AHC INC (EIN 541026365) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1975

Legal Domicile

Principal Officer

PAUL BERNARD

Phone

7034860626

Tax Period

2023-01-01 to 2023-12-31

AHC Inc, founded in 1975, is a mid-sized nonprofit in the Housing & Shelter sector that reported $24.4M in total revenue in fiscal year 2016. Revenue decreased 12% compared to the prior year. Net assets of $103.8M represent 51 months of operating reserves.

Mission

AHC'S MISSION IS TO BUILD, PRESERVE AND PROVIDE HIGH QUALITY AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES AND INDIVIDUALS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,441,545

Program Service Revenue $31,098,218

Investment Income $873,813

Other Revenue $404,794

TOTAL REVENUE $37,818,370

Expense Breakdown

Grants Paid $361,572

Salaries & Benefits $9,841,018

Fundraising Expenses $445,304

Program Expenses $32,082,632

Other Expenses $26,646,129

TOTAL EXPENSES $36,906,034

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,818,370	$34,695,172	+0.1%
Expenses	$36,906,034	$36,255,851	+0.0%
Net Income	$912,336	$-1,560,679	-1.6%

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

350

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

$669,157

Total Directors

$366,911

Key Employees

$1,142,286

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL BERNARD	PRESIDENT & CEO	30.00	Officer Director	$346,604	$20,307	$366,911
TERRON SIMS	CHAIR	1.00	Officer Director	$0	$0	$0
HILLARY CHAPMAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CARLTON JENKINS	TREASURER	1.00	Officer Director	$0	$0	$0
JESSICA MAJANO-ARRIAZA	SECRETARY	1.00	Officer Director	$0	$0	$0
GUNNAR BRANSON	DIRECTOR	1.00	Director	$0	$0	$0
PARTRICK JORDON	DIRECTOR	1.00	Director	$0	$0	$0
GINGER BROWN	DIRECTOR	1.00	Director	$0	$0	$0
MANUEL OCHOA	DIRECTOR	1.00	Director	$0	$0	$0
TOM KLANDERMAN	DIRECTOR	1.00	Director	$0	$0	$0
ANDARGACHEW WOLDE	DIRECTOR	1.00	Director	$0	$0	$0
MILDRED MACK	DIRECTOR	1.00	Director	$0	$0	$0
TEDI OSIAS	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SCHUCHARD	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE KROCKER	DIRECTOR	1.00	Director	$0	$0	$0
STEVE YEATMAN	CFO	30.00	Officer	$268,397	$33,849	$302,246
ALAN GOLDSTEIN	VP, REAL ESTATE DEVELOPMENT	40.00	Key Emp	$268,075	$36,348	$304,423
EDITH LOUGHLIN	VP, ASSET MANAGEMENT	40.00	Key Emp	$206,467	$9,870	$216,337
SUSAN DAVIDSON	VICE PRESIDENT, RESIDENT SERVICES	40.00	Key Emp	$205,090	$22,480	$227,570
JENNIFER ENDO	VP, COMMUNITY RELATIONS	40.00	Key Emp	$195,474	$28,589	$224,063
KENNETH CRAWFORD	COO	40.00	Key Emp	$161,530	$8,363	$169,893
REGINA JACKSON	SENIOR CONTROLLER	40.00	Highest	$187,833	$21,329	$209,162
BELEN TOPACIO	VP, HUMAN RESOURCES	40.00	Highest	$171,247	$11,345	$182,592
MARLON MOORE	VP, CONSTRUCTION	40.00	Highest	$147,314	$12,200	$159,514
JENNIFER SMITH	COMMUNICATIONS DIRECTOR	40.00	Highest	$144,633	$3,960	$148,593
THOMAS WALLINGA	CONSTRUCTION MANAGER	40.00	Highest	$141,438	$18,617	$160,055
WALTER WEBDALE	FORMER PRESIDENT & CEO	40.00		$129,813	$0	$129,813

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	$37,818,370	$36,906,034	$323,354,742	$912,336
2023	$37,818,370	$36,906,034	$323,354,742	$912,336
2022	$34,695,172	$36,255,851	$323,468,241	$-1,560,679
2022	$34,695,172	$36,255,851	$323,468,241	$-1,560,679
2021	$42,099,106	$36,695,486	$323,696,231	$5,403,620
2020	$33,394,070	$29,309,420	$252,147,992	$4,084,650
2019	$30,272,184	$25,696,419	$246,239,006	$4,575,765
2018	$27,335,299	$25,000,125	$233,408,687	$2,335,174
2018	$27,335,299	$25,000,125	$233,408,687	$2,335,174
2017	$27,640,484	$24,337,266	$233,966,178	$3,303,218
2016	$24,401,349	$25,834,879	$240,671,591	$-1,433,530

AHC INC