AFFORDABLE HOUSING MANAGEMENT INC (EIN 237078343) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1970

Legal Domicile

Principal Officer

JILL PHANEUF

Phone

3362730568

Tax Period

2023-07-01 to 2024-06-30

AFFORDABLE HOUSING MANAGEMENT INC, founded in 1970, is a community nonprofit in the Housing & Shelter sector that reported $2.8M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $782K, a strong 28% operating margin.

Mission

MANAGEMENT AND DEVELOPMENT OF AFFORDABLE RENTAL HOUSING FOR LOW TO MODERATE INCOME HOUSEHOLDS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,280,288

Investment Income $1,490,434

Other Revenue $32,500

TOTAL REVENUE $2,803,222

Expense Breakdown

Grants Paid $0

Salaries & Benefits $975,851

Fundraising Expenses $0

Program Expenses $1,638,802

Other Expenses $1,045,035

TOTAL EXPENSES $2,020,886

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,803,222	$2,347,714	+0.2%
Expenses	$2,020,886	$1,857,904	+0.1%
Net Income	$782,336	$489,810	+0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$186,935

Total Directors

$186,935

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHESTER H BROWN III	PRESIDENT	0.00	Officer Director	$0	$0	$0
MEGAN R COHAN	VICE-PRESIDENT	0.00	Officer Director	$0	$0	$0
MARTHA W MILLER	SECRETARY & TREASURER	0.00	Officer Director	$0	$0	$0
KATHY CARPENTER	DIRECTOR	0.00	Director	$0	$0	$0
SOFIA S CRISP	DIRECTOR	0.00	Director	$0	$0	$0
WILLIAM DAVIDSON	DIRECTOR	0.00	Director	$0	$0	$0
WILLIAM PICKENS	DIRECTOR	0.00	Director	$0	$0	$0
F DEAN LITTLE III	DIRECTOR	0.00	Director	$0	$0	$0
DONALD E OVERMAN JR	DIRECTOR	0.00	Director	$0	$0	$0
SYLVESTER TAYLOR	EXECUTIVE COMMITTEE MEMBER	0.00	Director	$0	$0	$0
JILL PHANEUF	EXECUTIVE DIRECTOR	40.00	Officer Director	$0	$0	$0
MICHELLE BARDSLEY	DIRECTOR	0.00	Director	$0	$0	$0
DAVID LEVY	ASST SEC (FORMER EXEC DIR)	40.00	Officer Director	$186,935	$0	$186,935

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$2,803,222	$2,020,886	$12,526,103	$782,336
2023	$2,347,714	$1,857,904	$12,547,469	$489,810
2022	$3,905,516	$2,028,433	$11,955,961	$1,877,083
2021	$2,508,409	$1,945,282	$11,574,035	$563,127
2020	$1,816,292	$1,870,278	$11,300,983	$-53,986
2019	$1,570,650	$1,930,315	$10,751,136	$-359,665

AFFORDABLE HOUSING MANAGEMENT INC