COMPASS FOR AFFORDABLE HOUSING (EIN 270604434) - 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

2009

Legal Domicile

Principal Officer

NICKI COMETA

Phone

8583865176

Tax Period

2023-01-01 to 2023-12-31

COMPASS FOR AFFORDABLE HOUSING, founded in 2009, is a small nonprofit in the Education sector that reported $404K in total revenue in fiscal year 2023. Revenue fell 69% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $86K, a strong 21% operating margin.

Mission

THE PRIMARY OBJECTIVE AND PURPOSE OF THE CORPORATION IS TO DEVELOP, MANAGE AND PROVIDE AFFORDABLE HOUSING AND SOCIAL SERVICES FOR LOW AND MODERATE INCOME FAMILIES, SENIORS, AND HANDICAPPED, VETERANS AND HOMELESS INDIVIDUALS.

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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 $61,883

Program Service Revenue $207,273

Investment Income $96

Other Revenue $135,000

TOTAL REVENUE $404,252

Expense Breakdown

Grants Paid $81,427

Salaries & Benefits $76,217

Fundraising Expenses $0

Program Expenses $293,224

Other Expenses $160,540

TOTAL EXPENSES $318,184

Year-over-Year Comparison

	2023	2022	Change
Revenue	$404,252	$1,295,606	-0.7%
Expenses	$318,184	$132,492	+1.4%
Net Income	$86,068	$1,163,114	-0.9%

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

$65,697

Total Directors

$65,697

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICKI COMETA	PRESIDENT	10.00	Officer Director	$0	$0	$0
DENISE GOMEZ	SECRETARY	2.00	Officer Director	$0	$0	$0
JAMES LAVERTY	TREASURER	2.00	Officer Director	$0	$0	$0
WAHEED KARIM	BOARD MEMBER	1.00	Director	$0	$0	$0
KATELYN SILVERWOOD	EXECUTIVE DIRECTOR	32.00	Officer Director	$65,697	$0	$65,697
BETH BINGER	BOARD MEMBER	1.00	Director	$0	$0	$0
ASHLEY RHAME	BOARD MEMBER	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	$404,252	$318,184	$2,393,863	$86,068
2022	$1,295,606	$132,492	$1,461,341	$1,163,114
2021	$302,499	$83,692	$307,427	$218,807
2020	$152,286	$100,648	$74,620	$51,638

COMPASS FOR AFFORDABLE HOUSING