FIRST COMMUNITY AME HOUSING INC (EIN 382885676) - 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

1989

Legal Domicile

Principal Officer

BRIDGETTE ZAPPACOSTA

Phone

3138237700

Tax Period

2024-01-01 to 2024-12-31

FIRST COMMUNITY AME HOUSING INC, founded in 1989, is a small nonprofit in the Housing & Shelter sector that reported $281K in total revenue in fiscal year 2024. The organization ran a surplus of $55K, a strong 20% operating margin.

Mission

TO PROVIDE ELDERLY AND/OR HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SPECIAL SERVICES.

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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 $20,144

Program Service Revenue $259,773

Investment Income $587

Other Revenue $0

TOTAL REVENUE $280,504

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,865

Fundraising Expenses $0

Program Expenses $101,606

Other Expenses $157,759

TOTAL EXPENSES $225,624

Year-over-Year Comparison

	2024	2023	Change
Revenue	$280,504	$284,344	0.0%
Expenses	$225,624	$222,219	+0.0%
Net Income	$54,880	$62,125	-0.1%

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

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
THERESA BROWN	DIRECTOR	0.50	Director	$0	$0	$0
LARRY DONSTON	DIRECTOR	0.50	Director	$0	$0	$0
WANDA THOMAS	DIRECTOR	0.50	Director	$0	$0	$0
KATHY JACKSON	DIRECTOR	0.50	Director	$0	$0	$0
CELESTE DAVIS	DIRECTOR	0.50	Director	$0	$0	$0
ANITA CHRISTOPHER	DIRECTOR	0.50	Director	$0	$0	$0
REV DR WILLIE GHOLSTON	CO-CHAIR	0.50	Officer Director	$0	$0	$0
CATHY WRIGHT	TREASURER	0.50	Officer Director	$0	$0	$0
BETTY RHODES-MACHEN	SECRETARY	0.50	Officer Director	$0	$0	$0
WILLIAM BRIAN INMAN	CHAIR	0.50	Officer Director	$0	$0	$0
BRIDGETTE ZAPPACOSTA	DIRECTOR OF FINANCE	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
2024	$280,504	$225,624	$415,118	$54,880
2023	$284,344	$222,219	$277,571	$62,125
2022	$261,569	$263,433	$217,014	$-1,864
2021	$249,915	$279,429	$252,309	$-29,514
2020	$261,002	$266,053	$276,568	$-5,051
2019	$233,048	$254,370	$315,894	$-21,322
2018	$229,175	$258,918	$399,152	$-29,743

FIRST COMMUNITY AME HOUSING INC