ATHENS HOMELESS PROPERTY CORPORATION (EIN 260492571) - 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

Principal Officer

ERIC ORBOCK

Phone

7065461422

Tax Period

2023-01-01 to 2023-12-31

ATHENS HOMELESS PROPERTY CORPORATION is a small nonprofit in the Housing & Shelter sector that reported $126K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $316K exceeded revenue, resulting in a 152% operating deficit.

Mission

AHPC WAS FORMED TO ACQUIRE PROPERTY AND MAKE IT AVAILABLE EXCLUSIVELY TO 501(C)3 ORGANIZATIONS ASSISTING IN THE PLIGHT OF THE HOMELESS IN THE ATHENS, GA AREA. THE HOMELESS PROVIDERS WILL INCLUDE LOCAL SHELTERS, FOOD BANKS, AND HEALTH CLINICS. AHPC WILL FURTHER ITS EXEMPT PURPOSE BY CONSTRUCTING AND RETAINING FUNDS TO ACQUIRE, CONSTRUCT OR OPERATE FACILITIES FOR ORGANIZATIONS ASSISTING THE HOMELESS.

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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 $0

Investment Income $125,608

Other Revenue $0

TOTAL REVENUE $125,608

Expense Breakdown

Grants Paid $60,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $299,000

Other Expenses $256,421

TOTAL EXPENSES $316,421

Year-over-Year Comparison

	2023	2022	Change
Revenue	$125,608	$91,222	+0.4%
Expenses	$316,421	$332,137	0.0%
Net Income	$-190,813	$-240,915	-0.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT BACHMAN	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
PAIGE CUMMINGS	DIRECTOR	1.00	Director	$0	$0	$0
TOM FOSTER	DIRECTOR	1.00	Director	$0	$0	$0
JIM GILLIS	DIRECTOR	1.00	Director	$0	$0	$0
ERIC ORBOCK	PRESIDENT	1.00	Officer Director	$0	$0	$0
SHAE POST	DIRECTOR	1.00	Director	$0	$0	$0

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
2024	No data	No data	No data	No data
2023	$125,608	$316,421	$7,781,791	$-190,813
2022	$91,222	$332,137	$7,684,487	$-240,915
2021	$194,986	$342,677	$8,400,548	$-147,691
2020	$53,059	$345,094	$8,298,073	$-292,035
2019	$70,054	$289,146	$8,380,476	$-219,092
2018	$302,286	$289,390	$8,247,002	$12,896

ATHENS HOMELESS PROPERTY CORPORATION