Georgia Association of Housing and Redevelopment Authorities (EIN 581210687) - 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

1974

Legal Domicile

Principal Officer

Douglas Freeman

Phone

7063123115

Tax Period

2024-10-01 to 2025-09-30

Georgia Association of Housing and Redevelopment Authorities, founded in 1974, is a small nonprofit that reported $662K in total revenue in fiscal year 2024. Expenses of $620K left a modest 6% surplus.

Mission

To foster and promote the interest of public housing and redevelopment in the State of Georgia and thereby promote the good and general welfare of low income families in Georgia

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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 $109,596

Program Service Revenue $541,115

Investment Income $8,894

Other Revenue $2,000

TOTAL REVENUE $661,605

Expense Breakdown

Grants Paid $26,935

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $592,596

TOTAL EXPENSES $619,531

Year-over-Year Comparison

	2024	2023	Change
Revenue	$661,605	$639,512	+0.0%
Expenses	$619,531	$572,974	+0.1%
Net Income	$42,074	$66,538	-0.4%

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
RICHARD REITER	VP Housing and Redev	10.00	Officer	$0	$0	$0
CANDICE DRAKE	Past President	10.00	Officer	$0	$0	$0
DOUGLAS FREEMAN	President	10.00	Officer	$0	$0	$0
SHANNON KIGHT	Secretary	10.00	Officer	$0	$0	$0
KEVIN PRICE	VP Legislation and Reg	10.00	Officer	$0	$0	$0
PATRICIA ALLEN	Senior Vice President	10.00	Officer	$0	$0	$0
GEORGE EDGE	VP Member Services	10.00	Officer	$0	$0	$0
BETH BROWN	VP Professional Dev	10.00	Officer	$0	$0	$0
RANDELL WIGGINS JR	Treasurer	10.00	Officer	$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
2025	$661,605	$619,531	$596,239	$42,074
2024	$639,512	$572,974	$737,926	$66,538
2023	$546,656	$599,199	$479,782	$-52,543
2022	$521,888	$490,065	$549,082	$31,823
2021	$360,211	$352,295	$515,053	$7,916
2020	$87,845	$116,458	$505,978	$-28,613
2019	$500,793	$472,120	$525,911	$28,673
2018	$526,776	$451,145	$512,731	$75,631

Georgia Association of Housing and Redevelopment Authorities