AFFORDABLE HOUSING INSTITUTE INC (EIN 593223001) - 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

1993

Legal Domicile

Principal Officer

BRYAN HARTNETT

Phone

7045751268

Tax Period

2023-01-01 to 2023-12-31

AFFORDABLE HOUSING INSTITUTE INC, founded in 1993, is a community nonprofit in the Human Services sector that reported $4.8M in total revenue in fiscal year 2023. Revenue surged 411% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.5M, a strong 73% operating margin.

Mission

LESSENING THE BURDENS OF GOVERNMENT BY PROVIDING HOUSING FOR FINANCIALLY DISTRESSED SENIORS.

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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 $2,850,000

Program Service Revenue $1,355,842

Investment Income $833

Other Revenue $593,968

TOTAL REVENUE $4,800,643

Expense Breakdown

Grants Paid $3,850

Salaries & Benefits $762,505

Fundraising Expenses $0

Program Expenses $1,062,813

Other Expenses $536,636

TOTAL EXPENSES $1,302,991

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,800,643	$939,320	+4.1%
Expenses	$1,302,991	$998,717	+0.3%
Net Income	$3,497,652	$-59,397	-59.9%

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

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

$710,000

Total Directors

$515,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRYAN HARTNETT	PRESIDENT	40.00	Officer Director	$515,000	$0	$515,000
ELIZABETH R HARNETT	DIRECTOR	1.00	Director	$0	$0	$0
JILL C HARTNETT	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT C HARTNETT	VICE PRES	40.00	Officer	$195,000	$0	$195,000

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	$4,800,643	$1,302,991	$5,135,353	$3,497,652
2022	$939,320	$998,717	$1,563,903	$-59,397
2021	$1,123,892	$889,285	$1,595,981	$234,607
2020	$1,201,259	$682,581	$1,261,377	$518,678
2019	$405,585	$433,918	$792,810	$-28,333
2018	$307,365	$354,235	$820,464	$-46,870

AFFORDABLE HOUSING INSTITUTE INC