Partnership for Housing Affordability (EIN 800099199) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

Jovan Burton

Phone

8044225057

Tax Period

2023-01-01 to 2023-12-31

Partnership for Housing Affordability, founded in 2004, is a small nonprofit in the Education sector that reported $263K in total revenue in fiscal year 2018. Revenue surged 176% from the prior year, signaling strong growth momentum. The organization ran a surplus of $180K, a strong 68% operating margin.

Mission

In response to housing needs in our communities, we champion policies, developments, and programs for quality affordable housing in the Richmond region.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,396,717

Program Service Revenue $0

Investment Income $38,251

Other Revenue $0

TOTAL REVENUE $1,434,968

Expense Breakdown

Grants Paid $0

Salaries & Benefits $373,164

Fundraising Expenses $30,009

Program Expenses $635,576

Other Expenses $393,151

TOTAL EXPENSES $766,315

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,434,968	$921,605	+0.6%
Expenses	$766,315	$500,859	+0.5%
Net Income	$668,653	$420,746	+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

$110,659

Total Directors

$110,659

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nathalia Artus	Chairman	2.00	Officer Director	$0	$0	$0
Thomas Wohlfarth	Treasurer	2.00	Officer Director	$0	$0	$0
Martha Shickle	Vice Chair	2.00	Officer Director	$0	$0	$0
Dan Cohen	Director	2.00	Director	$0	$0	$0
Nora Amos	Director	2.00	Director	$0	$0	$0
Alana Gonzalez	Director	2.00	Director	$0	$0	$0
Carolyn Loftin	Director	2.00	Director	$0	$0	$0
Laura Lafayette	Director	2.00	Director	$0	$0	$0
Jo Ann Hunter	Director	2.00	Director	$0	$0	$0
Eric Leabough	Director	2.00	Director	$0	$0	$0
Preston Lloyd	Director	2.00	Director	$0	$0	$0
David Maloney	Director	2.00	Director	$0	$0	$0
Sherrill Hampton	Director	2.00	Director	$0	$0	$0
Sean O'Brien	Director	2.00	Director	$0	$0	$0
LeQuan Hylton	Director	2.00	Director	$0	$0	$0
Michael Urban	Director	2.00	Director	$0	$0	$0
Jovan Burton	Executive Director	2.00	Officer Director	$0	$0	$110,659
Bernard Harkless	Immediate Past Chair	2.00	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	$1,434,968	$766,315	$2,013,735	$668,653
2022	$921,605	$500,859	$1,308,065	$420,746
2021	$502,568	$474,342	$791,600	$28,226
2020	$287,940	$372,523	$768,042	$-84,583
2019	$952,718	$457,586	$856,877	$495,132
2018	$263,460	$83,101	$308,861	$180,359

Partnership for Housing Affordability