MULTI-FAMILY MISSION MINISTRIES LOUISIANA AFFORDABLE HOUSING INC (EIN 760446409) - 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

1994

Legal Domicile

Principal Officer

HOMER ALLISON

Phone

2812987999

Tax Period

2023-10-01 to 2024-09-30

MULTI-FAMILY MISSION MINISTRIES LOUISIANA AFFORDABLE HOUSING INC, founded in 1994, is a mid-sized nonprofit in the Housing & Shelter sector that reported $10.4M in total revenue in fiscal year 2023. Revenue surged 743% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.7M, a strong 94% operating margin.

Mission

TO PROVIDE SUPPORT TO MULITFAMILY MISSION MINISTRIES AND FINANCING TO AFFILIATED ORGANIZATIONS THAT OWN, MANAGE, OPERATE AND PROVIDE QUALIFIED MULTIFAMILY RESIDENTIAL HOUSING.

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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 $9,657,049

Program Service Revenue $6,990

Investment Income $695,359

Other Revenue $13,530

TOTAL REVENUE $10,372,928

Expense Breakdown

Grants Paid $450,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $578,819

Other Expenses $194,935

TOTAL EXPENSES $644,935

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,372,928	$1,230,216	+7.4%
Expenses	$644,935	$533,167	+0.2%
Net Income	$9,727,993	$697,049	+13.0%

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

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

$270,548

Total Directors

$270,548

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOMER ALLISON	PRESIDENT	1.00	Officer Director	$0	$0	$0
KENNETH TANN	VICE PRESIDENT	1.00	Officer Director	$0	$17,567	$151,489
NANNETTE VALLIS	SECRETARY/ TREASURER	1.00	Officer Director	$0	$17,567	$119,059

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	$10,372,928	$644,935	$23,593,798	$9,727,993
2023	$1,230,216	$533,167	$13,883,012	$697,049
2022	$1,468,841	$1,200,776	$13,150,566	$268,065
2021	$913,229	$932,534	$13,072,520	$-19,305
2020	$1,216,060	$998,992	$13,350,306	$217,068
2019	$1,337,911	$986,670	$12,502,884	$351,241
2018	$1,172,337	$1,214,763	$12,323,033	$-42,426

MULTI-FAMILY MISSION MINISTRIES LOUISIANA AFFORDABLE HOUSING INC