ALABAMA AFFORDABLE HOUSING ASSOCIATION INC

EIN: 630978860 Community Improvement

FAIRHOPE, AL

Total Revenue
$677,138
Total Expenses
$790,312
Total Assets
$154,357
Net Assets
$133,738
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
AL
Principal Officer
LINDSAY WRIGHT
Phone
3345384706
Tax Period
2024-01-01 to 2024-12-31

ALABAMA AFFORDABLE HOUSING ASSOCIATION INC, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $535K in total revenue in fiscal year 2018.

Mission

TO PROMOTE THE COMMON INTEREST OF THOSE INVOLVED IN THE DEVELOPMENT & MANAGEMENT OF RURAL MULTI-FAMILY HOUSING.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $676,651
Investment Income $487
Other Revenue $0
TOTAL REVENUE $677,138

Expense Breakdown

Grants Paid $0
Salaries & Benefits $195,488
Fundraising Expenses $0
Other Expenses $594,824
TOTAL EXPENSES $790,312

Year-over-Year Comparison

2024 2023 Change
Revenue $677,138 $557,495 +0.2%
Expenses $790,312 $498,200 +0.6%
Net Income $-113,174 $59,295 -2.9%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
3
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRED BENNETT VICE-PRESIDE N/A
Officer
$0 $0 $0
DONNA BOMAR SECRETARY N/A
Officer
$0 $0 $0
GARY HALL PRESIDENT N/A
Officer
$0 $0 $0
JUSTIN HEBERLING TREASURER N/A
Officer
$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
2024 $677,138 $790,312 $154,357 $-113,174
2023 $557,495 $498,200 $305,283 $59,295
2022 $571,811 $494,289 $273,831 $77,522
2021 $567,520 $475,323 $179,679 $92,197
2020 $703,203 $712,078 $158,981 $-8,875
2019 $616,964 $673,395 $95,459 $-56,431
2018 $534,680 $520,795 $115,375 $13,885
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