FOUNDATION FOR AFFORDABLE HOUSING VI INC (EIN 330839356) - 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

1999

Legal Domicile

Principal Officer

TARUN CHANDRAN

Phone

9494439101

Tax Period

2023-01-01 to 2023-12-31

FOUNDATION FOR AFFORDABLE HOUSING VI INC, founded in 1999, is a community nonprofit in the Housing & Shelter sector that reported $2.1M in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $2.7M exceeded revenue, resulting in a 28% operating deficit.

Mission

TO PROVIDE EDUCATIONAL, SELF-IMPROVEMENT, AND SOCIAL PROGRAMS TO LOW INCOME FAMILIES AND SENIOR CITIZENS RESIDING IN SUBSIDIZED AFFORDABLE HOUSING APARTMENT UNITS.

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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 $1,366,956

Program Service Revenue $484,976

Investment Income $746

Other Revenue $251,375

TOTAL REVENUE $2,104,053

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,114,194

Fundraising Expenses $0

Program Expenses $674,763

Other Expenses $583,964

TOTAL EXPENSES $2,698,158

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,104,053	$4,337,071	-0.5%
Expenses	$2,698,158	$4,695,906	-0.4%
Net Income	$-594,105	$-358,835	+0.7%

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

$2,278,659

Total Directors

$903,377

Key Employees

$456,299

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
ROGER TEEL	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
RYAN HIBBARD JONES	DIRECTOR	1.00	Director	$0	$0	$0
EDDIE PROSSER	DIRECTOR	1.00	Director	$0	$0	$0
TARUN CHANDRAN	VICE PRESIDENT AND SECRETARY (NOT A DIRECTOR)	1.00	Officer	$277,884	$53,378	$660,918
MELISSA VINCENT	VICE PRESIDENT AND TREASURER (NOT A DIRECTOR)	1.00	Officer	$168,257	$50,179	$462,111
MEI LUU	VICE PRESIDENT AND ASSISTANT SECRETARY (NOT A DIRE	1.00	Officer	$96,377	$41,016	$252,253
THOMAS WALDRON	KEY EMPLOYEE	1.00	Key Emp	$188,685	$43,476	$456,299

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	$2,104,053	$2,698,158	$270,019	$-594,105
2022	$4,337,071	$4,695,906	$251,888	$-358,835
2021	$3,417,355	$3,336,941	$610,723	$80,414
2020	$5,221,948	$2,689,233	$530,309	$2,532,715
2019	$1,744,530	$2,234,540	$221,260	$-490,010
2018	$1,710,101	$1,864,960	$251,885	$-154,859

FOUNDATION FOR AFFORDABLE HOUSING VI INC