CARC 1 HOUSING INC

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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

1992

Legal Domicile

Principal Officer

ASHLEY RUMBLEY

Phone

2512465487

Tax Period

2024-10-01 to 2025-09-30

CARC 1 HOUSING INC, founded in 1992, is a micro nonprofit in the Housing & Shelter sector that reported $5K in total revenue in fiscal year 2024.

Mission

GROUP HOME FOR CITIZENS WITH INTELLECTUAL DISABILITIES IN CLARKE COUNTY, ALABAMA

Program Service Accomplishments

Program 1

Expenses: $7,265

THE ORGANIZATION WAS FORMED TO RECEIVE HUD (HOUSING AND URBAN DEVELOPMENT) FUNDS TO BUILD AND OPERATE A GROUP HOME FOR CITIZENS WITH INTELLECTUAL DISABILITIES IN CLARKE COUNTY, ALABAMA

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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 $0

Investment Income $19

Other Revenue $-5,404

TOTAL REVENUE $-5,385

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,265

Other Expenses $7,265

TOTAL EXPENSES $7,265

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-5,385	$-13,402	-0.6%
Expenses	$7,265	$7,265	N/A
Net Income	$-12,650	$-20,667	-0.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRY CHANCEY	PRESIDENT	N/A	Officer Director	$0	$0	$0
ASBERRY DAFFIN	BOARD MEMBER	N/A	Director	$0	$0	$0
WAYNE GRAFTON	BOARD MEMBER	N/A	Director	$0	$0	$0
NORVELLE JONES	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
DIANE PRUITT	BOARD MEMBER	N/A	Director	$0	$0	$0
JIM REID	BOARD MEMBER	N/A	Director	$0	$0	$0
ASHLEY RUMBLEY	EXECUTIVE DI	N/A	Director	$0	$0	$0
PEGGY STEWART	SECRETARY	N/A	Officer Director	$0	$0	$0
GWEN WHEELER	TREASURER	N/A	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
2025	$-5,385	$7,265	$105,354	$-12,650
2024	$-13,402	$7,265	$112,114	$-20,667
2023	$-5,319	$7,265	$125,636	$-12,584
2022	$-10,210	$7,265	$129,561	$-17,475
2021	$-11,158	$7,264	$135,001	$-18,422
2020	$-3,680	$7,264	$146,278	$-10,944
2019	$-1,357	$7,264	$159,495	$-8,621
2018	$-4,325	$7,265	$164,921	$-11,590