FOUNDATION FOR AFFORDABLE HOUSING … - 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

1999

Legal Domicile

Principal Officer

TARUN CHANDRAN

Phone

9494439101

Tax Period

2023-01-01 to 2023-12-31

FOUNDATION FOR AFFORDABLE HOUSING II INC, founded in 1999, is a community nonprofit in the Housing & Shelter sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 171% from the prior year, signaling strong growth momentum. The organization ran a surplus of $348K, a strong 19% operating margin.

Mission

OUR PURPOSE IS TO CREATE SAFE, COMFORTABLE, HIGH-QUALITY HOMES THAT UPLIFT THE LIVES OF OUR RESIDENTS AND ENHANCE THE SURROUNDING NEIGHBORHOODS. WE FOCUS ON THE FINANCIAL AND ENVIRONMENTAL SUSTAINABILITY OF EACH OF OUR RESIDENTIAL COMMUNITIES, ALLOWING US TO BUILD COMFORTABLE, AFFORDABLE HOMES FOR THOSE WHO NEED THEM MOST.

Program Service Accomplishments

Program 1

Expenses: $1,517,235 Revenue: $1,835,870

TO PROVIDE SAFE AND AFFORDABLE HOUSING UNITS TO 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,835,870

Investment Income $38,646

Other Revenue $0

TOTAL REVENUE $1,874,516

Expense Breakdown

Grants Paid $0

Salaries & Benefits $451,309

Fundraising Expenses $0

Program Expenses $1,517,235

Other Expenses $1,075,178

TOTAL EXPENSES $1,526,487

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,874,516	$692,713	+1.7%
Expenses	$1,526,487	$1,192,247	+0.3%
Net Income	$348,029	$-499,534	-1.7%

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

$2,723,036

Total Directors

$1,407,254

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARRIN WILLARD	PRESIDENT	1.00	Officer Director	$0	$75,064	$903,377
DEBORRAH WILLARD	DIRECTOR	4.00	Director	$0	$96,759	$477,477
RJ MILLER	DIRECTOR	1.00	Director	$0	$0	$0
ROGER TEEL	DIRECTOR	1.00	Director	$0	$0	$0
RAY WATERS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE RISTOW	DIRECTOR	1.00	Director	$9,000	$0	$26,400
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 DIR	1.00	Officer	$0	$41,016	$252,253
THOMAS WILLARD	KEY EMPLOYEE	16.00	Officer	$370,686	$73,692	$444,378

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	$1,874,516	$1,526,487	$1,846,350	$348,029
2022	$692,713	$1,192,247	$1,950,210	$-499,534
2021	$1,188,542	$3,161,878	$2,456,985	$-1,973,336
2020	$1,148,407	$2,326,468	$3,514,989	$-1,178,061
2019	$1,220,160	$724,736	$4,712,195	$495,424
2018	$1,803,191	$869,342	$4,287,341	$933,849

FOUNDATION FOR AFFORDABLE HOUSING II INC