JACKSONVILLE AFFORDABLE HOUSING THC INC

EIN: 593418189

Jacksonville, FL

Total Revenue
$825,468
Total Expenses
$934,415
Total Assets
$645,268
Net Assets
$554,556
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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
1996
Legal Domicile
FL
Principal Officer
MAX SUTER
Phone
9043566545
Tax Period
2021-01-01 to 2021-12-31

JACKSONVILLE AFFORDABLE HOUSING THC INC, founded in 1996, is a small nonprofit that reported $825K in total revenue in fiscal year 2021. Revenue decreased 16% compared to the prior year. Expenses of $934K exceeded revenue, resulting in a 13% operating deficit.

Mission

THE ORGANIZATION WAS FORMED TO ACQUIRE, RENOVATE AND MANAGE A 182 UNIT APARTMENT COMPLEX KNOWN AS KINGS RIDGE APARTMENTS WHICH PROVIDES CLEAN AND AFFORDABLE HOUSING TO LOW INCOME RESIDENTS OF JACKSONVILLE, FL.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $825,468
Investment Income $0
Other Revenue $0
TOTAL REVENUE $825,468

Expense Breakdown

Grants Paid $0
Salaries & Benefits $193,355
Fundraising Expenses $0
Other Expenses $741,060
TOTAL EXPENSES $934,415

Year-over-Year Comparison

2021 2020 Change
Revenue $825,468 $982,812 -0.2%
Expenses $934,415 $1,008,211 -0.1%
Net Income $-108,947 $-25,399 +3.3%
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

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Governance

Voting Members
2
Independent Members
1
Employees
12
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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAX SUTER CHAIRMAN/DIRECTOR 001.00
Officer Director
$0 $0 $0
J B RENNINGER SECRETARY/DIRECTOR 001.00
Officer 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
2021 $825,468 $934,415 $645,268 $-108,947
2020 $982,812 $1,008,211 $787,514 $-25,399
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