FOUNDATION FOR AFFORDABLE HOUSING III INC (EIN 330588719) - 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

Formation Year

1993

Legal Domicile

Principal Officer

TARUN CHANDRAN

Phone

9494439101

Tax Period

2022-01-01 to 2022-12-31

FOUNDATION FOR AFFORDABLE HOUSING III INC, founded in 1993, is a micro nonprofit in the Housing & Shelter sector that reported $13K in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $19K exceeded revenue, resulting in a 45% operating deficit.

Mission

TO PROVIDE SAFE AND AFFORDABLE HOUSING TO LOW INCOME FAMILIES AND 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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,278

Program Service Revenue $12,000

Investment Income $97

Other Revenue $0

TOTAL REVENUE $13,375

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4

Other Expenses $19,411

TOTAL EXPENSES $19,411

Year-over-Year Comparison

	2022	2021	Change
Revenue	$13,375	$12,100	+0.1%
Expenses	$19,411	$159,880	-0.9%
Net Income	$-6,036	$-147,780	-1.0%

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

$4,878,777

Total Directors

$3,900,947

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARRIN WILLARD	SECRETARY/TREASURER/VOTING	1.00	Officer Director	$0	$73,819	$697,434
DEBORRAH A WILLARD	DIRECTOR, PRESIDENT, VOTIN	1.00	Officer Director	$0	$105,225	$3,203,513
MICHAEL BROWN	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON FLETCHER	DIRECTOR	1.00	Director	$0	$0	$0
NICK DOBRON	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA VINCENT	SENIOR VICE PRESIDENT	1.00	Officer	$0	$45,978	$375,042
TARUN CHANDRAN	GENERAL COUNSEL & ASSISTANT SECRETARY	1.00	Officer	$0	$46,463	$602,788
JASON ACOSTA	FORMER VICE PRESIDENT	1.00		$0	$14,096	$131,113

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	$13,375	$19,411	$33,793	$-6,036
2021	$12,100	$159,880	$39,804	$-147,780
2020	$24,585	$1,523,384	$187,584	$-1,498,799
2019	$30,356	$271,347	$1,986,883	$-240,991
2018	$805,779	$806,488	$1,927,874	$-709

FOUNDATION FOR AFFORDABLE HOUSING III INC