COMMUNITY HOUSING ALTERNATIVES CORP

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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

Principal Officer

KATHERINE GRANT

Phone

7344823300

Tax Period

2017-10-01 to 2018-09-30

COMMUNITY HOUSING ALTERNATIVES CORP is a micro nonprofit that reported $5K in total revenue in fiscal year 2017. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $36K exceeded revenue, resulting in a 597% operating deficit.

Mission

PROVIDE AFFORDABLE HOUSING OPTIONS TO DISABLED INDIVIDUALS AND LOW INCOME FAMILIES IN SOUTHEASTERN MICHIGAN.

Program Service Accomplishments

Program 1

Expenses: $10,883

THE RENTAL PROGRAM IDENTIFIES, SECURES, DEVELOPS AND MANAGES SINGLE FAMILY AND DUPLEX RENTAL UNITS AND PROVIDES THIS AFORDABLE AND ACCESSIBLE HOUSING TO DISABLED INDIVIDUALS AND FAMILIES WITH A...

THE RENTAL PROGRAM IDENTIFIES, SECURES, DEVELOPS AND MANAGES SINGLE FAMILY AND DUPLEX RENTAL UNITS AND PROVIDES THIS AFORDABLE AND ACCESSIBLE HOUSING TO DISABLED INDIVIDUALS AND FAMILIES WITH A DISABLED MEMBER.

Program 2

THE HOME OWNERSHIP PROGRAM PROVIDES INTENSIVE EDUCATION AND COUNSELING TO DISABLED INDIVIDUALS AND LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES WHO DESIRE TO PURCHASE THEIR OWN HOME. HOMES ARE...

THE HOME OWNERSHIP PROGRAM PROVIDES INTENSIVE EDUCATION AND COUNSELING TO DISABLED INDIVIDUALS AND LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES WHO DESIRE TO PURCHASE THEIR OWN HOME. HOMES ARE ALSO ACQUIRED, REHABILITATED AND SOLD BELOW COST TO ELIGIBLE PARTIES.

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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 (2017)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,097

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,097

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,875

Fundraising Expenses $0

Program Expenses $10,883

Other Expenses $33,651

TOTAL EXPENSES $35,526

Year-over-Year Comparison

	2017	2016	Change
Revenue	$5,097	$122,926	-1.0%
Expenses	$35,526	$90,354	-0.6%
Net Income	$-30,429	$32,572	-1.9%

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

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

$148,138

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PENNY YOHN	OFFICER	1.00	Director	$0	$0	$0
JOANNE MAGEE	CHAIR	1.00	Officer Director	$0	$0	$0
CHRISTIAN USERA	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
GAYANN HARRIS	MEMBER AT LA	1.00	Director	$0	$0	$0
CHRIS SEVICK	CONSULTANT	1.00	Director	$0	$0	$0
KATHERINE GRANT	EXECUTIVE DI	5.00	Officer	$0	$2,325	$92,925
JASON MEDEIROS	DIRECTOR OF	5.00	Officer	$0	$3,463	$55,213
MELISSA FRASH	SECRETARY	5.00	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
2018	$5,097	$35,526	$14,093	$-30,429