HAMILTON AFFORDABLE HOMES INC

EIN: 680486556 501(c)(3) Housing & Shelter

SAN RAFAEL, CA

Total Revenue
$1,272,681
Total Expenses
$1,700,861
Total Assets
$5,923,464
Net Assets
$5,853,199
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
CA
Principal Officer
WELTON JORDAN
Phone
4152581800
Tax Period
2024-01-01 to 2024-12-31

HAMILTON AFFORDABLE HOMES INC, founded in 2002, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2024. Expenses of $1.7M exceeded revenue, resulting in a 34% operating deficit.

Mission

TO PERFORM THE CHARITABLE FUNCTIONS OF AND CARRY OUT THE CHARITABLE PURPOSES OF EAH INC., A RELATED CALIFORNIA PUBLIC BENEFIT CORPORATION.

Program Service Accomplishments

Program 1
Expenses: $1,342,934 Revenue: $1,271,706

THE CORPORATION SERVES AS A GENERAL PARTNER IN TWO LIMITED PARTNERSHIPS WHICH PROVIDE 101 UNITS OF LOW-INCOME HOUSING IN NOVATO, CALIFORNIA.

Program 2
Expenses: $357,927

PROVIDED GENERAL SUPPORT TO EAH INC., A RELATED CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION, IN FURTHERANCE OF EAH INC.'S EXEMPT PURPOSE OF PROVIDING AFFORDABLE HOUSING TO ELDERLY, VERY LOW, LOW...

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PROVIDED GENERAL SUPPORT TO EAH INC., A RELATED CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION, IN FURTHERANCE OF EAH INC.'S EXEMPT PURPOSE OF PROVIDING AFFORDABLE HOUSING TO ELDERLY, VERY LOW, LOW AND MODERATE INCOME INDIVIDUALS AND 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $975
Program Service Revenue $1,085,994
Investment Income $185,712
Other Revenue $0
TOTAL REVENUE $1,272,681

Expense Breakdown

Grants Paid $357,927
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,700,861
Other Expenses $1,342,934
TOTAL EXPENSES $1,700,861

Year-over-Year Comparison

2024 2023 Change
Revenue $1,272,681 $1,271,519 +0.0%
Expenses $1,700,861 $1,741,563 0.0%
Net Income $-428,180 $-470,044 -0.1%
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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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
N/A
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
3
$1,520,686
Total Directors
3
$1,520,686
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURA HALL VICE PRESIDENT/TREASURER 0.10
Officer Director
$0 $47,351 $673,412
WELTON JORDAN PRESIDENT 0.10
Officer Director
$0 $34,547 $492,640
KATHERINE FLEMING SECRETARY 0.10
Officer Director
$0 $46,064 $354,634
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 $1,272,681 $1,700,861 $5,923,464 $-428,180
2023 $1,271,519 $1,741,563 $6,349,597 $-470,044
2022 $265,143 $587,107 $6,817,654 $-321,964
2021 $268,405 $770,389 $7,137,688 $-501,984
2020 $272,662 $769,995 $7,637,799 $-497,333
2019 $2,414,836 $673,765 $8,133,314 $1,741,071
2018 $280,015 $251,469 $6,390,477 $28,546
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