FOUNDATION FOR AFFORDABLE HOUSING INC

EIN: 330327936 501(c)(3) Housing & Shelter

BEND, OR

Total Revenue
$5,442,678
Total Expenses
$8,856,891
Total Assets
$105,714,129
Net Assets
$12,317,435
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
CA
Principal Officer
TARUN CHANDRAN
Phone
9494439101
Tax Period
2023-01-01 to 2023-12-31

FOUNDATION FOR AFFORDABLE HOUSING INC, founded in 1988, is a community nonprofit in the Housing & Shelter sector that reported $5.4M in total revenue in fiscal year 2023. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $8.9M exceeded revenue, resulting in a 63% operating deficit.

Mission

TO CREATE SAFE, COMFORTABLE, HIGH-QUALITY, AFFORDABLE HOMES FOR VERY-LOW INCOME SENIOR CITIZENS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,318,171
Program Service Revenue $2,359,426
Investment Income $741,572
Other Revenue $23,509
TOTAL REVENUE $5,442,678

Expense Breakdown

Grants Paid $31,439
Salaries & Benefits $816,128
Fundraising Expenses $0
Program Expenses $5,300,980
Other Expenses $8,009,324
TOTAL EXPENSES $8,856,891

Year-over-Year Comparison

2023 2022 Change
Revenue $5,442,678 $17,799,615 -0.7%
Expenses $8,856,891 $21,966,336 -0.6%
Net Income $-3,414,213 $-4,166,721 -0.2%
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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Governance

Voting Members
6
Independent Members
4
Employees
1
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
4
$2,278,658
Total Directors
6
$1,374,155
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DARRIN WILLARD PRESIDENT 2.00
Officer Director
$280,989 $75,064 $903,377
THOMAS WILLARD DIRECTOR 4.00
Director
$0 $73,692 $444,378
SHIGE ITOH DIRECTOR 1.00
Director
$0 $0 $0
MIKE RISTOW DIRECTOR 1.00
Director
$0 $0 $26,400
MICHAEL BROWN DIRECTOR 1.00
Director
$0 $0 $0
TIM HOSE DIRECTOR 1.00
Director
$0 $0 $0
TARUN CHANDRAN VICE PRESIDENT AND SECRETARY (NOT A DIRECTOR) 1.00
Officer
$0 $53,378 $660,918
MELISSA VINCENT VICE PRESIDENT AND TREASURER (NOT A DIRECTOR) 1.00
Officer
$0 $50,179 $462,110
MEI LUU VICE PRESIDENT AND ASSISTANT SECRETARY (NOT A DIRE 1.00
Officer
$0 $41,016 $252,253
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 $5,442,678 $8,856,891 $105,714,129 $-3,414,213
2022 $17,799,615 $21,966,336 $35,963,703 $-4,166,721
2021 $24,103,430 $10,921,641 $40,186,962 $13,181,789
2020 $24,785,858 $18,810,137 $93,665,920 $5,975,721
2019 $24,180,053 $26,042,110 $166,119,455 $-1,862,057
2018 $23,823,410 $17,389,948 $81,612,366 $6,433,462
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