AFFORDABLE HOUSING CORPORATION OF MARION INDIANA

EIN: 351966459 501(c)(3) Housing & Shelter

MARION, IN

Total Revenue
$1,813,404
Total Expenses
$1,515,102
Total Assets
$7,251,541
Net Assets
$7,122,989
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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
1995
Legal Domicile
IN
Principal Officer
LORRI COX
Phone
7656621574
Tax Period
2023-07-01 to 2024-06-30

AFFORDABLE HOUSING CORPORATION OF MARION INDIANA, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $298K, a strong 16% operating margin.

Mission

TO PROVIDE HOUSING, COMMUNITY AND ECONOMIC DEVELOPMENT PROJECTS AND SOCIAL SERVICES THAT BENEFIT LOW AND MODERATE INCOME PERSONS. TO PROVIDE SERVICES TO BENEFICIARIES THROUGH ITS HOUSING COUNSELING PROGRAM, DOWN PAYMENT ASSISTANCE PROGRAM, MATCHED SAVINGS ACCOUNT PROGRAM, SMALL BUSINESS SUPPORT PROGRAM, RENTAL HOUSING, AND HOUSING DEVELOPMENT/REHAB PROGRAM. ALSO TO SERVE AS THE SPONSOR/DEVELOPER/ADMINISTRATOR/CONSULTANT FOR NUMEROUS COMMUNITY DEVELOPMENT PROJECTS OWNED/OPERATED BY OTHER NONPROFIT ENTITIES.

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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 $992,583
Program Service Revenue $804,074
Investment Income $16,747
Other Revenue $0
TOTAL REVENUE $1,813,404

Expense Breakdown

Grants Paid $0
Salaries & Benefits $425,604
Fundraising Expenses $0
Program Expenses $865,611
Other Expenses $1,089,498
TOTAL EXPENSES $1,515,102

Year-over-Year Comparison

2023 2022 Change
Revenue $1,813,404 $1,240,792 +0.5%
Expenses $1,515,102 $1,444,531 +0.0%
Net Income $298,302 $-203,739 -2.5%
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
6
Independent Members
6
Employees
13
Volunteers
25

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
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANET BARNETT PRESIDENT 1.00
Officer Director
$0 $0 $0
LORRI COX EXECUTIVE DI 40.00
Officer Director
$0 $0 $0
CHARLES HERRIMAN V-PRESIDENT 1.00
Officer Director
$0 $0 $0
KAYLA JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
TASHIMA NICOLE JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH KACHEL SECRETARY/TR 1.00
Officer Director
$0 $0 $0
PATRICIA MCCLUNG 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
2025 No data No data No data No data
2024 $1,813,404 $1,515,102 $7,251,541 $298,302
2023 $1,240,792 $1,444,531 $6,929,743 $-203,739
2022 $1,718,206 $1,737,280 $7,082,987 $-19,074
2021 $1,052,086 $1,206,966 $7,246,448 $-154,880
2020 $883,835 $1,119,856 $7,460,494 $-236,021
2019 $2,188,372 $1,657,198 $7,627,790 $531,174
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