PASSAIC AFFORDABLE HOUSING COALITI… - Form 990 Financial Data

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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

VINCENT WYNTER

Phone

9735835564

Tax Period

2024-01-01 to 2024-12-31

PASSAIC AFFORDABLE HOUSING COALITION, founded in 2008, is a small nonprofit in the Housing & Shelter sector that reported $691K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO ACQUIRE DISTRESSED PROPERTIES, REDEVELOP OR REHABILITATE, AND SELL OR RENT TO LOW OR MODERATE INCOME FAMILIES IN THE CITY OF PASSAIC.

Program Service Accomplishments

Program 1

Expenses: $519,396 Revenue: $238,682

OPERATION OF DISTRESSED PROPERTIES FOR LOW TO MODERATE INCOME FAMILIES.

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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 $238,469

Investment Income $213

Other Revenue $452,427

TOTAL REVENUE $691,109

Expense Breakdown

Grants Paid $0

Salaries & Benefits $477,784

Fundraising Expenses $0

Program Expenses $519,396

Other Expenses $234,660

TOTAL EXPENSES $712,444

Year-over-Year Comparison

	2024	2023	Change
Revenue	$691,109	$632,421	+0.1%
Expenses	$712,444	$678,287	+0.1%
Net Income	$-21,335	$-45,866	-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

$21,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HENRY NAVARRO	CHAIRMAN	1.00	Director	$0	$0	$0
CARLOS M LOPEZ	VICE-CHAIRMAN	1.00	Director	$0	$0	$0
ARLENES NAVARRO	TRUSTEE	1.00	Director	$0	$0	$0
REVEREND HECTOR L SEDA	TREASURER	1.00	Director	$0	$0	$0
ERIKA D RODRIGUEZ	TRUSTEE	1.00	Director	$0	$0	$0
CARLOS D LOPEZ	TRUSTEE	1.00	Director	$0	$0	$0
VICTOR CIRILO	EXECUTIVE DIRECTOR	12.00	Director	$21,500	$0	$21,500
JOSEPH E BRANCO	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	$691,109	$712,444	$1,563,382	$-21,335
2023	$632,421	$678,287	$1,622,764	$-45,866
2022	$543,036	$469,973	$1,595,139	$73,063
2021	$562,081	$562,468	$1,587,255	$-387
2020	$574,128	$521,402	$1,527,329	$52,726
2019	$559,200	$552,005	$1,334,720	$7,195
2018	$470,074	$412,551	$1,035,757	$57,523

PASSAIC AFFORDABLE HOUSING COALITION