AFFORDABLE HOUSING DEVELOPMENT CORP (EIN 650678966) - Form 990 Financial Analysis & Trantor Score

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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

1994

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

AFFORDABLE HOUSING DEVELOPMENT CORP, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $650K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $565K left a modest 13% surplus.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR LOW AND MODERATELY LOW INCOME FAMILIES

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $623,408

Investment Income $26,097

Other Revenue $0

TOTAL REVENUE $649,505

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $477,474

Other Expenses $565,476

TOTAL EXPENSES $565,476

Year-over-Year Comparison

	2023	2022	Change
Revenue	$649,505	$598,641	+0.1%
Expenses	$565,476	$565,609	0.0%
Net Income	$84,029	$33,032	+1.5%

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 EISENSON	DIRECTOR	0.10	Director	$0	$0	$0
FRANK MOSSUCCO	DIRECTOR TREASURER	0.10	Director	$0	$0	$0
VITO R DIFRONZO	PRESIDENT	15.00	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	No data	No data	No data	No data
2023	$649,505	$565,476	$2,525,796	$84,029
2022	$598,641	$565,609	$2,468,419	$33,032
2021	$548,965	$535,398	$2,656,102	$13,567
2020	$539,975	$515,820	$2,645,290	$24,155
2019	$681,382	$558,019	$2,677,216	$123,363
2018	$554,386	$535,759	$2,663,526	$18,627

AFFORDABLE HOUSING DEVELOPMENT CORP