Foresight Affordable Housing of MD Inc (EIN 521962141) - 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

Tax Period

2021-01-01 to 2021-12-31

Foresight Affordable Housing of MD Inc, founded in 1996, is a micro nonprofit that reported $285 in total revenue in fiscal year 2021. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $5.5M exceeded revenue, resulting in a 1944782% operating deficit.

Mission

Foresight Affordable Housing of Maryland, Inc. was orginially formed to be a provider of affordable housing for a 207 unit community through funding from the Low Income Housing Preservation and Resident Homeownership Act of 1990. The asset was sold on January 13, 2015.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $285

Other Revenue $0

TOTAL REVENUE $285

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $5,542,915

TOTAL EXPENSES $5,542,915

Year-over-Year Comparison

	2021	2020	Change
Revenue	$285	$55,618	-1.0%
Expenses	$5,542,915	$860	+6444.3%
Net Income	$-5,542,630	$54,758	-102.2%

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

$155,693

Total Directors

$155,693

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Donald Reape	President	1.00	Officer Director	$0	$13,073	$92,798
Bruce Johnson	Vice President	1.00	Officer Director	$0	$13,061	$45,480
E James Henderson	SecretaryTreasurer	1.00	Officer Director	$0	$0	$17,415

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
2021	$285	$5,542,915	No data	$-5,542,630
2020	$55,618	$860	$5,542,630	$54,758
2019	$107,992	$2,811	$5,487,872	$105,181
2018	$126,105	$680	$5,382,691	$125,425

Foresight Affordable Housing of MD Inc