CHARLOTTESVILLE, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ALBEMARLE HOUSING IMPROVEMENT PROGRAM INC is a community nonprofit in the Housing & Shelter sector that reported $3.0M in total revenue in fiscal year 2017. Expenses of $3.5M exceeded revenue, resulting in a 14% operating deficit.
ALBEMARLE HOUSING IMPROVEMENT PROGRAM (AHIP) IS A NON-PROFIT, STATE LICENSED CLASS-A CONTRACTOR WHO COMPLETES CRITICAL REPAIRS, ENERGY EFFICIENT UPGRADES, SAFETY AND ACCESSIBILITY MODIFICATIONS, AND TOTAL HOME REHABS. OUR MISSION IS TO ENSURE SAFE AND AFFORDABLE HOMES FOR OUR NEIGHBORS IN NEED. SINCE 1976, WE HAVE SERVED MORE THAN 4,700 HOUSEHOLDS IN OUR COMMUNITY. NEARLY A TENTH OF CHARLOTTESVILLE AND ALBEMARLE HOMEOWNERS ARE SEVERELY COST BURDENED. THIS MEANS THAT CRITICAL REPAIRS INCLUDING HVAC, ROOFING, PLUMBING, ELECTRICAL, AND STRUCTURAL REPAIRS ARE BEYOND REACH. BY PROVIDING REPAIR SERVICES TO INCOME-ELIGIBLE HOMEOWNERS, WE CAN PRESERVE THE HOUSES IN THE NEIGHBORHOODS THAT MAKE UP OUR VIBRANT COMMUNITY. HOME REPAIRS PRESERVE OUR CLIENTS GREATEST ASSET, THEIR HOME, AND HELPS BUILD GENERATIONAL WEALTH. HOUSING REPAIRS ALSO POSITIVELY AFFECT PHYSICAL AND MENTAL HEALTH AND ACCESSIBILITY MODIFICATIONS ENSURE THAT OUR SENIOR CLIENTS CAN AGE IN PLACE SAFELY WITH DIGNITY.
Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $2,323,516 | $2,550,584 | -0.1% |
| Expenses | $2,117,346 | $2,340,006 | -0.1% |
| Net Income | $206,170 | $210,578 | 0.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KRISTIN SZAKOS | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| WAKI WYNN | VICE PRESIDE | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARGARET ANDERSON | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| FELICE BOLING-KEY | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| STEPHEN MURPHY | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SUZANNE MORSE MOOMAW PHD | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CARMELITA WOOD | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CHARLEY LEWIS | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KIM VAN SAVAGE | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CORY DEMCHAK | EXECUTIVE DI | 40.00 |
Officer
|
$103,943 | $13,908 | $117,851 |
| CRAIG KAISER | CFO | 40.00 |
Officer
|
$77,891 | $13,891 | $91,782 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $2,323,516 | $2,117,346 | $7,988,172 | $206,170 |
| 2024 | $2,550,584 | $2,340,006 | $7,515,575 | $210,578 |
| 2023 | $2,998,331 | $1,965,142 | $7,067,130 | $1,033,189 |
| 2022 | $2,349,511 | $2,177,831 | $5,952,367 | $171,680 |
| 2021 | $5,756,026 | $2,270,941 | $5,877,628 | $3,485,085 |
| 2020 | $3,120,764 | $2,702,139 | $2,958,040 | $418,625 |
| 2019 | $3,174,379 | $3,548,718 | $2,164,322 | $-374,339 |
| 2018 | $3,037,195 | $3,474,583 | $2,301,850 | $-437,388 |
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