SOUTH FULTON AFFORDABLE HOUSING DEVELOPM (EIN 582298246) - 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

2011

Legal Domicile

Principal Officer

DR RILEY R SWANSON

Phone

8778295500

Tax Period

2023-07-01 to 2024-06-30

SOUTH FULTON AFFORDABLE HOUSING DEVELOPM, founded in 2011, is a small nonprofit in the Housing & Shelter sector that reported $126K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $279K exceeded revenue, resulting in a 122% operating deficit.

Mission

THE CORPORATION TO PROVIDE SAFE, DECENT, SANITARY, AFFORDABLE HOUSING TO VERY LOW, LOW, AND MODERATE INCOME RESIDENTS INCLUDING FAMILIES, ELDERLY, DISABLED, AND HANDICAPPED PERSONS AND TO PROVIDE REDEVELOPMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $124,218

Investment Income $0

Other Revenue $1,334

TOTAL REVENUE $125,552

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,326

Fundraising Expenses $0

Program Expenses $229,505

Other Expenses $228,365

TOTAL EXPENSES $278,691

Year-over-Year Comparison

	2023	2022	Change
Revenue	$125,552	$146,359	-0.1%
Expenses	$278,691	$302,022	-0.1%
Net Income	$-153,139	$-155,663	0.0%

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

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

$167,699

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RALPH HODGINS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ALTHEA MORRIS	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAVID WHITE	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN MCQUEEN	DIRECTOR	1.00	Director	$0	$0	$0
STACIE WALKER	DIRECTOR	1.00	Director	$0	$0	$0
CHELSEA WALKER	EXECUTIVE DIRECTOR	1.00	Officer	$0	$47,892	$167,699

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	No data	No data	No data	No data
2024	$125,552	$278,691	$795,078	$-153,139
2023	$146,359	$302,022	$951,238	$-155,663
2022	$124,114	$303,520	$1,108,798	$-179,406
2021	$118,508	$251,454	$1,289,825	$-132,946
2020	$131,815	$274,344	$1,428,515	$-142,529

SOUTH FULTON AFFORDABLE HOUSING DEVELOPM