Community Affordable Housing Equity Corporation (EIN 561805915) - 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

1992

Legal Domicile

Phone

9194200063

Tax Period

2024-01-01 to 2024-12-31

Community Affordable Housing Equity Corporation, founded in 1992, is a mid-sized nonprofit in the Housing & Shelter sector that reported $17.8M in total revenue in fiscal year 2024. Revenue surged 73% from the prior year, signaling strong growth momentum. Expenses of $17.0M left a modest 4% surplus.

Mission

Promote affordable housing and communities for the benefit of low/moderate-income population.

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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 (2024)

Revenue Breakdown

Contributions & Grants $187,803

Program Service Revenue $17,354,976

Investment Income $214,425

Other Revenue $0

TOTAL REVENUE $17,757,204

Expense Breakdown

Grants Paid $207,518

Salaries & Benefits $10,914,694

Fundraising Expenses $0

Program Expenses $15,677,088

Other Expenses $5,907,802

TOTAL EXPENSES $17,030,014

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,757,204	$10,248,278	+0.7%
Expenses	$17,030,014	$14,733,274	+0.2%
Net Income	$727,190	$-4,484,996	-1.2%

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

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

$2,144,071

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andrew Bowden	Board Member	1.0	Director	$0	$0	$0
Anne Conner	Chairman of the Board	1.0	Director	$0	$0	$0
John Rucker	Board Member	1.0	Director	$0	$0	$0
Keith Nisbet	Board Member	1.0	Director	$0	$0	$0
Margaret Penn	Secretary & Treasurer	1.0	Director	$0	$0	$0
Nate Barber	Vice Chair	1.0	Director	$0	$0	$0
Scott Selig	Board Member	1.0	Director	$0	$0	$0
Stephen O'Connor	Board Member	1.0	Director	$0	$0	$0
William Turner	Board Member	1.0	Director	$0	$0	$0
Dana Boole	President and CEO	40.0	Officer	$705,268	$49,599	$754,867
Erin Griffin	Chief Financial Officer	40.0	Officer	$343,478	$57,999	$401,477
Robert Landis	Sr. Vice President	40.0	Officer	$238,694	$25,305	$263,999
Sonya Prear	Vice President	40.0	Officer	$297,396	$52,479	$349,875
William Mayo	Vice President	40.0	Officer	$314,139	$59,714	$373,853
Amy Mallory	Manager, Fund Management	40.0	Highest	$242,297	$42,482	$284,779
Brian Oxford	Manager, Community Capital	40.0	Highest	$242,911	$51,874	$294,785
George Baker	VP, CAHEC Properties Corp.	40.0	Highest	$270,108	$40,763	$310,871
Joseph Erdelyi	Manager, Risk Management	40.0	Highest	$189,363	$27,742	$217,105
Marcus Gipner	Manager, Fund Development	40.0	Highest	$264,175	$41,261	$305,436

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	$17,757,204	$17,030,014	$28,274,760	$727,190
2023	$10,248,278	$14,733,274	$29,897,037	$-4,484,996
2022	$13,277,781	$13,847,624	$32,501,366	$-569,843
2021	$11,307,712	$11,557,173	$30,228,876	$-249,461
2020	$11,268,243	$11,188,617	$30,170,331	$79,626
2019	$12,166,185	$11,926,255	$29,784,870	$239,930
2018	$10,825,979	$10,777,305	$28,706,444	$48,674

Community Affordable Housing Equity Corporation