SARATOGA AFFORDABLE HOUSING GROUP INC (EIN 261210093) - 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

2007

Legal Domicile

Principal Officer

CORISSA SALVO

Phone

5185846600

Tax Period

2024-07-01 to 2025-06-30

SARATOGA AFFORDABLE HOUSING GROUP INC, founded in 2007, is a small nonprofit that reported $178K in total revenue in fiscal year 2024. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $464K exceeded revenue, resulting in a 161% operating deficit.

Mission

TO PROVIDE QUALITY INNOVATIVE HOUSING FOR FAMILIES IN NEED, PROMOTE OPPORTUNITIES FOR SELF-SUFFICIENCY AND ECONOMIC INDEPENDENCE AND BUILD A THRIVING COMMUNITY FOR THE CITY OF SARATOGA SPRINGS, NY AND SARATOGA COUNTY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $167,760

Investment Income $39

Other Revenue $10,141

TOTAL REVENUE $177,940

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $432,459

Other Expenses $464,280

TOTAL EXPENSES $464,280

Year-over-Year Comparison

	2024	2023	Change
Revenue	$177,940	$385,329	-0.5%
Expenses	$464,280	$574,688	-0.2%
Net Income	$-286,340	$-189,359	+0.5%

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
JENNA BARKLEY	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
ROCCO FERRARO	BOARD MEMBER	N/A	Director	$0	$0	$0
EILEEN FINNERAN	BOARD MEMBER	N/A	Director	$0	$0	$0
ART KIRKER	BOARD MEMBER	N/A	Director	$0	$0	$0
LUCILLE LUCAS	BOARD MEMBER	N/A	Director	$0	$0	$0
CINDY PHILIPS	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
ROBERT REED	BOARD MEMBER	N/A	Director	$0	$0	$0
CORISSA SALVO	PRESIDENT	N/A	Officer 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
2025	$177,940	$464,280	No data	$-286,340
2024	$385,329	$574,688	$3,171,535	$-189,359
2023	$897,133	$598,025	$3,482,767	$299,108
2022	$493,115	$602,206	$3,382,830	$-109,091
2021	$448,150	$603,435	$3,578,131	$-155,285
2020	$460,471	$531,201	$3,830,807	$-70,730
2019	$446,055	$511,995	$3,975,534	$-65,940
2018	$426,546	$532,598	$4,104,660	$-106,052

SARATOGA AFFORDABLE HOUSING GROUP INC