BLUEGRASS AFFORDABLE HOUSING ASSOCIATION

EIN: 611319045 501(c)(3) Housing & Shelter

LEXINGTON, KY

Total Revenue
$5,874
Total Expenses
$6,091
Total Assets
$571,063
Net Assets
$-16,651
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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
1997
Legal Domicile
KY
Principal Officer
KEVIN R SMITH
Phone
8592310054
Tax Period
2019-07-01 to 2020-06-30

BLUEGRASS AFFORDABLE HOUSING ASSOCIATION, founded in 1997, is a micro nonprofit in the Housing & Shelter sector that reported $6K in total revenue in fiscal year 2019. Revenue fell 33% from the prior year — a significant decline worth monitoring.

Mission

TO REVITALIZE THE COMMUNITY BY PROVIDING AFFORDABLE HOME LOANS TO LOW INCOME INDIVIDUALS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,874
Investment Income $0
Other Revenue $0
TOTAL REVENUE $5,874

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $6,091
Other Expenses $6,091
TOTAL EXPENSES $6,091

Year-over-Year Comparison

2019 2018 Change
Revenue $5,874 $8,815 -0.3%
Expenses $6,091 $9,137 -0.3%
Net Income $-217 $-322 -0.3%
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
3
Independent Members
3
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
2
$436,820
Total Directors
3
$436,820
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN R SMITH TREASURER 0.50
Officer Director
$0 $41,203 $265,481
BRENDA WEAVER PRESIDENT 0.50
Officer Director
$0 $19,379 $171,339
RACHEL CHILDRESS DIRECTOR 0.50
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
2020 $5,874 $6,091 $571,063 $-217
2019 $8,815 $9,137 $682,654 $-322
2018 $8,165 $9,189 $805,637 $-1,024
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