ALT AFFORDABLE HOUSING SERVICES INC - ARBOR PLACE

EIN: 742680154 501(c)(3) Housing & Shelter

SAN ANTONIO, TX

Total Revenue
$282,598
Total Expenses
$433,563
Total Assets
$1,765,371
Net Assets
$26,006
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
TX
Principal Officer
JERRY DU TERROIL
Phone
2108214363
Tax Period
2024-01-01 to 2024-12-31

ALT AFFORDABLE HOUSING SERVICES INC - ARBOR PLACE, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $283K in total revenue in fiscal year 2024. Expenses of $434K exceeded revenue, resulting in a 53% operating deficit.

Mission

AS A NONPROFIT CORPORATION, PROVIDE AFFORDABLE HOUSING TO VERY LOW, LOW, AND MODERATE-INCOME INDIVIDUALS. IT IS OUR DUTY AND RESPONSIBILITY TO PROVIDE A CLEAN, SAFE ENVIRONMENT THAT OUR RESIDENTS CAN FEEL PROUD TO CALL HOME.

Program Service Accomplishments

Program 1
Expenses: $354,483 Revenue: $282,598

THE ORGANIZATION CONTINUED ITS PRIMARY ACTIVITY OF OWNING AND OPERATING THE ARBOR PLACE APARTMENTS, AN 84-UNIT APARTMENT COMPLEX LOCATED IN SAN ANTONIO, TEXAS. THE ORGANIZATION CONTINUED TO PROVIDE...

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THE ORGANIZATION CONTINUED ITS PRIMARY ACTIVITY OF OWNING AND OPERATING THE ARBOR PLACE APARTMENTS, AN 84-UNIT APARTMENT COMPLEX LOCATED IN SAN ANTONIO, TEXAS. THE ORGANIZATION CONTINUED TO PROVIDE LOW-INCOME HOUSING BY MAINTAINING PROPERTY OPERATIONS IN COMPLIANCE WITH CERTAIN MULTIFAMILY HOUSING REVENUE BONDS ISSED BY THE SAN ANTONIO HOUSING FINANCE CORPORATION IN 1995. THE ORGANIZATION CONTINUED AS THE SOLE MEMBER OF VDC BABCOCK GP, LLC., WHICH IS THE .01% GENERAL PARTNER IN VDC BABCOCK, LP OPERATING AS LA RISA APARTMENTS (THE LRA PROJECT) IN SAN ANTONIO, TEXAS. THE LRA PROJECT PROVIDED 237 AFFORDABLE HOUSING UNITS TO VERY LOW-INCOME AND LOW-INCOME FAMILIES. THROUGH ITS OVERSIGHT OF THE PROJECT, THE ORGANIZATION CONTINUED TO PROVIDE LOW-INCOME HOUSING BY MAINTAINING PROPERTY OPERATIONS IN COMPLIANCE WITH THE REGULATIONS OF THE U. S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). THE ORGANIZATION HAD PREVIOUSLY RECEIVED FUNDING FOR PROPERTY ACQUISITION AND RECONSTRUCTION FROM THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS (TDHCA) AS PART OF A LOW INCOME HOUSING TAX CREDIT PROGRAM. THE ORGANIZATION MAINTAINED PROPERTY OPERATIONS IN COMPLIANCE WITH THE REGULATIONS OF THE HUD AND TDHCA. TO ENSURE THE AVAILABILITY OF TAX CREDITS TO INVESTORS AS GOVERNED BY THE INTERNAL REVENUE SERVICE, MAINTAINED COMPLIANCE WITH INTERNAL REVENUE CODE SECTION 42. THE ORGANIZATION CONTINUED TO PROVIDE PROGRAMS, ACTIVITIES, AND SERVICES FOR THE YOUTH AND ADULT RESIDENTS.

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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 $0
Program Service Revenue $282,598
Investment Income $0
Other Revenue $0
TOTAL REVENUE $282,598

Expense Breakdown

Grants Paid $0
Salaries & Benefits $18,000
Fundraising Expenses $0
Program Expenses $354,483
Other Expenses $415,563
TOTAL EXPENSES $433,563

Year-over-Year Comparison

2024 2023 Change
Revenue $282,598 N/A N/A
Expenses $433,563 $62,710 +5.9%
Net Income $-150,965 $-62,710 +1.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
4
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
4
$18,000
Total Directors
4
$18,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JERRY DU TERROIL EXECUTIVE DIRECTOR 2.50
Officer Director
$18,000 $0 $18,000
JERRY BOLES VICE PRESIDENT/SECRETARY 0.50
Officer Director
$0 $0 $0
EDDIE HEINEMEIER PRESIDENT 0.50
Officer Director
$0 $0 $0
HULEN JACKSON TREASURER 0.50
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
2024 $282,598 $433,563 $1,765,371 $-150,965
2023 $5,309 $99,115 $323,705 $-93,806
2023 No data $62,710 $439,001 No data
2022 $488,549 $438,316 $350,221 $50,233
2021 $648,799 $657,623 $1,985,087 $-8,824
2020 $1,000,683 $757,704 $1,935,348 $242,979
2019 $601,603 $879,061 $1,637,120 $-277,458
2018 $829,472 $687,795 $1,698,983 $141,677
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