MULTI-FAMILY MISSION MINISTRIES LOUISIANA AFFORDABLE HOUSING INC

EIN: 760446409 501(c)(3) Housing & Shelter

CONROE, TX

Total Revenue
$10,372,928
Total Expenses
$644,935
Total Assets
$23,593,798
Net Assets
$23,593,644
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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
TX
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 MULTIFAMILY MISSION MINISTRIES AND FINANCING TO AFFILIATED ORGANIZATIONS THAT OWN, MANAGE, OPERATE AND PROVIDE QUALIFIED MULTIFAMILY RESIDENTIAL HOUSING.

Program Service Accomplishments

Program 1
Expenses: $450,000

EXPENSES TO SUPPORT MULTIFAMILY MISSION MINISTRIES.

Program 2
Expenses: $128,819 Revenue: $6,990

ACTIVITIES TO DEVELOP NEW LOW INCOME HOUSING PROJECTS.

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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 (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

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Governance

Voting Members
3
Independent Members
3
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
3
$270,548
Total Directors
3
$270,548
Key Employees
0
$0
Highest Compensated
0
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
2025 No data No data No data No data
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
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