ACT AFFORDABLE HOUSING INC (EIN 521893754) - 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

1996

Legal Domicile

Principal Officer

RICHARD BURNS

Phone

6463364940

Tax Period

2023-01-01 to 2023-12-31

ACT AFFORDABLE HOUSING INC, founded in 1996, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 249% from the prior year, signaling strong growth momentum. The organization ran a surplus of $895K, a strong 63% operating margin.

Mission

TO PROVIDE FOR THE ACQUISITION, DEVELOPMENT, OWNERSHIP, AND OPERATION OF 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,017,311

Program Service Revenue $409,591

Investment Income $309

Other Revenue $0

TOTAL REVENUE $1,427,211

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,070

Fundraising Expenses $0

Program Expenses $492,797

Other Expenses $506,240

TOTAL EXPENSES $532,310

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,427,211	$409,160	+2.5%
Expenses	$532,310	$495,288	+0.1%
Net Income	$894,901	$-86,128	-11.4%

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

N/A

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

$3,087,612

Total Directors

$1,375,939

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH P WIEDORFER	BOARD MEMBER / VICE PRESID	1.00	Officer Director	$0	$21,122	$350,737
RICHARD F BURNS	BOARD MEMBER / PRESIDENT	1.00	Officer Director	$0	$17,654	$717,652
THOMAS G VACCARO	BOARD MEMBER / SECRETARY	1.00	Officer Director	$0	$33,896	$307,550
ALLA A ELEON	TREASURER	1.00	Officer	$0	$24,598	$349,021
CARLOS A GONZALES	VICE PRESIDENT	1.00	Officer	$0	$0	$295,906
ERIC W PRICE	VICE PRESIDENT	1.00	Officer	$0	$0	$499,038
STEPHEN M GREEN	VICE PRESIDENT	1.00	Officer	$0	$37,708	$567,708

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	$1,427,211	$532,310	$2,809,230	$894,901
2022	$409,160	$495,288	$1,619,812	$-86,128
2021	$424,778	$443,969	$1,710,631	$-19,191
2020	$384,662	$465,863	$1,755,730	$-81,201
2019	$377,361	$480,486	$1,814,311	$-103,125
2018	$368,050	$490,739	$1,936,378	$-122,689

ACT AFFORDABLE HOUSING INC