THE ASSOCIATES GROUP FOR AFFORDABL… - 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

1981

Legal Domicile

Principal Officer

GERALD R GIBBS

Phone

9494923350

Tax Period

2022-01-01 to 2022-12-31

THE ASSOCIATES GROUP FOR AFFORDABLE HOUSING, founded in 1981, is a small nonprofit in the Housing & Shelter sector that reported $377K in total revenue in fiscal year 2022. Revenue decreased 12% compared to the prior year. Expenses of $358K left a modest 5% surplus.

Mission

TO EDUCATE AND ASSIST THE PUBLIC IN UNDERSTANDING AND ACQUIRING AFFORDABLE MANUFACTURED HOMES AND MOBILE HOMES FOR LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES

Program Service Accomplishments

Program 1

Expenses: $357,683

EDUCATE AND ASSIST THE PUBLIC IN UNDERSTANDING AND ACTING UPON THE NEEDS FOR ADDITIONAL LOW INCOME AFFORDABLE HOUSING AS WELL AS MANUFACTURED-HOUSING HOMEOWNERS PRESERVE THEIR AFFORDABLE LIFESTYLE...

EDUCATE AND ASSIST THE PUBLIC IN UNDERSTANDING AND ACTING UPON THE NEEDS FOR ADDITIONAL LOW INCOME AFFORDABLE HOUSING AS WELL AS MANUFACTURED-HOUSING HOMEOWNERS PRESERVE THEIR AFFORDABLE LIFESTYLE. THE ORGANIZATION ACQUIRES MOBILE HOMES, MOBILE HOME PARKS AND THEN EITHER TRANSFERS OR RENTS THEM TO INDIVIDUALS OF LOW TO MODERATE INCOMES AT OR BELOW COST

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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 $44,015

Program Service Revenue $333,436

Investment Income $0

Other Revenue $0

TOTAL REVENUE $377,451

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,895

Fundraising Expenses $0

Program Expenses $357,683

Other Expenses $249,788

TOTAL EXPENSES $357,683

Year-over-Year Comparison

	2022	2021	Change
Revenue	$377,451	$428,297	-0.1%
Expenses	$357,683	$417,617	-0.1%
Net Income	$19,768	$10,680	+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

Total Directors

$100,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERALD R GIBBS	President	35.00	Director	$100,000	$0	$100,000
MARILYN DAVID	Director	0.00	Director	$0	$0	$0
CAROL SHEAKS	Secretary	0.00	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
2022	$377,451	$357,683	$4,167,932	$19,768
2021	$428,297	$417,617	$4,509,783	$10,680
2020	$1,882,987	$430,038	$5,287,787	$1,452,949
2019	$985,002	$356,813	$3,538,725	$628,189
2018	$998,880	$351,183	$2,941,645	$647,697

THE ASSOCIATES GROUP FOR AFFORDABLE HOUSING