AFFORDABLE HOUSING DEVELOPMENT FUND INC (EIN 391906153) - 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

1997

Legal Domicile

Principal Officer

TOM VAN VLEET

Phone

8153973755

Tax Period

2023-01-01 to 2023-12-31

AFFORDABLE HOUSING DEVELOPMENT FUND INC, founded in 1997, is a mid-sized nonprofit in the Housing & Shelter sector that reported $16.0M in total revenue in fiscal year 2018. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $22.7M exceeded revenue, resulting in a 42% operating deficit.

Mission

OWNERSHIP, DEVELOPMENT, PRESERVATION AND MANAGEMENT OF AFFORDABLE, SAFE, QUALITY, WELL-MAINTAINED HOUSING COMMUNITIES

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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 $12,380,702

Investment Income $805,576

Other Revenue $639,969

TOTAL REVENUE $13,826,247

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,000

Fundraising Expenses $0

Program Expenses $8,547,893

Other Expenses $12,955,674

TOTAL EXPENSES $12,991,674

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,826,247	$20,676,130	-0.3%
Expenses	$12,991,674	$14,596,449	-0.1%
Net Income	$834,573	$6,079,681	-0.9%

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

$36,000

Total Directors

$36,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACK AHRENS	DIR., VP, & TREASURER	1.00	Officer Director	$10,000	$0	$10,000
THOMAS VAN VLEET	DIR. & PRES.	2.00	Officer Director	$16,000	$0	$16,000
JOHN CONSTANTINE	DIR. & SECRETARY	1.00	Officer Director	$10,000	$0	$10,000
PERRY HARENDA	DIRECTOR PROPERTY MGMT - P	1.00	Highest	$0	$0	$327,107

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	No data	No data	No data	No data
2023	$13,826,247	$12,991,674	$92,633,968	$834,573
2022	$20,676,130	$14,596,449	$86,242,011	$6,079,681
2021	$18,557,415	$16,838,695	$87,465,066	$1,718,720
2020	$16,334,287	$16,184,061	$90,945,672	$150,226
2019	$16,678,401	$17,140,498	$99,918,133	$-462,097
2018	$16,044,888	$22,719,744	$105,458,843	$-6,674,856

AFFORDABLE HOUSING DEVELOPMENT FUND INC