AFFORDABLE HOUSING DEVELOPERS 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

1997

Legal Domicile

Principal Officer

SCOTT BURLINGAME

Phone

7014834432

Tax Period

2023-01-01 to 2023-12-31

AFFORDABLE HOUSING DEVELOPERS INC, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $748K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $1.2M exceeded revenue, resulting in a 58% operating deficit.

Mission

AFFORDABLE HOUSING DEVELOPERS IS DEDICATED TO THE DEVELOPMENT, PRESERVATION AND MANAGEMENT OF DECENT, SAFE AND AFFORDABLE HOUSING FOR LOWER INCOME HOUSEHOLDS IN NORTH DAKOTA.

Program Service Accomplishments

Program 1

AFFORDABLE HOUSING DEVELOPERS DEVELOPS MULTI-FAMILY HOUSING PROJECTS FOR LOW TO MODERATE INCOME HOUSEHOLDS THROUGHOUT NORTH DAKOTA BY UTILIZING FEDERAL, STATE AND LOCAL GRANT AND LOAN PROGRAMS...

AFFORDABLE HOUSING DEVELOPERS DEVELOPS MULTI-FAMILY HOUSING PROJECTS FOR LOW TO MODERATE INCOME HOUSEHOLDS THROUGHOUT NORTH DAKOTA BY UTILIZING FEDERAL, STATE AND LOCAL GRANT AND LOAN PROGRAMS DESIGNED TO PROMOTE HOUSING OPPORTUNITIES. AHDI MAY USE THESE FUNDS TO PURCHASE AND/OR REHABILITATE EXISTING AFFORDABLE HOUSING PROPERTIES AT RISK OF BEING LOST TO THE AFFORDABLE HOUSING INDUSTRY, OR BUILD NEW IN AREAS THAT ARE IN SHORT SUPPLY OF AFFORDABLE HOUSING.

Program 2

Expenses: $632,877 Revenue: $659,709

AHDI OWNS 3 MULTI-FAMILY AFFORDABLE HOUSING PROPERTIES WITH 48 UNITS LOCATED IN WILLISTON, RUGBY, AND MANDAN, AHDI ALSO HAS OWNERSHIP IN 5 ADDITIONAL AFFORDABLE HOUSING PROPERTIES LOCATED IN HEBRON...

Program 3

Expenses: $286,748 Revenue: $48,578

AHDI MANAGES AFFORDABLE MULTIFAMILY HOUSING PROGRAMS THAT UTILIZE A VARIETY OF SUBSIDY PROGRAMS INCLUDING RURAL DEVELOPMENT RENTAL ASSISTANCE, HUD HOME PROGRAM FUNDING AND NORTH DAKOTA HOUSING...

AHDI MANAGES AFFORDABLE MULTIFAMILY HOUSING PROGRAMS THAT UTILIZE A VARIETY OF SUBSIDY PROGRAMS INCLUDING RURAL DEVELOPMENT RENTAL ASSISTANCE, HUD HOME PROGRAM FUNDING AND NORTH DAKOTA HOUSING INCENTIVE FUNDS. THE 123 UNITS AHDI MANAGES ARE LOCATED ACROSS NORTH DAKOTA IN HEBRON, MANDAN, NAPOLEON, VELVA, ROLLA, RUGBY AND WILLISTON.

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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 $38,337

Program Service Revenue $709,426

Investment Income $0

Other Revenue $0

TOTAL REVENUE $747,763

Expense Breakdown

Grants Paid $0

Salaries & Benefits $267,243

Fundraising Expenses $0

Program Expenses $919,625

Other Expenses $914,643

TOTAL EXPENSES $1,181,886

Year-over-Year Comparison

	2023	2022	Change
Revenue	$747,763	$855,160	-0.1%
Expenses	$1,181,886	$1,192,842	0.0%
Net Income	$-434,123	$-337,682	+0.3%

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

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

$86,294

Total Directors

$1,520

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT BURLINGAME	PRESIDENT	0.50	Officer Director	$0	$0	$285
EMILY GRAN	VICE-PRESIDENT	0.50	Officer Director	$0	$0	$190
FANCHON DUGARM	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$380
CHRIS KELLER	BOARD MEMBER	0.50	Director	$0	$0	$285
EMILY SCHROEDER	BOARD MEMBER	0.50	Director	$0	$0	$190
CHERYL MERCK	BOARD MEMBER	0.50	Director	$0	$0	$190
ANDREA DIEDE	EXECUTIVE DIRECTOR	39.50	Officer	$85,439	$0	$85,439

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	$747,763	$1,181,886	$9,433,107	$-434,123
2022	$855,160	$1,192,842	$9,804,516	$-337,682
2022	$855,160	$1,192,842	$9,804,516	$-337,682
2021	$977,943	$745,016	$9,176,011	$232,927
2020	$634,076	$989,860	$8,536,995	$-355,784
2019	$1,157,679	$1,252,237	$7,459,460	$-94,558