NATIONAL FOUNDATION FOR AFFORDABLE HOUSING SOLUTIONS INC (EIN 521665967) - 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

1990

Legal Domicile

Principal Officer

TODD TRAVIS

Phone

3019980400

Tax Period

2023-01-01 to 2023-12-31

NATIONAL FOUNDATION FOR AFFORDABLE HOUSING SOLUTIONS INC, founded in 1990, is a mid-sized nonprofit in the Housing & Shelter sector that reported $39.8M in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $28.2M, a strong 71% operating margin.

Mission

THE FOUNDATION IS DEDICATED TO PRESERVING THE NATION'S EXISTING ASSISTED RENTAL HOUSING STOCK AND IS COMMITTED TO PROVIDING THE UNDERSERVED POPULATION WITH SOLUTIONS AND BETTER ACCESS TO DECENT, SAFE AND WELL-MANAGED AFFORDABLE HOUSING AND COMMUNITY PROGRAMS AND SERVICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $39,815,929

Investment Income $0

Other Revenue $0

TOTAL REVENUE $39,815,929

Expense Breakdown

Grants Paid $368,060

Salaries & Benefits $3,415,706

Fundraising Expenses $0

Program Expenses $10,978,617

Other Expenses $7,836,177

TOTAL EXPENSES $11,619,943

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,815,929	$72,340,809	-0.4%
Expenses	$11,619,943	$13,659,753	-0.1%
Net Income	$28,195,986	$58,681,056	-0.5%

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

$704,950

Total Directors

$603,450

Key Employees

$266,500

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY O'DELL	DIRECTOR	1.00	Director	$31,500	$0	$31,500
BERNARD BEAL	DIRECTOR	1.00	Director	$31,500	$0	$31,500
MARK WELLER	DIRECTOR	1.00	Director	$28,000	$0	$28,000
JASON GOLDBLATT	CEO AND CHAIRMAN	40.00	Officer Director	$393,450	$0	$393,450
JON SHIFFMAN	DIRECTOR	1.00	Director	$28,000	$0	$28,000
BENJAMIN M SOTO	DIRECTOR	1.00	Director	$31,500	$0	$31,500
CANDACE HERRING	DIRECTOR	1.00	Director	$28,000	$0	$28,000
GILEAD MORSE	DIRECTOR	1.00	Director	$31,500	$0	$31,500
TODD TRAVIS	PRESIDENT AND COO	40.00	Officer	$311,500	$0	$311,500
JANET CHARLTON	VICE PRESIDENT	40.00	Key Emp	$266,500	$0	$266,500

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	No data	No data	No data	No data
2023	$39,815,929	$11,619,943	$272,168,973	$28,195,986
2022	$72,340,809	$13,659,753	$310,474,052	$58,681,056
2021	$53,198,670	$10,949,658	$263,616,606	$42,249,012
2020	$19,403,648	$15,582,573	$241,916,741	$3,821,075
2019	$35,625,095	$18,773,712	$196,229,771	$16,851,383
2018	$19,640,053	$24,672,577	$180,353,578	$-5,032,524
2018	$19,640,053	$24,672,577	$180,353,578	$-5,032,524

NATIONAL FOUNDATION FOR AFFORDABLE HOUSING SOLUTIONS INC