RHGAFFORDABLE HOUSING III INC F/K/A RHA/AFFORDABLE HOUSING III INC (EIN 582440916) - 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

1999

Legal Domicile

Principal Officer

NATHAN FARMER

Phone

4045281799

Tax Period

2023-01-01 to 2023-12-31

RHGAFFORDABLE HOUSING III INC F/K/A RHA/AFFORDABLE HOUSING III INC, founded in 1999, is a micro nonprofit in the Housing & Shelter sector that reported $200 in total revenue in fiscal year 2023.

Mission

DEVELOPMENT, OWNERSHIP AND OPERATION OF LOW INCOME HOUSING FACILITIES

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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 $200

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	$200	N/A	N/A
Expenses	N/A	N/A	N/A
Net Income	N/A	$0	N/A

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

$4,581,418

Total Directors

$3,769,117

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
BRYANT G COATS	CEO/DIRECTOR	Officer Director	$0	$54,354	$1,961,359
CHASE NORTHCUTT	CO-CEO/PRESIDENT	Officer Director	$0	$77,764	$1,402,759
JOHN WEST	DIRECTOR	Director	$0	$0	$90,000
WILLIAM P WALKER	DIRECTOR	Director	$0	$0	$34,862
HOWARD OAKES	DIRECTOR	Director	$0	$0	$38,807
CHARLES NORTHCUTT	SECRETARY/DIRECTOR	Officer Director	$0	$0	$50,116
JOHN HAMILTON	DIRECTOR	Director	$0	$0	$42,760
JAMES D LOFTIN JR	DIRECTOR	Director	$0	$0	$41,356
ALISON DRUMMOND	DIRECTOR	Director	$0	$0	$58,611
BRUCE STREET	DIRECTOR	Director	$0	$0	$48,487
SAMIT PATEL	VICE PRESIDENT	Officer	$0	$48,820	$331,320
NATHAN FARMER	CHIEF FINANCIAL OFFICER	Officer	$0	$52,145	$579,145
SAMUEL COATS	VICE PRESIDENT - DEVELOPME	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	$200	No data	$200	No data
2022	No data	No data	No data	No data
2021	No data	No data	No data	No data
2020	No data	No data	No data	No data
2019	No data	No data	No data	No data
2018	No data	No data	No data	No data

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