INITIATIVE FOR AFFORDABLE HOUSING INC (EIN 581932474) - 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

1991

Legal Domicile

Principal Officer

LEN AL HAAS

Phone

4042999979

Tax Period

2024-01-01 to 2024-12-31

INITIATIVE FOR AFFORDABLE HOUSING INC, founded in 1991, is a community nonprofit in the Housing & Shelter sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. Expenses of $2.7M exceeded revenue, resulting in a 48% operating deficit.

Mission

PROVIDING AFFORDABLE LOW-INCOME FAMILY HOUSING, ASSISTANCE FOR HOMELESS FAMILIES, AND AN EMPLOYMENT TRAINING PROGRAM.

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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 $147,633

Program Service Revenue $1,664,335

Investment Income $20,831

Other Revenue $0

TOTAL REVENUE $1,832,799

Expense Breakdown

Grants Paid $0

Salaries & Benefits $596,563

Fundraising Expenses $0

Program Expenses $2,446,128

Other Expenses $2,115,814

TOTAL EXPENSES $2,712,377

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,832,799	$1,040,321	+0.8%
Expenses	$2,712,377	$1,331,844	+1.0%
Net Income	$-879,578	$-291,523	+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

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
BRENT ADAMS	SECRETARY	1.00	Officer Director	$0	$0	$0
ERIC BLOOMQUIST	DIRECTOR	1.00	Director	$0	$0	$0
CASSIE BRANUM	DIRECTOR	1.00	Director	$0	$0	$0
LASHUNDA CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
BILL CRANE	DIRECTOR	1.00	Director	$0	$0	$0
R DANIEL DOUGLASS	PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIKA D ESTRADA	TREASURER	1.00	Officer Director	$0	$0	$0
AUDREY GALEX	DIRECTOR	1.00	Director	$0	$0	$0
ANTOINETTE M GOVAN	DIRECTOR	1.00	Director	$0	$0	$0
JULIE HOWER	DIRECTOR	1.00	Director	$0	$0	$0
SARAH H HUMPHREY	DIRECTOR	1.00	Director	$0	$0	$0
WALTER L BOOTH JR	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA FAYE MANROW	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP A OUELLETTE	DIRECTOR	1.00	Director	$0	$0	$0
TALBERT THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE C WESTON	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	$1,832,799	$2,712,377	$4,922,038	$-879,578
2023	$4,476,374	$2,313,518	$5,294,979	$2,162,856
2023	$1,040,321	$1,331,844	$6,022,235	$-291,523
2022	$2,138,243	$2,435,253	$5,957,478	$-297,010
2021	$2,265,440	$2,232,639	$6,271,972	$32,801
2020	$2,534,858	$2,121,673	$7,977,043	$413,185
2019	$2,375,969	$2,004,037	$6,086,664	$371,932
2018	$1,822,615	$2,034,042	$5,929,766	$-211,427

INITIATIVE FOR AFFORDABLE HOUSING INC