ASHLAND HOUSING DEVELOPMENT CORP

EIN: 630958088 501(c)(3)

ASHLAND, AL

Total Revenue
$67,717
Total Expenses
$122,616
Total Assets
$273,902
Net Assets
$132,814
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
AL
Principal Officer
STAN GAITHER
Phone
2563542661
Tax Period
2023-10-01 to 2024-09-30

ASHLAND HOUSING DEVELOPMENT CORP, founded in 1987, is a small nonprofit that reported $179K in total revenue in fiscal year 2022. Revenue surged 222% from the prior year, signaling strong growth momentum. The organization ran a surplus of $60K, a strong 33% operating margin.

Mission

TO PROVIDE HOUSING FOR LOW INCOME FAMILIES AND INDIVIDUALS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $55,284
Investment Income $12,433
Other Revenue $0
TOTAL REVENUE $67,717

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $115,082
Other Expenses $122,616
TOTAL EXPENSES $122,616

Year-over-Year Comparison

2023 2022 Change
Revenue $67,717 $179,127 -0.6%
Expenses $122,616 $119,243 +0.0%
Net Income $-54,899 $59,884 -1.9%
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

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Governance

Voting Members
5
Independent Members
5
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
$92,552
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DON FULBRIGHT CHAIRMAN 1.00
Officer Director
$0 $0 $0
ALLEN WORTHY MEMBER 1.00
Director
$0 $0 $0
PAUL BALLARD RESIDENT MEMBER 1.00
Director
$0 $0 $0
LINDA GIDDENS MEMBER 1.00
Director
$0 $0 $0
MIKE COLEMAN MEMBER 1.00
Director
$0 $0 $0
STAN GAITHER SECRETARY/ EXECUTIVE DIREC 5.00
Officer
$0 $0 $92,552
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 $67,717 $122,616 $273,902 $-54,899
2023 $179,127 $119,243 $370,937 $59,884
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