AMERICAN FOUNDATION FOR AFFORDABLE HOUSING (KINGSPORT) INC

EIN: 522151246 501(c)(3) Housing & Shelter

WILLIAMSBURG, VA

Total Revenue
$98,632
Total Expenses
$656,915
Total Assets
$2,412,329
Net Assets
$2,412,329
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
VA
Principal Officer
NORMAN B GOLD
Phone
9175726902
Tax Period
2023-01-01 to 2023-12-31

Mission

MISSION IS TO CREATE STRONG , SUBSTAINABLE , INCLUSIVE COMMUNITIES AND PROVIDE QUALITY AFFORDABLE HOUSING TO THE ELDERLY AND ECONOMICALLY DISADVANTAGED.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $98,632
Investment Income $0
Other Revenue $0
TOTAL REVENUE $98,632

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $656,915
Other Expenses $656,915
TOTAL EXPENSES $656,915

Year-over-Year Comparison

2023 2022 Change
Revenue $98,632 $116,024 -0.1%
Expenses $656,915 $610,015 +0.1%
Net Income $-558,283 $-493,991 +0.1%
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
3
Independent Members
2
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
$144,900
Total Directors
3
$144,900
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
B HUNT WHITBECK JR EXECUTIVE DI 1.00
Officer Director
$0 $0 $72,900
DONALD ALLISON VICE PRESIDE 1.00
Officer Director
$0 $0 $36,000
NORMAN B GOLD PRESIDENT 1.00
Officer Director
$0 $0 $36,000
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 $98,632 $656,915 $2,412,329 $-558,283
2022 $116,024 $610,015 $2,970,612 $-493,991
2021 $143,383 $598,461 $3,464,603 $-455,078
2020 $149,306 $587,508 $3,919,681 $-438,202
2019 $152,875 No data $4,357,883 No data
2018 No data No data $4,205,008 No data
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