CHAFFEE HOUSING TRUST

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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

KEITH R MCCULLOCH

Phone

7192391199

Tax Period

2024-01-01 to 2024-12-31

CHAFFEE HOUSING TRUST, founded in 2007, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 244% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 76% operating margin.

Mission

THE CHAFFEE HOUSING TRUST IS COMMITTED TO PROMOTING RESPONSIBLE COMMUNITY DEVELOPMENT BY PROVIDING AFFORDABLE AND SUSTAINABLE HOME OWNERSHIP AND RENTALS TO QUALIFYING RESIDNETS

Program Service Accomplishments

Program 1

Expenses: $217,115 Revenue: $31,352

PROVIDE AFFORDABLE HOME OWNERSHIP AND RENTAL OPPORTUNITIES TO INDIVIDUALS, FAMILIES AND HOUSEHOLDS EARNING BELOW CERTAIN PERCENTAGES (80%, 50% & 120%) OF THE AREA MEDIAN INCOME

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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 $1,937,085

Program Service Revenue $6,611

Investment Income $2,846

Other Revenue $57,949

TOTAL REVENUE $2,004,491

Expense Breakdown

Grants Paid $58,694

Salaries & Benefits $151,710

Fundraising Expenses $0

Program Expenses $217,115

Other Expenses $271,049

TOTAL EXPENSES $481,453

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,004,491	$583,435	+2.4%
Expenses	$481,453	$987,891	-0.5%
Net Income	$1,523,038	$-404,456	-4.8%

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

Total Directors

Key Employees

$114,503

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN MATTHEWS	PRESIDENT	0.50	Officer Director	$0	$0	$0
CHERYL KOVACIC-BROWN	VICE-PRESIDNET	0.50	Director	$0	$0	$0
RACHEL WOOLWORTH	SECRETARY	0.50	Director	$0	$0	$0
EILEEN ROGERS	TREASURER	0.50	Director	$0	$0	$0
KEITH BAKER	DIRECTOR	0.50	Director	$0	$0	$0
SAVANNA KLIMESH	DIRECTOR	0.50	Director	$0	$0	$0
ALEX RESTREPO	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTINE ENGLE	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTIAN LUNA-LEAL	DIRECTOR	0.50	Director	$0	$0	$0
KEITH READ MCCULLOCH	EXECUTIVE DIRECTOR	40.00	Key Emp Highest	$114,503	$0	$114,503
EARL PFEIFFER	ADVISORY BOARD	0.50	Director	$0	$0	$0
DON STEPHENS	ADVISORY BOARD	0.50	Director	$0	$0	$0
GREG FOLLET	ADVISORY BOARD	0.50	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	$2,004,491	$481,453	$17,040,833	$1,523,038
2023	$583,435	$987,891	$7,843,611	$-404,456
2022	$1,783,502	$391,625	$5,504,188	$1,391,877
2021	$1,026,057	$393,247	$4,439,148	$632,810
2020	$367,349	$205,143	$2,484,220	$162,206
2019	$472,747	$138,566	$1,638,431	$334,181
2019	$393,808	$146,154	$1,553,881	$247,654
2019	$867,466	$133,841	$2,039,852	$733,625
2018	$507,004	$66,502	$1,565,466	$440,502