FOUNDATION FOR BETTER HOUSING INC FKA CASAS DE MILAGRO INC (EIN 742756738) - 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

1995

Legal Domicile

Principal Officer

RONALD F AKIN

Phone

2147508845

Tax Period

2023-01-01 to 2023-12-31

FOUNDATION FOR BETTER HOUSING INC FKA CASAS DE MILAGRO INC, founded in 1995, is a micro nonprofit in the Housing & Shelter sector that reported $4K in total revenue in fiscal year 2023. Expenses of $34K exceeded revenue, resulting in a 835% operating deficit.

Mission

THE ORGANIZATION WAS FORMED FOR THE PURPOSE OF ACQUIRING AND OPERATING LOW-INCOME HOUSING PROPERTIES WITHIN THE GUIDELINES OF IRS NOTICE 93-1 OR WITHIN ANY SUCCESSOR OR ALTERNATE "SAFE-HARBOR" AFFORDABLE HOUSING GUIDELINE PUBLISHED BY THE IRS.

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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 $3,639

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,639

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,000

Fundraising Expenses $0

Other Expenses $22,027

TOTAL EXPENSES $34,027

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,639	N/A	N/A
Expenses	$34,027	$73,384	-0.5%
Net Income	$-30,388	$-73,384	-0.6%

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

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

$12,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYNN F BEVERS	DIRECTOR	0.50	Director	$6,000	$0	$6,000
ROBERT C CANHAM	DIR, VP, SECRETARY, TREASU	0.00	Officer Director	$0	$0	$0
RONALD F AKIN	EXEC DIR, PRESIDENT	0.00	Officer Director	$0	$0	$0
MELANIE CARTER	DIRECTOR	0.50	Director	$6,000	$0	$6,000

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	$3,639	$34,027	$15,306,516	$-30,388
2022	No data	$73,384	$15,270,091	No data
2021	$20,291,895	$1,310,987	$15,931,482	$18,980,908
2020	$3,010,668	$2,373,242	$12,732,270	$637,426
2019	$2,988,414	$2,476,913	$12,737,184	$511,501

FOUNDATION FOR BETTER HOUSING INC FKA CASAS DE MILAGRO INC