AFFORDABLE HOUSING SOLUTIONS INC (EIN 460348562) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Principal Officer

LARISSA DEEDRICH

Phone

6053320704

Tax Period

2023-10-01 to 2024-09-30

AFFORDABLE HOUSING SOLUTIONS INC, founded in 1978, is a small nonprofit in the Housing & Shelter sector that reported $458K in total revenue in fiscal year 2017. Revenue decreased 6% compared to the prior year. Expenses of $616K exceeded revenue, resulting in a 34% operating deficit.

Mission

TO IMPROVE THE QUALITY OF LIFE FOR THE SIOUX FALLS COMMUNITY AND ITS LOWER INCOME RESIDENTS BY PROVIDING AFFORDABLE, DECENT, SAFE AND NONDISCRIMINATORY HOUSING OPPORTUNITIES THAT FURTHER SELF-SUFFICIENCY AND/OR INDEPENDENT LIVING.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $456,000

Program Service Revenue $332,647

Investment Income $-649,847

Other Revenue $-29

TOTAL REVENUE $138,771

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,405

Fundraising Expenses $0

Program Expenses $360,634

Other Expenses $562,486

TOTAL EXPENSES $610,891

Year-over-Year Comparison

	2023	2022	Change
Revenue	$138,771	$358,725	-0.6%
Expenses	$610,891	$618,648	0.0%
Net Income	$-472,120	$-259,923	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH W THOMPSON	FORMER PRESIDENT (LEFT DEC 2023)	1.00	Officer Director	$0	$0	$0
RUTH CHRISTOPHERSON	FORMER SECRETARY/TREASURER (LEFT DEC 2023)	1.00	Officer Director	$0	$0	$0
BRIAN JANS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMIE SMITH	MEMBER	1.00	Director	$0	$0	$0
DAVID KING	MEMBER	1.00	Director	$0	$0	$0
MIKE HAUCK	MEMBER	1.00	Director	$0	$0	$0
JEREMY KECKLER	PRESIDENT (EFFECTIVE JAN 2024)	1.00	Officer Director	$0	$0	$0
DIXIE HIEB	MEMBER	1.00	Director	$0	$0	$0
THOMAS MOORE	MEMBER	1.00	Director	$0	$0	$0
NICK BROWN	SECRETARY (EFFECTIVE JAN 2024)	1.00	Officer Director	$0	$0	$0
JANEAN MICHALOV	MEMBER	1.00	Director	$0	$0	$0
LARISSA DEEDRICH	EXECUTIVE DIRECTOR	1.00	Officer	$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
2024	$138,771	$610,891	$7,868,115	$-472,120
2023	$358,725	$618,648	$6,153,266	$-259,923
2022	$509,324	$635,346	$4,833,265	$-126,022
2021	$640,267	$662,905	$4,382,029	$-22,638
2020	$597,712	$704,146	$7,010,324	$-106,434
2019	$753,595	$740,120	$7,767,544	$13,475
2018	$458,047	$615,918	$6,909,383	$-157,871

AFFORDABLE HOUSING SOLUTIONS INC