ODESSA AFFORDABLE HOUSING INC

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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

2000

Legal Domicile

Principal Officer

JILL MILLER

Phone

4323622349

Tax Period

2023-01-01 to 2023-12-31

ODESSA AFFORDABLE HOUSING INC, founded in 2000, is a micro nonprofit in the Housing & Shelter sector that reported $35K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $42K exceeded revenue, resulting in a 20% operating deficit.

Mission

To improve housing conditions within Odessa, Texas through credit counseling, homebuyer education and home building/ rehabilitation programs that is affordable for low to moderate income residents.

Program Service Accomplishments

Program 1

Expenses: $34,324 Revenue: $19,610

Assist very low to moderate income owner occupied elderly, disabled or signle-families. Also, to lengthen the useful life of their homes by restoring their homes to a level of compliance with...

Assist very low to moderate income owner occupied elderly, disabled or signle-families. Also, to lengthen the useful life of their homes by restoring their homes to a level of compliance with applicable building/housing codes. Establish safety, sanitation, locally adopted rehabilitation program standards, housing quality standards, and reasonable levels of comfort and livability and to prevent and reverse deterioration and blighting of neighborhoods. OAHI provides housing rehab projects, homebuyer education and credit counseling services as part of their program services. OAHI has one residential rental property under lease as of year end.

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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 $12,400

Program Service Revenue $19,610

Investment Income $3,011

Other Revenue $88

TOTAL REVENUE $35,109

Expense Breakdown

Grants Paid $10,185

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $34,324

Other Expenses $31,919

TOTAL EXPENSES $42,104

Year-over-Year Comparison

	2023	2022	Change
Revenue	$35,109	$37,534	-0.1%
Expenses	$42,104	$36,541	+0.2%
Net Income	$-6,995	$993	-8.0%

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

$191,704

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JILL MILLER	EXECUTIVE DIRECTOR	010.00	Officer	$0	$16,704	$191,704
THOMAS BLACKSTONE	PRESIDENT	001.00	Officer Director	$0	$0	$0
DOW KELLY	SECRETARY/TREASURER	001.00	Officer Director	$0	$0	$0
CONNIE COOTS	VICE PRESIDENT	001.00	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	No data	No data	No data	No data
2023	$35,109	$42,104	$610,670	$-6,995
2022	$37,534	$36,541	$618,665	$993
2021	$16,514	$15,766	$616,672	$748
2020	$44,763	$33,330	$615,924	$11,433
2019	$39,539	$41,036	$604,491	$-1,497
2018	$48,746	$39,688	$605,988	$9,058