FOUNDATION FOR AFFORDABLE HOUSING V INC

EIN: 330839354 501(c)(3) Housing & Shelter

BEND, OR

Total Revenue
$2,715,237
Total Expenses
$3,909,227
Total Assets
$7,719,068
Net Assets
$5,480,935
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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
CA
Principal Officer
TARUN CHANDRAN
Phone
9494439101
Tax Period
2023-01-01 to 2023-12-31

FOUNDATION FOR AFFORDABLE HOUSING V INC, founded in 1999, is a community nonprofit in the Housing & Shelter sector that reported $2.7M in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $3.9M exceeded revenue, resulting in a 44% operating deficit.

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.

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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 $0
Program Service Revenue $2,933,858
Investment Income $-121,051
Other Revenue $-97,570
TOTAL REVENUE $2,715,237

Expense Breakdown

Grants Paid $0
Salaries & Benefits $464,812
Fundraising Expenses $0
Program Expenses $3,665,294
Other Expenses $3,444,415
TOTAL EXPENSES $3,909,227

Year-over-Year Comparison

2023 2022 Change
Revenue $2,715,237 $4,515,667 -0.4%
Expenses $3,909,227 $5,189,550 -0.2%
Net Income $-1,193,990 $-673,883 +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

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Governance

Voting Members
5
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
5
$903,377
Key Employees
1
$477,477
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DARRIN WILLARD PRESIDENT 1.00
Officer Director
$0 $75,064 $903,377
SHIGE ITOH DIRECTOR 1.00
Director
$0 $0 $0
RJ MILLER DIRECTOR 1.00
Director
$0 $0 $0
ERICA TEEL DIRECTOR 1.00
Director
$0 $0 $0
NICK DOBRON DIRECTOR 1.00
Director
$0 $0 $0
TARUN CHANDRAN VICE PRESIDENT AND SECRETARY 2.00
Officer
$0 $53,378 $660,918
MELISSA VINCENT VICE PRESIDENT AND TREASURER 2.00
Officer
$0 $50,179 $462,110
MEI LUU VICE PRESIDENT AND ASSISTANT SECRETARY 2.00
Officer
$0 $41,016 $252,253
DEBORRAH A WILLARD KEY EMPLOYEE 16.00
Key Emp
$380,718 $96,759 $477,477
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 $2,715,237 $3,909,227 $7,719,068 $-1,193,990
2022 $4,515,667 $5,189,550 $8,717,002 $-673,883
2021 $2,122,399 $1,722,187 $9,679,414 $400,212
2020 $2,077,726 $2,291,142 $7,419,669 $-213,416
2019 $1,610,034 $1,033,038 $9,123,913 $576,996
2018 $6,904,206 $1,697,135 $8,088,277 $5,207,071
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