ABILITY HOUSING INC (EIN 593087085) - 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

SHANNON NAZWORTH

Phone

9043599650

Tax Period

2024-01-01 to 2024-12-31

ABILITY HOUSING INC, founded in 1991, is a mid-sized nonprofit in the Health Care sector that reported $14.9M in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.4M, a strong 29% operating margin.

Mission

THE MISSION OF ABILITY HOUSING IS TO BUILD FLOURISHING COMMUNITIES WHERE EVERYONE HAS A HOME. ITS VISION IS A SOCIETY WHERE HOUSING IS A RIGHT, NOT A PRIVILEGE; AND ALL INDIVIDUALS HAVE SAFE, AFFORDABLE HOUSING IN VIBRANT COMMUNITIES. IT WORKS TO ACHIEVE THIS VISION BY DEVELOPING AND OPERATING QUALITY AFFORDABLE RENTAL AND SUPPORTIVE HOUSING AND OFFERING INDIVIDUALIZED SUPPORT SERVICES TO ALL RESIDENTS.

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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 $9,260,020

Program Service Revenue $3,835,133

Investment Income $435,810

Other Revenue $1,408,416

TOTAL REVENUE $14,939,379

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,970,491

Fundraising Expenses $281,091

Program Expenses $9,847,434

Other Expenses $7,595,289

TOTAL EXPENSES $10,565,780

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,939,379	$8,470,374	+0.8%
Expenses	$10,565,780	$8,235,776	+0.3%
Net Income	$4,373,599	$234,598	+17.6%

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

$188,484

Total Directors

$188,484

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG MATOVINA	DIRECTOR	5.00	Officer Director	$0	$0	$0
MICHAEL GRIFFIN	CHAIRMAN	5.00	Officer Director	$0	$0	$0
JAKE PEEK	DIRECTOR	5.00	Officer Director	$0	$0	$0
DAVIS MCCARTY	DIRECTOR	5.00	Director	$0	$0	$0
SHANNON NAZWORTH	PRESIDENT & TREASURER	40.00	Officer Director	$188,484	$0	$188,484
MARY KAY O'ROURKE	DIRECTOR	5.00	Director	$0	$0	$0
BELVIN PERRY JR	DIRECTOR	5.00	Director	$0	$0	$0
TIFFANY ADAMS	SECRETARY	5.00	Director	$0	$0	$0
REGGIE FULLWOOD	VICE CHAIRMAN	5.00	Director	$0	$0	$0
DAMIEN HAITSUKA	DIRECTOR	5.00	Director	$0	$0	$0
SHELLY KOBB	DIRECTOR	5.00	Director	$0	$0	$0
ELLEN ROGERS	DIRECTOR	5.00	Director	$0	$0	$0
MELLISSA SLOVER-ATHEY	DIRECTOR	5.00	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	$14,939,379	$10,565,780	$39,464,876	$4,373,599
2023	$8,470,374	$8,235,776	$41,270,083	$234,598
2022	$7,322,901	$7,007,854	$35,873,008	$315,047
2021	$8,796,882	$6,289,537	$32,166,951	$2,507,345
2020	$6,906,808	$5,822,938	$27,947,385	$1,083,870
2019	$5,443,155	$4,828,508	$23,164,892	$614,647
2019	$5,443,155	$4,828,508	$23,164,892	$614,647
2018	$4,342,260	$4,363,822	$20,870,005	$-21,562

ABILITY HOUSING INC