Fox River Affordable Housing Corp

EIN: 463082735 501(c)(3) Housing & Shelter

Elgin, IL

Total Revenue
$71,696
Total Expenses
$45,878
Total Assets
N/A
Net Assets
N/A
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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
2013
Legal Domicile
IL
Principal Officer
Martell Armstrong
Phone
4048054102
Tax Period
2023-01-01 to 2023-12-31

Fox River Affordable Housing Corp, founded in 2013, is a micro nonprofit in the Housing & Shelter sector that reported $72K in total revenue in fiscal year 2023. The organization ran a surplus of $26K, a strong 36% operating margin.

Mission

To provide affordable housing for low income families

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $71,696
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $71,696

Expense Breakdown

Grants Paid $0
Salaries & Benefits $22,709
Fundraising Expenses $0
Program Expenses $4,560
Other Expenses $23,169
TOTAL EXPENSES $45,878

Year-over-Year Comparison

2023 2022 Change
Revenue $71,696 $74,768 0.0%
Expenses $45,878 $101,908 -0.5%
Net Income $25,818 $-27,140 -2.0%
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

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Governance

Voting Members
1
Independent Members
1
Employees
1
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
1
$0
Total Directors
0
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Martell Armstrong Executive Director N/A
Officer Key Emp
$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
2023 $71,696 $45,878 No data $25,818
2022 $74,768 $101,908 $169,885 $-27,140
2021 $295,788 $109,625 $199,619 $186,163
2020 $138,857 $219,637 $7,738 $-80,780
2019 $316,538 $395,343 $90,430 $-78,805
2018 $314,851 $809,955 $180,284 $-495,104
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