DENTON AFFORDABLE HOUSING CORPORAT… - Form 990 Financial Data

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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

CARRIE BAUGUS

Phone

9404847048

Tax Period

2023-10-01 to 2024-09-30

DENTON AFFORDABLE HOUSING CORPORATION, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 15% surplus.

Mission

TO INCREASE THE SUPPLY OF AFFORDABLE HOUSING IN THE DENTON AREA THROUGH ACQUISITION, RENOVATION, CONSTRUCTION, PROMOTION, FINANCING, DEVELOPMENT, MANAGEMENT AND OPERATION OF BOTH RENTAL HOUSING AND HOMES OFFERED TO FIRST-TIME HOMEBUYERS. PRIMARY POPULATIONS TARGETED ARE FIRST-TIME HOMEBUYERS, PERSONS WITH DISABILITIES, LOW-MODERATE INCOME FAMILIES AND HOMELESS FAMILIES WITH CHILDREN. DAHC IS CERTIFIED AS A COMMUNITY HOUSING DEVELOPMENT ORGANIZATION.

Program Service Accomplishments

Program 1

Expenses: $906,512 Revenue: $906,512

PROPERTY MANAGEMENT: PROVIDED PROPERTY MANAGEMENT SERVICES FOR THE VARIOUS AFFORDABLE RESIDENTIAL RENTAL PROPERTIES IN DAHC'S PORTFOLIO. THESE UNITS ARE LEASED PRIMARILY TO VERY LOW INCOME SPECIAL...

PROPERTY MANAGEMENT: PROVIDED PROPERTY MANAGEMENT SERVICES FOR THE VARIOUS AFFORDABLE RESIDENTIAL RENTAL PROPERTIES IN DAHC'S PORTFOLIO. THESE UNITS ARE LEASED PRIMARILY TO VERY LOW INCOME SPECIAL NEEDS TENANTS INCLUDING PERSONS WITH DISABILITIES AND HOMELESS FAMILIES WITH CHILDREN. SUPPORTIVE SERVICES FOR THESE TENANTS ARE ARRANGED THROUGH VARIOUS NON-PROFIT ORGANIZATIONS.

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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 $292,345

Program Service Revenue $938,361

Investment Income $494

Other Revenue $94,858

TOTAL REVENUE $1,326,058

Expense Breakdown

Grants Paid $0

Salaries & Benefits $342,825

Fundraising Expenses $0

Program Expenses $906,512

Other Expenses $789,716

TOTAL EXPENSES $1,132,541

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,326,058	$1,109,806	+0.2%
Expenses	$1,132,541	$1,027,468	+0.1%
Net Income	$193,517	$82,338	+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

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

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
WYATT COVARRUBIAS	Treasurer	1.00	Officer Director	$0	$0	$0
ART SMUCH	Director	1.00	Director	$0	$0	$0
GEORGE FERRIE	President	1.00	Officer Director	$0	$0	$0
EMILY MOONEY	Director	1.00	Director	$0	$0	$0
PETER MUNGIGUERRA	Director	1.00	Director	$0	$0	$0
AMANDA CONWAY	Director	1.00	Director	$0	$0	$0
KEN CURRIN	Vice President	1.00	Officer Director	$0	$0	$0
CARRIE BAUGUS	Executive Dir.	40.00	Director	$0	$0	$0
DAPHNE HOUSTON	Director	1.00	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	$1,326,058	$1,132,541	$4,533,001	$193,517
2023	$1,109,806	$1,027,468	$4,471,538	$82,338
2022	$959,680	$960,464	$4,539,728	$-784
2021	$1,292,175	$969,289	$4,708,277	$322,886
2018	$1,122,067	$596,024	$3,907,161	$526,043

DENTON AFFORDABLE HOUSING CORPORATION