SUMMIT AFFORDABLE HOUSING CORPORATION (EIN 263120543) - 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

2008

Legal Domicile

Principal Officer

JOSEPH BILLY

Phone

9082736413

Tax Period

2023-01-01 to 2023-12-31

SUMMIT AFFORDABLE HOUSING CORPORATION, founded in 2008, is a micro nonprofit in the Housing & Shelter sector that reported $1 in total revenue in fiscal year 2023. Expenses of $380 exceeded revenue, resulting in a 37900% operating deficit.

Mission

To assist in and or implement the acquisition, development construction, operation management, sale, rehabilitation, renovation and disposition of residential housing and housing communities

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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

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $380

Other Expenses $380

TOTAL EXPENSES $380

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1	$1	N/A
Expenses	$380	$33	+10.5%
Net Income	$-379	$-32	+10.8%

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

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
Rick Whipple	Trustee	1.00	Director	$0	$0	$0
Nancy Galietti	Trustee	1.00	Director	$0	$0	$0
Dennis White	Trustee	1.00	Director	$0	$0	$0
Rev Denison Harrield	Trustee	1.00	Director	$0	$0	$0
Norm Miller	Trustee	1.00	Director	$0	$0	$0
Douglas M Cohen	Trustee	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	$1	$380	$83,228	$-379
2022	$1	$33	$83,607	$-32
2021	$31	$38	$83,639	$-7
2020	$10	$61	$83,646	$-51
2019	$14	$50	$83,697	$-36
2018	$512	$5	$83,733	$507

SUMMIT AFFORDABLE HOUSING CORPORATION