Alpha Building Foundation Corporation co Alpha Phi Alpha Homes Inc (EIN 341803445) - 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

1982

Legal Domicile

Principal Officer

Tom Fuller

Phone

3303768787

Tax Period

2024-01-01 to 2024-12-31

Alpha Building Foundation Corporation co Alpha Phi Alpha Homes Inc, founded in 1982, is a community nonprofit in the Housing & Shelter sector that reported $2.5M in total revenue in fiscal year 2024.

Mission

Low Income 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 (2024)

Revenue Breakdown

Contributions & Grants $1,852,399

Program Service Revenue $637,234

Investment Income $3,214

Other Revenue $20,648

TOTAL REVENUE $2,513,495

Expense Breakdown

Grants Paid $0

Salaries & Benefits $266,218

Fundraising Expenses $0

Program Expenses $2,319,501

Other Expenses $2,176,655

TOTAL EXPENSES $2,442,873

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,513,495	$2,395,949	+0.0%
Expenses	$2,442,873	$2,326,508	+0.1%
Net Income	$70,622	$69,441	+0.0%

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

N/A

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
James R Williams	Chairman	1.00	Officer Director	$0	$0	$0
Bruce A Austin	Vice Chairman	1.00	Officer Director	$0	$0	$0
Gregory Phillips	Secretary	1.00	Officer Director	$0	$0	$0
George N Reaves	Treasurer	1.00	Officer Director	$0	$0	$0
Cecil Howard	Director	1.00	Director	$0	$0	$0
Harry E Johnson Sr	Director	1.00	Director	$0	$0	$0
Charles C Teamer Sr	Director	1.00	Director	$0	$0	$0
Frank A Jenkins III	Director	1.00	Director	$0	$0	$0
Samuel Deshazior	Director	1.00	Director	$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
2024	$2,513,495	$2,442,873	$3,421,865	$70,622
2023	$2,395,949	$2,326,508	$3,341,278	$69,441
2022	$2,386,557	$2,336,229	$3,394,481	$50,328
2021	$2,367,450	$2,097,844	$3,361,261	$269,606
2020	$2,367,407	$2,041,755	$3,355,769	$325,652
2019	$2,332,155	$2,080,967	$3,136,610	$251,188
2018	$2,319,375	$2,495,291	$3,106,320	$-175,916

Alpha Building Foundation Corporation co Alpha Phi Alpha Homes Inc