CONTEMPORARY HOUSING ALTERNATIVES OF FLORIDA INC (EIN 593118700) - 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

1992

Legal Domicile

Principal Officer

TRACY MATER

Phone

7275221504

Tax Period

2024-01-01 to 2024-12-31

CONTEMPORARY HOUSING ALTERNATIVES OF FLORIDA INC, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $7.4M in total revenue in fiscal year 2024.

Mission

QUALITY AFFORDABLE HOUSING FOR LOW- AND MODERATE-INCOME PERSONS.

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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 $0

Program Service Revenue $7,490,321

Investment Income $-116,963

Other Revenue $0

TOTAL REVENUE $7,373,358

Expense Breakdown

Grants Paid $4,200

Salaries & Benefits $1,629,205

Fundraising Expenses $0

Program Expenses $7,080,316

Other Expenses $5,837,962

TOTAL EXPENSES $7,471,367

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,373,358	$6,874,188	+0.1%
Expenses	$7,471,367	$7,060,378	+0.1%
Net Income	$-98,009	$-186,190	-0.5%

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

$184,322

Total Directors

$2,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACY MATER	PRESIDENT	40.00	Officer	$164,067	$19,155	$183,222
ROBERT NOBLE	DIRECTOR OF MAINTENANCE	40.00	Highest	$102,687	$19,140	$121,827
DON BOGUE	CHAIRMAN	1.00	Officer Director	$300	$0	$300
JOHN ERIK SAVITSKY	VICE CHAIRMAN	1.00	Officer Director	$400	$0	$400
TAYLOR MONTGOMERY	SECRETARY/TREASURER	1.00	Officer Director	$400	$0	$400
MARGO ADAMS-REID	DIRECTOR	1.00	Director	$400	$0	$400
MARK LETTELLEIR	DIRECTOR	1.00	Director	$100	$0	$100
BRENT MCLEAN	DIRECTOR	1.00	Director	$400	$0	$400
VILENCIA TURNER	DIRECTOR	1.00	Director	$300	$0	$300
EDWINA MAXWELL	DIRECTOR (TERM END 4/29/24)	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	$7,373,358	$7,471,367	$42,694,429	$-98,009
2023	$6,874,188	$7,060,378	$42,493,401	$-186,190
2022	$6,937,932	$6,512,552	$43,380,741	$425,380
2021	$6,399,709	$6,176,885	$42,120,344	$222,824
2020	$4,999,077	$5,902,449	$43,525,003	$-903,372
2019	$5,231,929	$6,069,172	$43,690,916	$-837,243
2018	$6,719,927	$5,676,577	$43,497,992	$1,043,350

CONTEMPORARY HOUSING ALTERNATIVES OF FLORIDA INC