ADVANCED HOUSING ALTERNATIVES CORP

EIN: 742643761 501(c)(3)

CORPUS CHRISTI, TX

Total Revenue
$1,347,966
Total Expenses
$1,420,798
Total Assets
$1,437,031
Net Assets
$-746,886
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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

Principal Officer
BRAD PRAK
Phone
3619372971
Tax Period
2025-01-01 to 2025-12-31

ADVANCED HOUSING ALTERNATIVES CORP is a community nonprofit that reported $1.3M in total revenue in fiscal year 2025.

Mission

ADVANCED HOUSING IS A NON-PROFIT CORPORATION DEDICATED TO PROVIDE HOUSING OCCUPANCY FOR LOW INCOME PARTICIPANTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,347,966
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,347,966

Expense Breakdown

Grants Paid $0
Salaries & Benefits $295,522
Fundraising Expenses $0
Program Expenses $1,310,592
Other Expenses $1,125,276
TOTAL EXPENSES $1,420,798

Year-over-Year Comparison

2025 2024 Change
Revenue $1,347,966 $1,318,335 +0.0%
Expenses $1,420,798 $1,288,874 +0.1%
Net Income $-72,832 $29,461 -3.5%
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

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Governance

Voting Members
5
Independent Members
4
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
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRAD PRAK PRESIDENT N/A
Officer Director
$0 $0 $0
CLARA BURCHFIELD VICE PRESIDE N/A
Officer Director
$0 $0 $0
MICHAEL UNVERZAGT SECRETARY/TR 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 $1,347,966 $1,420,798 $1,437,031 $-72,832
2024 $1,318,335 $1,288,874 $1,627,935 $29,461
2023 $1,523,510 $1,274,539 $1,673,012 $248,971
2022 $863,944 $745,595 $5,637,572 $118,349
2021 $714,526 $649,678 $5,658,407 $64,848
2020 $1,964,232 $662,472 $5,727,718 $1,301,760
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