NFP AFFORDABLE HOUSING CORP (EIN 822828480) - 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

2018

Legal Domicile

Principal Officer

RICHARD EDSON

Phone

2405059293

Tax Period

2024-01-01 to 2024-12-31

NFP AFFORDABLE HOUSING CORP, founded in 2018, is a small nonprofit in the Housing & Shelter sector that reported $313K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $172K, a strong 55% operating margin.

Mission

THE CORPORATION IS ORGANIZED FOR THE PURPOSE OF FOSTERING OF LOW INCOME HOUSING, INCLUDING WITHOUT LIMITATION, FOR SUCH PURPOSE, THE MAKING OF CONTRIBUTIONS TO ORGANIZATIONS WHICH QUALIFY AS EXEMPT ORGANIZATION UNDER 501(C)(3) OR 501(C)(4) OF THE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW.

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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 $32,400

Program Service Revenue $190,580

Investment Income $58,683

Other Revenue $31,061

TOTAL REVENUE $312,724

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $92,478

Other Expenses $141,215

TOTAL EXPENSES $141,215

Year-over-Year Comparison

	2024	2023	Change
Revenue	$312,724	$531,781	-0.4%
Expenses	$141,215	$351,888	-0.6%
Net Income	$171,509	$179,893	0.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD EDSON	CHAIR	10.00	Officer Director	$0	$0	$0
SHIRLEY GINWRIGHT	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
NICK SURAK	DIRECTOR	0.50	Director	$0	$0	$0
NANCY KAUR	DIRECTOR	0.50	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	$312,724	$141,215	$4,121,166	$171,509
2023	$531,781	$351,888	$3,790,311	$179,893
2022	$3,774,240	$163,822	$3,610,418	$3,610,418

NFP AFFORDABLE HOUSING CORP