AOF MIAMI DADE AFFORDABLE HOUSING CORP (EIN 815278581) - 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

2017

Legal Domicile

Principal Officer

PHILIP J KENNEDY

Phone

7709370377

Tax Period

2024-07-01 to 2025-06-30

AOF MIAMI DADE AFFORDABLE HOUSING CORP, founded in 2017, is a micro nonprofit that reported $83K in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 1637% operating deficit.

Mission

THE CORPORATION WAS ORGANIZED TO ACQUIRE, REHABILITATE, OPERATE AND SELL AFFORDABLE HOUSING FOR LOW-INCOME, ELDERLY AND/OR MENTALLY OR PHYSICALLY CHALLENGED PERSONS OR FAMILIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $82,499

Other Revenue $100

TOTAL REVENUE $82,599

Expense Breakdown

Grants Paid $1,435,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,435,000

Other Expenses $0

TOTAL EXPENSES $1,435,000

Year-over-Year Comparison

	2024	2023	Change
Revenue	$82,599	$167,340	-0.5%
Expenses	$1,435,000	$2,890,213	-0.5%
Net Income	$-1,352,401	$-2,722,873	-0.5%

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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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

$1,042,135

Total Directors

$1,072,135

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP J KENNEDY	PRESIDENT, TRUSTEE	1.00	Officer Director	$0	$83,720	$598,720
KATHRYN T WALKER	VICE PRESIDENT, TRUSTEE	1.00	Officer Director	$0	$63,415	$443,415
ROBERT R DERRICK	TRUSTEE	0.20	Director	$0	$0	$15,000
WILLIAM F FISHER III	TRUSTEE	0.20	Director	$0	$0	$15,000
LAUREL TOLBERT	TRUSTEE	0.20	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
2025	$82,599	$1,435,000	$2,702,323	$-1,352,401
2024	No data	No data	No data	No data
2023	No data	No data	No data	No data
2021	$5,651,215	$6,621,149	$43,727,797	$-969,934
2020	$5,370,158	$6,630,062	$44,313,063	$-1,259,904
2019	$5,058,774	$7,877,476	$44,869,263	$-2,818,702
2018	$8,402,017	$11,287,911	$41,946,392	$-2,885,894

AOF MIAMI DADE AFFORDABLE HOUSING CORP