Affordable Housing Corporation (EIN 541773109) - 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

1996

Legal Domicile

Phone

7039386124

Tax Period

2023-01-01 to 2023-12-31

AFFORDABLE HOUSING CORPORATION, founded in 1996, is a community nonprofit in the Housing & Shelter sector that reported $1.9M in total revenue in fiscal year 2018. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $359K, a strong 19% operating margin.

Mission

THE ORGANIZATION WAS ORGANIZED AND IS OPERATED EXCLUSIVELY AS A CHARITABLE ORGANIZATION TO CONSTRUCT, DEVELOP, ACQUIRE, RENOVATE, MANAGE AND OPERATE LOW INCOME HOUSING FOR PERSONS OF LIMITED FINANCIAL MEANS, QUALIFIED HOUSING FOR MENTALLY AND PHYSICALLY DISABLED PERSONS, AND QUALIFIED HOUSING FOR ELDERLY PERSONS WITHIN THE UNITED STATES.

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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 $0

Program Service Revenue $0

Investment Income $617,848

Other Revenue $0

TOTAL REVENUE $617,848

Expense Breakdown

Grants Paid $55,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $58,909

Other Expenses $12,137

TOTAL EXPENSES $67,137

Year-over-Year Comparison

	2023	2022	Change
Revenue	$617,848	$808,482	-0.2%
Expenses	$67,137	$616,859	-0.9%
Net Income	$550,711	$191,623	+1.9%

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

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Secretary	7.0	Officer Director	$0	$0	$0
N/A	President	7.0	Officer Director	$0	$0	$0
N/A	Director	7.0	Director	$0	$0	$0

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
2023	$617,848	$67,137	$17,039,842	$550,711
2022	$808,482	$616,859	$15,893,155	$191,623
2021	$784,702	$885,639	$19,096,201	$-100,937
2020	$15,430,072	$1,076,225	$19,917,593	$14,353,847
2019	$2,041,882	$1,443,517	$9,289,942	$598,365
2018	$1,912,398	$1,553,159	$8,412,504	$359,239

Affordable Housing Corporation