Housing Affordability Trust (EIN 461003393) - 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

2012

Legal Domicile

Principal Officer

Carolyn G Dunkle

Phone

2058686156

Tax Period

2018-01-01 to 2018-12-31

Housing Affordability Trust, founded in 2012, is a community nonprofit in the Housing & Shelter sector that reported $8.0M in total revenue in fiscal year 2018. The organization ran a surplus of $5.2M, a strong 65% operating margin.

Mission

The mission of Housing Affordability Trust is to provide financial support to qualified charities (as defined by the Trust Agreement) and Governmental Authorities (as defined by the Trust Agreement) that promote and advance housing projects for persons who are members of low-income families and very low-income families (including elderly and handicapped persons) by financing the acquisition, construction, and equipping of one or more buildings and related facilities and to promote the common good and general welfare by providing decent, safe, and sanitary housing, in each case primarily in Jefferson County, Alabama, and elsewhere throughout the United States.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $196,102

Other Revenue $7,789,881

TOTAL REVENUE $7,985,983

Expense Breakdown

Grants Paid $2,343,024

Salaries & Benefits $192,179

Fundraising Expenses $0

Program Expenses $2,343,024

Other Expenses $252,786

TOTAL EXPENSES $2,787,989

Year-over-Year Comparison

	2018	2017	Change
Revenue	$7,985,983	$-750,444	-11.6%
Expenses	$2,787,989	$1,189,029	+1.3%
Net Income	$5,197,994	$-1,939,473	-3.7%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sam Parker	Trust Advisory Board Membe	1.00	Director	$0	$0	$0
Michael Davis	Trust Advisory Board Membe	1.00	Director	$0	$0	$0
Hugo Isom	Trust Advisory Board Membe	1.00	Director	$0	$0	$0
Perry Shuttlesworth	Trust Advisory Board Membe	1.00	Director	$0	$0	$0
N/A	Trustee	40.00		$192,179	$0	$192,179

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
2018	$7,985,983	$2,787,989	$34,559,640	$5,197,994

Housing Affordability Trust