AFFORDABLE HOUSING INSTITUTE INC

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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

AFFORDABLE HOUSING INSTITUTE, INC. IDENTIFIES OPPORTUNIITIES TO DEVELOP, REHABILITATE AND PRESERVE AFFORDABLE HOUSING COMMUNIITIES TO PROVIDE QUALITY HOUSING TO RESIDENTS WITH LIMITED INCOME ACROSS THE UNITED STATES

Program Service Accomplishments

Program 1

Revenue: $593,894

THE ORGANIZATION OWNS GENERAL PARTNERSHIP INTERESTS IN SEVERAL AFFORDABLE HOUSING PARTNERSHIPS THAT IT ACTIVELY MANAGES.ITS LARGEST SINGLE AFFORDABLE HOUSING EFFORT IS LANDINGS AT SEA FOREST IN PASCO COUNTY, FL. THIS PROPERTY IS A SENIOR CITIZEN COMMUNITY WITH 60% OF THE UNITS SET ASIDE FOR PERSONS WITH 60% OR LESS OF THE AVERAGE MEDIAN INCOME. THE ORGANIZATION OWNS A GENERAL PARTNERSHIP INTEREST IN THIS PROPERTY WITH AN 80% ECONOMIC INTEREST IN THE PROPERTY.THE ORGANIZATION ALSO OWNS GENERAL PARTNERSHIP INTERESTS IN SEVERAL OTHER AFFORDABLE HOUSING COMMUNITIES

Program 2

Expenses: $1,062,813 Revenue: $1,170,134

THE ORGANIZATION PROVIDES CONSULTING AND MANAGEMENT SERVICES TO AFFORDABLE HOUSING COMMUNITIES. THE ORGANZIATON RECEIVES CONSULTING, DEVELOPMENT AND MANAGEMENT FEES FROM THESE AFFORDABLE HOUSING...

THE ORGANIZATION PROVIDES CONSULTING AND MANAGEMENT SERVICES TO AFFORDABLE HOUSING COMMUNITIES. THE ORGANZIATON RECEIVES CONSULTING, DEVELOPMENT AND MANAGEMENT FEES FROM THESE AFFORDABLE HOUSING COMMUNIITIES AS A RESULT OF ITS EFFORTS IN DEVELOPING AND MANAGING THESE COMMUNITIES.

Program 3

Revenue: $185,708

AFFORDABLE HOUSING INSITUTE, INC. SEEKS OPPORTUNITITES TO DEVELOP NEW AFFORDABLE HOUSING COMMUNITIES AS WELL AS REHABILITATE AND PRESERVE EXISTING AFFORDABLE HOUSING COMMUNITIES. IN CONNECTION WITH THESE EFFORTS, THE ORGANIZATION RECEIVES LEASE REVENUE FROM LAND USED BY CERTAIN OF THESE AFFORDABLE HOUSING COMMUNITIES.

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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