MIDVALE, UT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)AFFORDA, founded in 2012, is a community nonprofit in the Housing & Shelter sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 64% from the prior year, signaling strong growth momentum. The organization ran a surplus of $944K, a strong 38% operating margin.
AFFORDA STABILIZES NEIGHBORHOODS THROUGH ITS SUBSIDIARY ORGANIZATIONS BY PROVIDING SINGLE FAMILY AND MULTI-FAMILY AFFORDABLE HOUSING, NEIGHBORHOOD REVITALIZATION, AND SMALL BUSINESS LENDING AND INVESTING. AFFORDA SERVES AS AN UMBRELLA OR PARENT ORGANIZATION FOR SEVERAL ENTITIES WITH THE SAME BOARD OF DIRECTORS AND MANAGEMENT TEAM.
THE UTAH EQUITABLE TRANSIT ORIENTED DEVELOPMENT LOANS (UETOD) IS A STRUCTURED $35 MILLION REVOLVING LOAN FUND. THE LOAN FUND PROVIDES FLEXIBLE SHORT-TERM FINANCING FOR DEVELOPERS TO PURCHASE AND/OR...
THE UTAH EQUITABLE TRANSIT ORIENTED DEVELOPMENT LOANS (UETOD) IS A STRUCTURED $35 MILLION REVOLVING LOAN FUND. THE LOAN FUND PROVIDES FLEXIBLE SHORT-TERM FINANCING FOR DEVELOPERS TO PURCHASE AND/OR DEVELOP TRANSIT ORIENTED AFFORDABLE HOUSING NEAR PUBLIC TRANSPORTATION THROUGHOUT THE WASATCH FRONT. ALL HOUSING UNITS FINANCED BY THE UETOD WILL BE DESIGNATED FOR RESIDENTS WITH HOUSEHOLD INCOME LESS THAN 80% OF AREA MEDIAN INCOME (AMI). FOR RENTAL PROJECTS, AT LEAST 60% OF THE TOTAL UNITS WILL BE FOR RESIDENTS AT 60% AMI OR BELOW. IN ADDITION, THE FUND WILL ENSURE THAT ALL RENTAL UNITS/HOMES MEET THE ABOVE AFFORDABILITY REQUIREMENTS.BOTH NON-PROFIT AND FOR-PROFIT DEVELOPERS ARE ABLE TO ACCESS THE FUND'S RESOURCES. THE FUND PROVIDES AN ACQUISITION AND PREDEVELOPMENT SOURCE OF CAPITAL TO ALLOW DEVELOPERS TO SECURE KEY PROPERTIES, AND CONSTRUCTION FINANCING FOR THESE SAME PROJECTS. WHEREAS SOME GEOGRAPHIES MAY HAVE A GREATER NEED TO TARGET A LOWER AMI, OTHER AREAS HAVE ALREADY ESTABLISHED ENOUGH HOUSING TO ACCOMMODATE THE DEEPER TARGETS AND ARE LOOKING TO BRING MORE MARKET RATE UNITS TO THE AREA.AS OF DECEMBER 31, 2024, FOUR TRANSIT-ORIENTED DEVELOPMENT LOANS WERE ISSUED AND OUTSTANDING FOR A TOTAL OF $26,737,966. OF THAT TOTAL, $9,093,605 OF THE $10,500,000 TOP LOSS WAS COMMITTED FOR THE FOUR TRANSIT-ORIENTED DEVELOPMENT PROJECTS. AFFORDABLE UNITS PROVIDED BY THE UETOD PROGRAM HAVE IMPACTED AN ESTIMATED 6,836 PEOPLE.
AFFORDA, THROUGH ITS SUBSIDIARY ORGANIZATIONS PROVIDES SINGLE FAMILY AND MULTI-FAMILY AFFORDABLE HOUSING AND NEIGHBORHOOD REVITALIZATION.
UTAH SMALL BUSINESS GROWTH INITIATIVE (USBGI) IS A LIMITED LIABILITY COMPANY ORGANIZED IN THE STATE OF UTAH ON JUNE 11, 2012 FOR THE PURPOSE OF CREATING JOBS AND STABILIZING UTAH'S NEIGHBORHOODS BY...
UTAH SMALL BUSINESS GROWTH INITIATIVE (USBGI) IS A LIMITED LIABILITY COMPANY ORGANIZED IN THE STATE OF UTAH ON JUNE 11, 2012 FOR THE PURPOSE OF CREATING JOBS AND STABILIZING UTAH'S NEIGHBORHOODS BY PROVIDING GROWING BUSINESSES WITH ACCESS TO CAPITAL. USBGI'S PROGRAM SERVICES INCLUDE, A) PROVIDING EARLY STAGE INVESTMENT CAPITAL, B) FACILITATING LOAN GUARANTEES TO SMALL BUSINESSES BETWEEN FINANCIAL INSTITUTIONS AND THE STATE OF UTAH, AND C) PARTICIPATING IN LOANS ALONGSIDE OTHER FINANCIAL INSTITUTIONS. TO DATE, USBGI HAS BEEN ABLE TO LEVERAGE APPROXIMATELY $8.5 MILLION IN FUNDS TO GIVE SMALL BUSINESSES ACCESS TO APPROXIMATELY $50 MILLION IN CAPITAL TO HELP GROW THEIR BUSINESSES. THAT CAPITAL WAS REPORTED TO HAVE HELPED TO CREATE APPROXIMATELY 550 JOBS AND RETAIN APPROXIMATELY 1,800 JOBS. CAPITAL HAS BEEN MADE AVAILABLE TO WOMEN-OWNED AND MINORITY-OWNED BUSINESSES IN LOW-INCOME AND RURAL AREAS. USBGI IS A WHOLLY-OWNED SUBSIDIARY OF THE NONPROFIT AFFORDA. AFFORDA SERVES AS AN UMBRELLA ORGANIZATION FOR SEVERAL DIFFERENT ENTITIES IN ADDITION TO USBGI.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $2,504,696 | $1,524,718 | +0.6% |
| Expenses | $1,560,552 | $911,269 | +0.7% |
| Net Income | $944,144 | $613,449 | +0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KIMBERLY CHYTRAUS | CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LEE DIAL | VICE CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MISSY KEY | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KISTY MORRIS | FORMER CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| TOM CHRISTOPULOS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN RICHARDS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CLAUDIA O'GRADY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| STEPHEN NELSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DANNY SHIN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SHARLENE WILDE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JAKE WOOD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DANIEL ADAMS | EXECUTIVE DIRECTOR | 13.34 |
Officer
|
$247,500 | $33,346 | $280,846 |
| AMY THORNTON | CHIEF OPERATING OFFICER | 13.34 |
Officer
|
$164,795 | $28,124 | $192,919 |
| ELI WILLIS | CHIEF FINANCIAL OFFICER | 13.34 |
Officer
|
$0 | $0 | $0 |
| LUANN SPANGENBERG | LENDING MANAGER | 25.00 |
Highest
|
$111,240 | $0 | $111,240 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $2,504,696 | $1,560,552 | $54,221,445 | $944,144 |
| 2023 | $1,524,718 | $911,269 | $33,671,429 | $613,449 |
| 2022 | $605,933 | $658,120 | $35,451,079 | $-52,187 |
| 2021 | $2,535,036 | $865,955 | $25,024,590 | $1,669,081 |
| 2020 | $732,781 | $902,735 | $29,560,532 | $-169,954 |
| 2019 | $2,405,562 | $845,047 | $25,628,985 | $1,560,515 |
| 2018 | $2,711,155 | $762,677 | $20,337,768 | $1,948,478 |
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