ASHEVILLE ASSISTED HOUSING INC (EIN 561478458) - 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

1985

Legal Domicile

Principal Officer

RAYNETTA WATERS

Phone

8282581222

Tax Period

2023-01-01 to 2023-12-31

ASHEVILLE ASSISTED HOUSING INC, founded in 1985, is a community nonprofit in the Housing & Shelter sector that reported $2.4M in total revenue in fiscal year 2023. The organization ran a surplus of $452K, a strong 19% operating margin.

Mission

PROVISION OF AFFORDABLE HOUSING FOR LOW INCOME ELDERLY

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,543,053

Program Service Revenue $879,152

Investment Income $0

Other Revenue $8,230

TOTAL REVENUE $2,430,435

Expense Breakdown

Grants Paid $0

Salaries & Benefits $357,229

Fundraising Expenses $0

Program Expenses $1,833,097

Other Expenses $1,620,792

TOTAL EXPENSES $1,978,021

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,430,435	$2,271,585	+0.1%
Expenses	$1,978,021	$2,746,441	-0.3%
Net Income	$452,414	$-474,856	-2.0%

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

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

$172,676

Total Directors

$172,676

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MONIQUE PIERRE	SECRETARY-TREASURER	0.50	Officer Director	$0	$25,913	$172,676
RAYNETTA WATERS	PRESIDENT	0.10	Officer Director	$0	$0	$0
ROY HARRIS	VICE PRESIDENT	0.10	Officer 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
2024	No data	No data	No data	No data
2023	$2,430,435	$1,978,021	$5,722,144	$452,414
2022	$2,271,585	$2,746,441	$5,051,414	$-474,856
2021	$2,179,210	$3,255,618	$5,643,953	$-1,076,408
2020	$2,227,521	$1,887,068	$6,701,959	$340,453
2019	$2,178,895	$1,739,368	$6,025,976	$439,527

ASHEVILLE ASSISTED HOUSING INC