PARTNERSHIP FOR AFFORDABLE HOUSING INC (EIN 351837287) - 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

1991

Legal Domicile

Principal Officer

ANDIE FRIEDMAN

Phone

3175802535

Tax Period

2023-01-01 to 2023-12-31

PARTNERSHIP FOR AFFORDABLE HOUSING INC, founded in 1991, is a community nonprofit in the Housing & Shelter sector that reported $3.2M in total revenue in fiscal year 2023. Revenue surged 70% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 39% operating margin.

Mission

PROVIDING AFFORDABLE HOUSING UNITS TO LOW-INCOME, MULTI-FAMILY AND ELDERLY RESIDENTS. SERVICES INCLUDE SCHEDULED MEAL PROGRAMS, HAIR SALON, SOCIAL ACTIVITIES AND ARRANGING TRANSPORTATION.

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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 $1,924,318

Investment Income $906,941

Other Revenue $331,418

TOTAL REVENUE $3,162,677

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,612,190

Other Expenses $1,937,485

TOTAL EXPENSES $1,937,485

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,162,677	$1,855,435	+0.7%
Expenses	$1,937,485	$1,943,548	0.0%
Net Income	$1,225,192	$-88,113	-14.9%

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

$31,385

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE DURY	SECRETARY	4.00	Officer Director	$0	$0	$0
R DOUGLAS SYLVESTER	MEMBER	4.00	Director	$0	$0	$0
AMY BURMEISTER	PRESIDENT	4.00	Officer Director	$0	$0	$0
MINDY BROWN	ASSISTANT DIRECTOR	20.00	Director	$0	$0	$0
MATT GADUS	FORMER DIRECTOR	20.00	Director	$0	$0	$0
ANDIE FRIEDMAN	TREASURER	4.00	Officer Director	$0	$0	$0
DARCIE SWIKE	DIRECTOR	20.00	Director	$31,385	$0	$31,385

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	$3,162,677	$1,937,485	$10,363,893	$1,225,192
2022	$1,855,435	$1,943,548	$10,187,974	$-88,113
2021	$1,632,385	$1,820,595	$9,185,376	$-188,210
2020	$1,674,363	$1,705,943	$9,404,769	$-31,580
2019	$2,315,164	$1,754,476	$9,459,677	$560,688
2018	$1,737,358	$1,905,828	$9,143,218	$-168,470

PARTNERSHIP FOR AFFORDABLE HOUSING INC