ASSOCIATION FOR HOMES INC (EIN 311385692) - 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

Legal Domicile

Principal Officer

DENNIS BRUBAKER

Phone

2605631342

Tax Period

2023-01-01 to 2023-12-31

ASSOCIATION FOR HOMES INC is a small nonprofit in the Housing & Shelter sector that reported $299K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Net assets of $3.7M represent 147 months of operating reserves.

Mission

TO PROVIDE MULTI-FAMILY HOUSING FOR LOW-INCOME 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 $59,546

Program Service Revenue $215,557

Investment Income $21,906

Other Revenue $2,170

TOTAL REVENUE $299,179

Expense Breakdown

Grants Paid $25,000

Salaries & Benefits $42,828

Fundraising Expenses $0

Program Expenses $257,682

Other Expenses $254,408

TOTAL EXPENSES $322,236

Year-over-Year Comparison

	2023	2022	Change
Revenue	$299,179	$316,823	-0.1%
Expenses	$322,236	$278,561	+0.2%
Net Income	$-23,057	$38,262	-1.6%

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

N/A

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

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
RONALD DAYMUDE	Director	Director	$0	$0	$0
MATTHEW MIZE	Director	Director	$0	$0	$0
BARBARA CARPENTER	Secretary	Officer	$0	$0	$0
MATTHEW CARPENTER	Vice President	Officer	$0	$0	$0
DENNIS BRUBAKER	President	Officer	$0	$0	$0
NOAH SMITH	Treasurer	Officer	$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	$299,179	$322,236	$4,497,785	$-23,057
2022	$355,523	$255,472	$4,563,643	$100,051
2021	$419,509	$228,880	$4,494,363	$190,629
2020	$486,252	$242,694	$4,319,207	$243,558
2019	$196,249	$266,044	$4,066,918	$-69,795
2018	$160,330	$265,276	$4,137,015	$-104,946
2017	$554,971	$298,453	$4,242,329	$256,518
2016	$390,615	$230,045	$3,986,640	$160,570

ASSOCIATION FOR HOMES INC