AUSTIN AFFORDABLE HOUSING CORPORATION (EIN 412121187) - 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

2003

Legal Domicile

Principal Officer

RON KOWAL

Phone

5124774488

Tax Period

2024-04-01 to 2025-03-31

AUSTIN AFFORDABLE HOUSING CORPORATION, founded in 2003, is a mid-sized nonprofit in the Housing & Shelter sector that reported $46.6M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14.9M, a strong 32% operating margin.

Mission

TO ENSURE AND PRESERVE QUALITY, AFFORDABLE HOUSING OPPORTUNITIES FOR LOW- TO MODERATE-INCOME FAMILIES IN AUSTIN AS WELL AS PROVIDE FINANCIAL LITERACY AND HOMEOWNERSHIP OPPORTUNITIES.

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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 $0

Program Service Revenue $41,537,949

Investment Income $4,534,294

Other Revenue $541,694

TOTAL REVENUE $46,613,937

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,773,834

Fundraising Expenses $0

Program Expenses $21,586,499

Other Expenses $27,908,909

TOTAL EXPENSES $31,682,743

Year-over-Year Comparison

	2024	2023	Change
Revenue	$46,613,937	$34,708,843	+0.3%
Expenses	$31,682,743	$26,373,372	+0.2%
Net Income	$14,931,194	$8,335,471	+0.8%

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

N/A

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

$250,968

Total Directors

$250,968

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON KOWAL	VICE PRESIDE	8.00	Officer Director	$0	$0	$250,968
MARY APOSTOLOU	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
EDWINA CARRINGTON	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA CHEN	TREASURER	2.00	Officer Director	$0	$0	$0
TYRA DUNCAN-HALL	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL GERBER	PRESIDENT/SE	2.00	Officer Director	$0	$0	$0
CARL RICHIE JR	DIRECTOR	1.00	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
2025	$46,613,937	$31,682,743	$237,521,248	$14,931,194
2024	$34,708,843	$26,373,372	$222,216,659	$8,335,471
2023	$61,957,926	$30,898,966	$216,507,483	$31,058,960
2022	$40,972,198	$24,514,181	$189,492,836	$16,458,017
2021	$33,564,030	$27,604,169	$177,962,778	$5,959,861

AUSTIN AFFORDABLE HOUSING CORPORATION