MOF - PRESERVATION OF AFFORDABILITY CORP (EIN 562444917) - 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

2004

Legal Domicile

Principal Officer

RICHARD HAMLET

Phone

9016845556

Tax Period

2024-01-01 to 2024-12-31

MOF - PRESERVATION OF AFFORDABILITY CORP, founded in 2004, is a community nonprofit in the Housing & Shelter sector that reported $7.2M in total revenue in fiscal year 2024. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $12.4M exceeded revenue, resulting in a 72% operating deficit.

Mission

DEVELOP AND OPERATE LOW-MODERATE INCOME HOUSING NATIONWIDE AS A PART OF THE PARENT'S CHARITABLE OUTREACH/SOCIAL SERVICES PLAN

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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 $3,064,700

Program Service Revenue $8,721,779

Investment Income $-4,607,410

Other Revenue $0

TOTAL REVENUE $7,179,069

Expense Breakdown

Grants Paid $47,701

Salaries & Benefits $1,423,185

Fundraising Expenses $0

Program Expenses $11,672,527

Other Expenses $10,904,315

TOTAL EXPENSES $12,375,201

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,179,069	$20,242,196	-0.6%
Expenses	$12,375,201	$17,154,262	-0.3%
Net Income	$-5,196,132	$3,087,934	-2.7%

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

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

$98,787

Total Directors

$117,454

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD HAMLET	PRESIDENT	25.00	Officer Director	$0	$83,318	$98,787
PHILIP ROBERTS	DIRECTOR	1.00	Director	$0	$18,667	$18,667
THOMAS STOVALL	DIRECTOR	1.00	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	$7,179,069	$12,375,201	$36,456,836	$-5,196,132
2023	$20,242,196	$17,154,262	$56,421,307	$3,087,934
2022	$59,402,793	$15,704,784	$52,907,364	$43,698,009
2021	$61,495,964	$49,825,036	$98,746,932	$11,670,928
2020	$49,111,075	$56,732,882	$164,267,504	$-7,621,807
2019	$59,740,971	$60,583,758	$198,151,938	$-842,787
2018	$104,726,527	$115,335,490	$242,003,440	$-10,608,963

MOF - PRESERVATION OF AFFORDABILITY CORP