ANAWIM HOUSING INC

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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

1987

Legal Domicile

Principal Officer

CYNTHIA LATCHAM

Phone

5152448308

Tax Period

2023-01-01 to 2023-12-31

ANAWIM HOUSING INC, founded in 1987, is a community nonprofit that reported $7.5M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $8.6M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROVIDE SAFE, AFFORDABLE HOUSING WHICH ASSISTS IN THE STABILIZATION OF LOW INCOME FAMILIES AND THE REVITALIZATION OF THE DES MOINES METROPOLITAN NEIGHBORHOODS.

Program Service Accomplishments

Program 1

Expenses: $4,001,586 Revenue: $0

RENTAL SUBSIDIES - INVOLVES THE ADMINISTRATION OF RENTAL SUBSIDIES TO INDIVIDUALS AND FAMILIES WITH DISABILITY OF MENTAL ILLNESS, CHRONIC SUBSTANCE ABUSE, OR AIDS OR OTHER RELATED DISEASES FROM FUNDS...

Program 2

Expenses: $2,650,577 Revenue: $1,049,307

COMMUNITY AND PROJECT BASED PROPERTY MANAGEMENT - OWN AND MANAGE RENTAL HOUSING UNITS FOR LOW-INCOME FAMILIES. RENTAL MANAGEMENT INCLUDES THE ADMINISTRATION OF RENTAL SUBSIDIES, THE MARKETING AND...

COMMUNITY AND PROJECT BASED PROPERTY MANAGEMENT - OWN AND MANAGE RENTAL HOUSING UNITS FOR LOW-INCOME FAMILIES. RENTAL MANAGEMENT INCLUDES THE ADMINISTRATION OF RENTAL SUBSIDIES, THE MARKETING AND LEASING OF BOTH OWNED AND NON-OWNED UNITS, ENSURING UNIT AND FAMILY COMPLIANCE WITH BUILDING AND OCCUPANCY CODES, AS WELL AS OTHER REGULATORY AGENCIES.SERVICES ARE PROVIDED THROUGH THE FOLLOWING:PERMANENT RENTAL HOUSING TO QUALIFIED LOW INCOME INDIVIDUALS/FAMILIES WITH A SECTION 8 SUBSIDY VOUCHER LOW INCOME HOUSING CONTRACTED THROUGH DES MOINES PUBLIC HOUSING LOW INCOME HOUSING WITHIN LIMITED PARTNERSHIP ARRANGEMENTS

Program 3

Expenses: $91,391 Revenue: $91,391

FAMILY SERVICES - THESE SERVICES INCLUDE ASSISTING FAMILIES LIVING IN AFFILIATES HOUSING TO ESTABLISH GOALS WHICH WILL ENABLE THEM TO HANDLE FAMILY CRISES, STRENGTHEN ECONOMIC STABILITY, AND BECOME CONTRIBUTING MEMBERS OF THE COMMUNITY IN WHICH THEY LIVE. FAMILY SERVICES WILL DO THIS BY LOCATING RESOURCES AND PROVIDING ENCOURAGEMENT AND SUPPORT AS THE FAMILY STRIVES TO MEET THESE GOALS.

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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 $5,020,855

Program Service Revenue $1,109,270

Investment Income $31,428

Other Revenue $1,363,000

TOTAL REVENUE $7,524,553

Expense Breakdown

Grants Paid $2,956,487

Salaries & Benefits $2,967,060

Fundraising Expenses $226,236

Program Expenses $7,013,701

Other Expenses $2,707,877

TOTAL EXPENSES $8,631,424

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,524,553	$5,914,692	+0.3%
Expenses	$8,631,424	$7,732,388	+0.1%
Net Income	$-1,106,871	$-1,817,696	-0.4%

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

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

$277,025

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAUDETTE MCDONALD	CHAIR	2.00	Officer Director	$0	$0	$0
BETSY HAPPE	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
SHANNON COFIELD	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE COMITO	DIRECTOR	1.00	Director	$0	$0	$0
KATE RAUN	DIRECTOR	1.00	Director	$0	$0	$0
DAN MANNING	DIRECTOR	1.00	Director	$0	$0	$0
DEB THARNISH	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE MILLIGAN	DIRECTOR	1.00	Director	$0	$0	$0
KEN WATKINS	DIRECTOR	1.00	Director	$0	$0	$0
BOB DOUGLAS	DIRECTOR	1.00	Director	$0	$0	$0
KATE MASSOP	DIRECTOR	1.00	Director	$0	$0	$0
MARILYN CARROLL	DIRECTOR	1.00	Director	$0	$0	$0
MATT CALLANAN	DIRECTOR	1.00	Director	$0	$0	$0
CECELIA KENT	DIRECTOR	1.00	Director	$0	$0	$0
SHERRY PERKINS	DIRECTOR	1.00	Director	$0	$0	$0
DANA JERGENSON	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA LATCHAM	PRESIDENT	40.00	Officer	$138,766	$9,398	$148,164
RUSSELL FRAZIER	FORMER PRESIDENT	36.00	Officer	$123,074	$5,787	$128,861
DUSTIN PARRY	MANAGING DIRECTOR	40.00	Highest	$117,995	$7,411	$125,406

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	$7,524,553	$8,631,424	$12,338,861	$-1,106,871
2022	$5,914,692	$7,732,388	$14,803,315	$-1,817,696
2021	$6,675,013	$6,672,177	$12,399,814	$2,836
2020	$4,606,028	$6,665,257	$9,459,408	$-2,059,229
2019	$7,817,145	$6,747,238	$11,203,574	$1,069,907
2018	$5,883,559	$6,044,742	$10,321,330	$-161,183