Salem Baptist Church of Atlanta Housing Foundation INC (EIN 581568421) - 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

1984

Legal Domicile

Principal Officer

Janice Williams

Phone

8453567773

Tax Period

2024-01-01 to 2024-12-31

Salem Baptist Church of Atlanta Housing Foundation INC, founded in 1984, is a small nonprofit in the Housing & Shelter sector that reported $639K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $817K exceeded revenue, resulting in a 28% operating deficit.

Mission

Providing housing for elderly persons by operating a HUD-assisted apartment community regulated under Section 202 of the National Housing Act of 1959.

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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 $468,176

Program Service Revenue $166,416

Investment Income $4,047

Other Revenue $0

TOTAL REVENUE $638,639

Expense Breakdown

Grants Paid $0

Salaries & Benefits $149,083

Fundraising Expenses $0

Program Expenses $756,802

Other Expenses $668,387

TOTAL EXPENSES $817,470

Year-over-Year Comparison

	2024	2023	Change
Revenue	$638,639	$560,296	+0.1%
Expenses	$817,470	$558,386	+0.5%
Net Income	$-178,831	$1,910	-94.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rev Jasper W Williams Jr	President	2.0	Officer Director	$0	$0	$0
Rev Joseph L Williams	Vice President	2.0	Officer Director	$0	$0	$0
Janice Williams	Treasurer	2.0	Officer Director	$0	$0	$0
Latasha Davis	Secretary	2.0	Officer Director	$0	$0	$0
Winford Williams	Director	2.0	Director	$0	$0	$0
Phil Boyd	Director	2.0	Director	$0	$0	$0
Henry Hall	Director	2.0	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
2024	$638,639	$817,470	$1,352,807	$-178,831
2023	$560,296	$558,386	$1,382,951	$1,910
2022	$437,781	$474,402	$1,361,903	$-36,621
2021	$406,876	$457,780	$1,396,331	$-50,904
2020	$375,867	$417,741	$1,450,881	$-41,874

Salem Baptist Church of Atlanta Housing Foundation INC