THE AFFORDABLE HOUSING TRUST

EIN: 477282311 501(c)(3) Housing & Shelter

CHARLESTON, SC

Total Revenue
$188,794
Total Expenses
$102,867
Total Assets
$1,224,416
Net Assets
$1,224,416
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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
SC
Principal Officer
ARTHUR MILLIGAN JR
Phone
8437203167
Tax Period
2024-01-01 to 2024-12-31

THE AFFORDABLE HOUSING TRUST, founded in 2015, is a small nonprofit in the Housing & Shelter sector that reported $189K in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $86K, a strong 46% operating margin.

Mission

THE AFFORDABLE HOUSING TRUST WAS ESTABLISHED TO MAINTAIN TARGET RENTAL RATES FOR UNITS AT THE WILLIAMS TERRACE APARTMENTS FOR PERSONS AND FAMILIES OF LOW TO MODERATE INCOMES AND ASSISTING IN THE PAYMENT OF COSTS OR OPERATION, MAINTENANCE, REPAIRS, REPLACEMENTS, AND IMPROVEMENTS TO THE AFFORDABLE RENTAL UNITS WITHIN WILLIAMS TERRACE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $129,880
Program Service Revenue $0
Investment Income $58,914
Other Revenue $0
TOTAL REVENUE $188,794

Expense Breakdown

Grants Paid $102,139
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $102,867
Other Expenses $728
TOTAL EXPENSES $102,867

Year-over-Year Comparison

2024 2023 Change
Revenue $188,794 $135,065 +0.4%
Expenses $102,867 $700 +146.0%
Net Income $85,927 $134,365 -0.4%
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

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Governance

Voting Members
8
Independent Members
6
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
5
$354,576
Total Directors
8
$354,576
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARTHUR MILLIGAN JR VICE PRES., 1.00
Officer Director
$0 $0 $172,373
PETER SHERMAN TREASURER, W 1.00
Officer Director
$0 $0 $127,608
PRISCILLA WARING SECRETARY, W 1.00
Officer Director
$0 $0 $54,595
COURTNEY N BRACK CHAIRMAN, WE 1.00
Officer Director
$0 $0 $0
DONALD J CAMERON PRESIDENT, W 1.00
Officer Director
$0 $0 $0
EDWARD KRONSBERG DIRECTOR, WE 1.00
Director
$0 $0 $0
EMMANUEL FERGUSON SR DIRECTOR, WE 1.00
Director
$0 $0 $0
GREG VOIGHT DIRECTOR, WE 1.00
Director
$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 $188,794 $102,867 $1,224,416 $85,927
2023 $135,065 $700 $1,138,489 $134,365
2022 $100,746 $999 $1,004,124 $99,747
2021 $99,682 $1,064 $904,377 $98,618
2020 $59,207 $252,096 $805,759 $-192,889
2018 $764,795 $154 $821,543 $764,641
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