KALAMAZOO AREA HOUSING CORPORATION (EIN 383292373) - 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

1996

Legal Domicile

Principal Officer

MICHELLE DAVIS

Phone

2693820287

Tax Period

2023-01-01 to 2023-12-31

KALAMAZOO AREA HOUSING CORPORATION, founded in 1996, is a micro nonprofit in the Housing & Shelter sector that reported $51K in total revenue in fiscal year 2023. The organization ran a surplus of $25K, a strong 50% operating margin.

Mission

FACILITATES THE DEVELOPMENT AND MANAGEMENT OF LOW INCOME HOUSING PROJECTS

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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 $51,099

Investment Income $0

Other Revenue $0

TOTAL REVENUE $51,099

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $25,643

Other Expenses $25,643

TOTAL EXPENSES $25,643

Year-over-Year Comparison

	2023	2022	Change
Revenue	$51,099	$49,133	+0.0%
Expenses	$25,643	$24,320	+0.1%
Net Income	$25,456	$24,813	+0.0%

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

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

$116,970

Total Directors

$116,970

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID JARL	PRESIDENT (ENDED 01/25/23)	0.10	Officer Director	$0	$0	$0
CYNTHIA ORTEGA	PRESIDENT (01/25/23-11/28/23)	0.10	Officer Director	$0	$0	$0
MICHELLE DAVIS	SECRETARY/TREASURER	0.10	Officer Director	$0	$15,363	$116,970
CLAUDIA WINK-BASING	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
JOSE SANTAMARIA	PRESIDENT (BEGAN 11/28/23)	0.10	Officer 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	No data	No data	No data	No data
2023	$51,099	$25,643	$2,028,896	$25,456
2022	$49,133	$24,320	$1,978,255	$24,813
2021	$47,244	$23,540	$1,929,225	$23,704
2020	$70,427	$24,625	$1,882,236	$45,802
2019	$43,679	$23,275	$1,838,764	$20,404
2018	$46,248	$25,324	$2,178,098	$20,924

KALAMAZOO AREA HOUSING CORPORATION