RHGAFFORDABLE HOUSING II INC F/K/A RHA/AFFORDABLE HOUSING II INC

EIN: 582392012 501(c)(3) Housing & Shelter

ATLANTA, GA

Total Revenue
$19,179,371
Total Expenses
$17,337,999
Total Assets
$7,093,580
Net Assets
$-799,376
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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
1998
Legal Domicile
GA
Principal Officer
NATHAN FARMER
Phone
4049682656
Tax Period
2023-01-01 to 2023-12-31

RHGAFFORDABLE HOUSING II INC F/K/A RHA/AFFORDABLE HOUSING II INC, founded in 1998, is a mid-sized nonprofit in the Housing & Shelter sector that reported $19.2M in total revenue in fiscal year 2023. Revenue surged 519% from the prior year, signaling strong growth momentum. Expenses of $17.3M left a modest 10% surplus.

Mission

TO DEVELOP, OWN, AND OPERATE LOW-INCOME HOUSING FACILITIES; AND TO PERFORM ALL OTHER ACTS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,201,600
Investment Income $15,977,771
Other Revenue $0
TOTAL REVENUE $19,179,371

Expense Breakdown

Grants Paid $13,899,860
Salaries & Benefits $502,898
Fundraising Expenses $0
Program Expenses $17,337,999
Other Expenses $2,935,241
TOTAL EXPENSES $17,337,999

Year-over-Year Comparison

2023 2022 Change
Revenue $19,179,371 $3,096,284 +5.2%
Expenses $17,337,999 $3,468,610 +4.0%
Net Income $1,841,372 $-372,326 -5.9%
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

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Governance

Voting Members
10
Independent Members
7
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
6
$4,581,418
Total Directors
10
$3,769,117
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRYANT G COATS CEO/DIRECTOR 1.20
Officer Director
$0 $54,354 $1,961,359
CHASE NORTHCUTT PRESIDENT 2.00
Officer Director
$0 $77,764 $1,402,759
JOHN WEST DIRECTOR 0.10
Director
$0 $0 $90,000
WILLIAM P WALKER DIRECTOR 0.10
Director
$0 $0 $34,862
HOWARD OAKES DIRECTOR 0.10
Director
$0 $0 $38,807
CHARLES NORTHCUTT SECRETARY/DIRECTOR 0.10
Officer Director
$0 $0 $50,116
JOHN HAMILTON DIRECTOR 0.10
Director
$0 $0 $42,760
JAMES D LOFTIN JR DIRECTOR 0.10
Director
$0 $0 $41,356
ALISON DRUMMOND DIRECTOR 0.10
Director
$0 $0 $58,611
BRUCE STREET DIRECTOR 0.10
Director
$0 $0 $48,487
SAMIT PATEL VICE PRESIDENT 2.00
Officer
$0 $48,820 $331,320
NATHAN FARMER CHIEF FINANCIAL OFFICER 1.10
Officer
$0 $52,145 $579,145
SAMUEL COATS VICE PRESIDENT - DEVELOPME 2.00
Officer
$0 $49,219 $256,719
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 No data No data No data No data
2023 $19,179,371 $17,337,999 $7,093,580 $1,841,372
2022 $3,096,284 $3,468,610 $13,329,785 $-372,326
2021 $7,175,901 $4,386,127 $13,550,062 $2,789,774
2020 $4,587,942 $4,912,453 $17,590,089 $-324,511
2019 $4,407,858 $4,554,475 $17,760,976 $-146,617
2018 $4,348,193 $5,032,960 $18,204,973 $-684,767
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