ACADIA HOUSING INC

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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

2010

Legal Domicile

Principal Officer

MATTHEW J SCIBEK

Phone

8603985425

Tax Period

2022-01-01 to 2022-12-31

ACADIA HOUSING INC, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $665K in total revenue in fiscal year 2022. Expenses of $844K exceeded revenue, resulting in a 27% operating deficit.

Mission

TO PROVIDE DECENT HOUSING THAT IS AFFORDABLE TO LOW AND MODERATE INCOME PERSONS.

Program Service Accomplishments

Program 1

Expenses: $727,808 Revenue: $259,586

THE COMPANY, ACADIA HOUSING, INC., OPERATES THREE PROJECTS, A 24 UNIT APARTMENT COMPLEX KNOWN AS DARTMOUTH VILLAGE, A 27 UNIT APARTMENT COMPLEX KNOWN AS NUTMEG PARK, AND A 24 UNIT APARTMENT COMPLEX KNOWN AS RIVERSIDE VILLAGE, UNDER SECTION 515 OF THE NATIONAL HOUSING ACT OF 1949. THESE PROJECTS ARE REGULATED BY THE UNITED STATES DEPARTMENT OF AGRICULTURE RURAL DEVELOPMENT (USDA-RD).

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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 (2022)

Revenue Breakdown

Contributions & Grants $400,883

Program Service Revenue $259,586

Investment Income $4,892

Other Revenue $0

TOTAL REVENUE $665,361

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $727,808

Other Expenses $843,504

TOTAL EXPENSES $843,504

Year-over-Year Comparison

	2022	2021	Change
Revenue	$665,361	$680,945	0.0%
Expenses	$843,504	$837,978	+0.0%
Net Income	$-178,143	$-157,033	+0.1%

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

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
REGINALD L BABCOCK	SECRETARY	1.00	Officer Director	$0	$0	$0
SUSAN GUNDERMAN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
RICHARD PIERCE	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW J SCIBEK	PRESIDENT	1.00	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
2023	No data	No data	No data	No data
2022	$665,361	$843,504	$6,164,699	$-178,143
2021	$680,945	$837,978	$6,309,333	$-157,033
2020	$549,353	$595,120	$6,438,189	$-45,767
2019	$487,567	$519,703	$4,089,022	$-32,136
2018	$486,596	$516,849	$4,108,046	$-30,253