CRF AFFORDABLE HOUSING INC (EIN 474379637) - 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

2015

Legal Domicile

Principal Officer

DAVID COOPER

Phone

3175542100

Tax Period

2024-04-01 to 2025-03-31

CRF AFFORDABLE HOUSING INC, founded in 2015, is a mid-sized nonprofit in the Housing & Shelter sector that reported $39.9M in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $15.5M, a strong 39% operating margin.

Mission

TO PROMOTE THE WELFARE OF LOW AND MODERATE INCOME PERSONS, OLDER ADULTS AND OTHER SPECIAL NEEDS POPULATIONS WITH HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR NEEDS.

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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 $3,676,462

Program Service Revenue $22,260,215

Investment Income $13,926,940

Other Revenue $0

TOTAL REVENUE $39,863,617

Expense Breakdown

Grants Paid $6,431,540

Salaries & Benefits $8,574,939

Fundraising Expenses $0

Program Expenses $24,408,562

Other Expenses $9,402,083

TOTAL EXPENSES $24,408,562

Year-over-Year Comparison

	2024	2023	Change
Revenue	$39,863,617	$26,418,382	+0.5%
Expenses	$24,408,562	$21,846,128	+0.1%
Net Income	$15,455,055	$4,572,254	+2.4%

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

$608,841

Total Directors

$322,702

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID COOPER	PRESIDENT	40.00	Officer Director	$322,702	$0	$322,702
TIM SHROUT	DIRECTOR	0.00	Director	$0	$0	$0
TIM PAINO	SECRETARY AND TREASURER	0.00	Officer Director	$0	$0	$0
ADAM BOCIK	DIRECTOR	0.00	Director	$0	$0	$0
WILLIAM TIBBETTS	DIRECTOR	0.00	Director	$0	$0	$0
ERIK COOPER	VICE PRESIDENT	40.00	Officer	$286,139	$0	$286,139

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	$39,863,617	$24,408,562	$108,240,804	$15,455,055
2024	$26,418,382	$21,846,128	$92,871,826	$4,572,254
2023	$22,065,905	$17,777,710	$87,662,956	$4,288,195
2022	$70,095,090	$8,285,174	$71,328,382	$61,809,916
2021	$7,694,694	$6,766,055	$9,682,529	$928,639
2020	$6,185,924	$4,494,281	$8,779,170	$1,691,643

CRF AFFORDABLE HOUSING INC