AFFORDABLE CENTRAL TEXAS INC

EIN: 813188845 501(c)(3) Housing & Shelter

AUSTIN, TX

Total Revenue
$1,626,579
Total Expenses
$1,286,135
Total Assets
$2,347,158
Net Assets
$1,669,817
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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
2016
Legal Domicile
TX
Principal Officer
MONICA MEDINA
Phone
5122027997
Tax Period
2024-01-01 to 2024-12-31

AFFORDABLE CENTRAL TEXAS INC, founded in 2016, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $340K, a strong 21% operating margin.

Mission

TEXAS HOUSING CONSERVANCY (TXHC) IS A NONPROFIT THAT PRESERVES LONG-TERM AFFORDABILITY IN MULTIFAMILY HOUSING FOR TEXAS' WORKFORCE BY LEVERAGING PRIVATE CAPITAL WITHOUT ONGOING PUBLIC SUBSIDY.

Program Service Accomplishments

Program 1
Expenses: $815,619 Revenue: $1,258,722

TEXAS HOUSING CONSERVANCY PRESERVES AFFORDABLE HOUSING FOR THE LONG TERM BY ACQUIRING AND MANAGING MULTIFAMILY PROPERTIES WHERE AT LEAST 51% OF RESIDENTS EARN AT OR BELOW 80% OF THE MEDIAN FAMILY...

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TEXAS HOUSING CONSERVANCY PRESERVES AFFORDABLE HOUSING FOR THE LONG TERM BY ACQUIRING AND MANAGING MULTIFAMILY PROPERTIES WHERE AT LEAST 51% OF RESIDENTS EARN AT OR BELOW 80% OF THE MEDIAN FAMILY INCOME, ENSURING STABILITY FOR ESSENTIAL WORKERS ACROSS TEXAS.

Program 2
Expenses: $45,374 Revenue: $0

THROUGH OUR TEXAS TOGETHER PROGRAM - WHICH INCLUDES FINANCIAL FOUNDATIONS, BACK TO SCHOOL, GROCERY GIVEAWAYS, CONSERVANCY CUPBOARDS, AND OTHER COMMUNITY IMPACT INITIATIVES - WE DELIVER YEAR-ROUND...

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THROUGH OUR TEXAS TOGETHER PROGRAM - WHICH INCLUDES FINANCIAL FOUNDATIONS, BACK TO SCHOOL, GROCERY GIVEAWAYS, CONSERVANCY CUPBOARDS, AND OTHER COMMUNITY IMPACT INITIATIVES - WE DELIVER YEAR-ROUND SERVICES ACROSS 17 PROPERTIES, SUPPORTING OVER 4,000 RESIDENTS WITH FINANCIAL COACHING, SCHOOL SUPPLIES, FOOD ACCESS, AND NEIGHBORHOOD ENGAGEMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $307,710
Program Service Revenue $1,231,692
Investment Income $60,147
Other Revenue $27,030
TOTAL REVENUE $1,626,579

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,061,167
Fundraising Expenses $196,447
Program Expenses $860,993
Other Expenses $224,968
TOTAL EXPENSES $1,286,135

Year-over-Year Comparison

2024 2023 Change
Revenue $1,626,579 $1,060,062 +0.5%
Expenses $1,286,135 $1,073,986 +0.2%
Net Income $340,444 $-13,924 -25.5%
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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Governance

Voting Members
8
Independent Members
6
Employees
7
Volunteers
7

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
4
$507,000
Total Directors
8
$507,000
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID STEINWEDELL BOARD CHAIRMAN AND FOUNDER 40.00
Officer Director
$162,500 $6,500 $169,000
FRANCES FERGUSON BOARD MEMBER 2.00
Director
$0 $0 $0
MARIANNE SCOTT DWIGHT BOARD SECRETARY 2.00
Officer Director
$0 $0 $0
PRINTICE GARY BOARD MEMBER 2.00
Director
$0 $0 $0
BRIAN STRICKLAND BOARD MEMBER 2.00
Director
$0 $0 $0
MONICA MEDINA PRESIDENT AND CEO 40.00
Officer Director
$325,000 $13,000 $338,000
SHARMILA KASSAM BOARD TREASURER 2.00
Officer Director
$0 $0 $0
JENNIFER WENZEL BOARD MEMBER 2.00
Director
$0 $0 $0
BEVERLY GRASS VP OF FINANCE 40.00
Highest
$126,000 $4,953 $130,953
MISSY SAEZ ASSET MANAGER 40.00
Highest
$150,000 $7,983 $157,983
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 $1,626,579 $1,286,135 $2,347,158 $340,444
2023 $1,060,062 $1,073,986 $2,099,067 $-13,924
2022 $2,213,857 $854,804 $2,125,083 $1,359,053
2021 $915,683 $789,396 $2,104,105 $126,287
2020 $609,997 $604,069 $1,305,574 $5,928
2019 $406,390 $630,045 $1,108,244 $-223,655
2018 $650,470 $635,477 $698,351 $14,993
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