COMMUNITY HOUSING CORP (EIN 370918495) - 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

1968

Legal Domicile

Principal Officer

Gene Gathers

Phone

3096764717

Tax Period

2023-10-01 to 2024-09-30

COMMUNITY HOUSING CORP, founded in 1968, is a small nonprofit that reported $403K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

Rental of apartments to low to moderate income housing. Units managed are the Pierson Hills 2 apartments and tenants pay rent based upon income.

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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 $0

Investment Income $0

Other Revenue $402,987

TOTAL REVENUE $402,987

Expense Breakdown

Grants Paid $0

Salaries & Benefits $105,189

Fundraising Expenses $0

Program Expenses $328,601

Other Expenses $301,369

TOTAL EXPENSES $406,558

Year-over-Year Comparison

	2023	2022	Change
Revenue	$402,987	$435,736	-0.1%
Expenses	$406,558	$511,516	-0.2%
Net Income	$-3,571	$-75,780	-1.0%

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	Role	Reportable Comp	Other Comp	Total
Terry Cunefare	Board President	Officer Director	$0	$0	$0
Bea Cagle	Board Vice President	Officer Director	$0	$0	$0
Adamu Alhassan	Board Secretary	Director	$0	$0	$0
Mark Gamage	Board Treasurer	Officer Director	$0	$0	$0
Stephen Cantrell	Board Member	Director	$0	$0	$0
Julie Comfort	Board Member	Director	$0	$0	$0
Marvin Hightower	Board Member	Director	$0	$0	$0
William Lervaag	Board Member	Director	$0	$0	$0
Jeffrey Randolf	Board Member	Director	$0	$0	$0
Bradley Sain	Board Member	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	$402,987	$406,558	$568,276	$-3,571
2023	$435,736	$511,516	$647,420	$-75,780
2022	$438,229	$491,354	$738,945	$-53,125
2021	$454,526	$516,113	$811,408	$-61,587
2020	$418,521	$584,454	$921,059	$-165,933

COMMUNITY HOUSING CORP