AHA DEVELOPMENT CORPORATION (EIN 454171999) - 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

2011

Legal Domicile

Principal Officer

BARBARA LAMPHERE

Phone

3152536249

Tax Period

2024-04-01 to 2025-03-31

AHA DEVELOPMENT CORPORATION, founded in 2011, is a small nonprofit in the Housing & Shelter sector that reported $506K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Net assets of $1.7M represent 40 months of operating reserves.

Mission

AHA DEVELOPMENT CORPORATION IS FORMED FOR THE PURPOSE OF CONDUCTING ACTIVITIES WHICH ARE EXCLUSIVELY CHARITABLE WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1954, AS MAY BE AMENDED FROM TIME TO TIME, INCLUDING RELIEF OF THE POOR, DISTRESSED AND UNDERPRIVILEGED, AND PROMOTION OF SOCIAL WELFARE TO LESSEN COMMUNITY TENSION, ELIMINATE PREJUDICE AND DISCRIMINATION, AND COMBAT COMMUNITY DETERIORATION, SPECIFICALLY, THE BUSINESS PURPOSE TO ACHIEVE THE PUBLIC OR QUASI-PUBLIC OBJECTIVE OF PROVIDING ON A NOT-FOR-PROFIT BASIS, DECENT, AFFORDABLE HOUSING AND RELATED COMMUNITY SERVICES AND FACILITIES SPECIFICALLY DESIGNED TO MEET THE NEEDS AND REQUIREMENTS OF LOW INCOME FAMILIES AND INDIVIDUALS, BY DEVELOPING, ACQUIRING, CONSTRUCTING, RENOVATING, OPERATING, MAINTAINING, AND IMPROVING RENTAL HOUSING AND HOME OWNERSHIP OPPORTUNITIES FOR LOW INCOME FAMILIES AND INDIVIDUALS.

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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 $429,459

Investment Income $76,848

Other Revenue $0

TOTAL REVENUE $506,307

Expense Breakdown

Grants Paid $0

Salaries & Benefits $57,413

Fundraising Expenses $0

Program Expenses $551,575

Other Expenses $494,162

TOTAL EXPENSES $551,575

Year-over-Year Comparison

	2024	2023	Change
Revenue	$506,307	$807,647	-0.4%
Expenses	$551,575	$418,971	+0.3%
Net Income	$-45,268	$388,676	-1.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
TRISH KERR	DIRECTOR	Director	$0	$0	$0
BARBARA LAMPHERE	PRESIDENT	Officer Director	$0	$0	$0
LAURIE PICCOLO	DIRECTOR	Director	$0	$0	$0
ROBERT NAPOLI	VICE PRESIDENT	Officer Director	$0	$0	$0
SARA DOUGLASS	TREASURER	Officer Director	$0	$0	$0
KAREN MACIER	SECRETARY	Officer Director	$0	$0	$0
ERICA RYAN	ASST. SECRETARY	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
2025	$506,307	$551,575	$8,014,590	$-45,268
2024	$807,647	$418,971	$8,092,443	$388,676
2023	$938,847	$393,706	$7,676,090	$545,141
2022	$314,198	$432,503	$7,143,560	$-118,305
2021	$202,177	$402,939	$7,244,862	$-200,762
2020	$1,095,926	$500,984	$7,446,043	$594,942
2019	$189,590	$393,966	$6,870,788	$-204,376

AHA DEVELOPMENT CORPORATION