ASHLAND HOUSING DEVELOPMENT CORP

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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

1987

Legal Domicile

Principal Officer

SCOTTY PARKER

Phone

2563542661

Tax Period

2024-10-01 to 2025-09-30

ASHLAND HOUSING DEVELOPMENT CORP, founded in 1987, is a micro nonprofit that reported $66K in total revenue in fiscal year 2024. Expenses of $233K exceeded revenue, resulting in a 251% operating deficit.

Mission

TO PROVIDE HOUSING FOR LOW INCOME FAMILIES AND INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $227,821 Revenue: $58,596

TO PROMOTE AND ADVANCE DECENT, SAFE, AND SANITARY HOUSING FOR PERSONS OF LOW INCOME, INCLUDING FAMILIES AND ELDERLY, HANDICAPPED OR DISABLED PERSONS IN TEH CITY OF ASHLAND, ALABAMA, AND TO ACT AS AN INSTRUMENTALITY OF THE HOUSING AUTHORITY OF THE CITY OF ASHLAND, ALABAMA BY, AMONG OTHER THINGS, OWNING, OPERATING, AND MAINTAINING OR FINANCING A HOUSING PROJECT OR PROJECTS APPROVED BY THE AUTHORITY AND USABLE FOR PUBLIC HOUSING PURPOSES OR OTHER CHARITABLE PURPOSES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $58,596

Investment Income $7,699

Other Revenue $0

TOTAL REVENUE $66,295

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $227,821

Other Expenses $232,921

TOTAL EXPENSES $232,921

Year-over-Year Comparison

	2024	2023	Change
Revenue	$66,295	$67,717	0.0%
Expenses	$232,921	$122,616	+0.9%
Net Income	$-166,626	$-54,899	+2.0%

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

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

$41,058

Total Directors

Key Employees

Highest Compensated

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
SCOTTY PARKER	SECRETARY/ EXECUTIVE DIREC	5.00	Officer	$0	$0	$41,058

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
2025	$66,295	$232,921	$64,160	$-166,626
2024	$67,717	$122,616	$273,902	$-54,899
2023	$179,127	$119,243	$370,937	$59,884