AOFPACIFIC AFFORDABLE HOUSING CORP (EIN 330741689) - 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

1997

Legal Domicile

Principal Officer

KATHRYN T WALKER

Phone

7147991339

Tax Period

2023-01-01 to 2023-12-31

AOFPACIFIC AFFORDABLE HOUSING CORP, founded in 1997, is a community nonprofit that reported $8.4M in total revenue in fiscal year 2023. Revenue surged 56% from the prior year, signaling strong growth momentum.

Mission

PROMOTE QUALITY AFFORDABLE HOUSING FOR MODERATE TO LOW INCOME HOUSEHOLDS AND THE ELDERLY THROUGHOUT ALASKA, ARIZONA, CALIFORNIA, OREGON, ILLINOIS, AND WASHINGTON STATE BY THE ACQUISITION, REHABILITATION, OPERATION, AND PRESERVATION OF AFFORDABLE MULTIFAMILY HOUSING.

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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 $0

Program Service Revenue $7,735,128

Investment Income $617,595

Other Revenue $0

TOTAL REVENUE $8,352,723

Expense Breakdown

Grants Paid $894,382

Salaries & Benefits $1,815,339

Fundraising Expenses $0

Program Expenses $7,689,766

Other Expenses $5,946,999

TOTAL EXPENSES $8,656,720

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,352,723	$5,338,762	+0.6%
Expenses	$8,656,720	$6,970,486	+0.2%
Net Income	$-303,997	$-1,631,724	-0.8%

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

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

$1,576,303

Total Directors

$459,815

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL DO-KHANH	TRUSTEE	0.20	Director	$0	$0	$0
STEVE JONES	TRUSTEE, ASSISTANT SECRETA	0.20	Officer Director	$0	$0	$0
KATHRYN T WALKER	SENIOR VP-FINANCE	10.00	Officer Director	$0	$59,815	$459,815
RIED SCHOTT	TRUSTEE	0.20	Director	$0	$0	$0
WILLIAM P FISHER III	TRUSTEE	0.20	Director	$0	$0	$0
SHARON TRAN	SECRETARY, VP OF OPERATION	40.00	Officer	$200,666	$39,592	$240,258
AJAY NAYAR	VP OF ASSET MANAGEMENT	10.00	Officer	$0	$20,931	$155,723
SARA FAY	SVP-NW DIVISION	40.00	Officer	$274,375	$50,060	$324,435
BRETT MASCARO	PRESIDENT	40.00	Officer	$349,375	$46,697	$396,072

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	$8,352,723	$8,656,720	$81,082,384	$-303,997
2022	$5,338,762	$6,970,486	$49,688,029	$-1,631,724
2021	$2,901,956	$2,869,207	$13,098,194	$32,749
2021	$3,016,818	$2,966,327	$51,390,418	$50,491
2020	$3,282,449	$2,615,588	$12,179,738	$666,861
2019	$3,843,597	$3,049,077	$10,950,052	$794,520
2018	$4,102,620	$2,134,057	$9,227,485	$1,968,563

AOFPACIFIC AFFORDABLE HOUSING CORP