COA Housing Inc

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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

1986

Legal Domicile

Principal Officer

William Moorhead

Phone

6148184640

Tax Period

2023-01-01 to 2023-12-31

COA Housing Inc, founded in 1986, is a small nonprofit in the Housing & Shelter sector that reported $289K in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $479K exceeded revenue, resulting in a 65% operating deficit.

Mission

Multifamily Subsidized Housing The Project was sold in 2023.

Program Service Accomplishments

Program 1

Expenses: $320,074 Revenue: $287,375

The nonprofit organization owned real estate in the form of an apartment complex for the elderly & handicapped under Section 202 of the National Housing Act. Rent supplements are received from HUD...

The nonprofit organization owned real estate in the form of an apartment complex for the elderly & handicapped under Section 202 of the National Housing Act. Rent supplements are received from HUD. The project was sold in 2023.

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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 $287,375

Investment Income $2,040

Other Revenue $0

TOTAL REVENUE $289,415

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,870

Fundraising Expenses $0

Program Expenses $320,074

Other Expenses $405,644

TOTAL EXPENSES $478,514

Year-over-Year Comparison

	2023	2022	Change
Revenue	$289,415	$528,620	-0.5%
Expenses	$478,514	$543,981	-0.1%
Net Income	$-189,099	$-15,361	+11.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William Moorhead	President	1.00	Officer	$0	$0	$0
Melissa Steel	Secretary	1.00	Officer	$0	$0	$0

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
2023	$289,415	$478,514	No data	$-189,099
2022	$528,620	$543,981	$1,317,828	$-15,361
2021	$527,107	$548,898	$1,298,564	$-21,791
2020	$490,630	$508,621	$1,334,080	$-17,991
2019	$480,306	$508,681	$1,364,020	$-28,375
2018	$474,067	$442,188	$1,433,260	$31,879