AFFORDABLE HOUSING CORP OF GLASSBORO (EIN 823355889) - 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

KIMBERLY GOBER

Phone

8566914099

Tax Period

2024-01-01 to 2024-12-31

AFFORDABLE HOUSING CORP OF GLASSBORO, founded in 2017, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE LOW AND MODERATE INCOME INDIVIDUALS WITH AFFORDABLE HOUSING OPPORTUNITIES AND, WITHOUT LIMITATION, PROVIDING, DEVELOPING, BUILDING, MANAGING, PROMOTING, CONSTRUCTING, OPERATING, SELLING, LEASING, REHABILITATING, RENOVATING, AND DISPOSING OF SAFE AND AFFORDABLE HOUSING.

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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 $1,173,547

Investment Income $68

Other Revenue $4,669

TOTAL REVENUE $1,178,284

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,539

Fundraising Expenses $0

Program Expenses $1,076,240

Other Expenses $1,156,915

TOTAL EXPENSES $1,178,454

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,178,284	$1,037,068	+0.1%
Expenses	$1,178,454	$1,038,379	+0.1%
Net Income	$-170	$-1,311	-0.9%

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

$182,940

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY LAPP	CHAIRMAN	1.00	Director	$0	$0	$0
THURAISINGHAM MOHANAKANTHAN	COMMISSIONER	1.00	Director	$0	$0	$0
ANDREW HALTER	COMMISSIONER	1.00	Director	$0	$0	$0
EDWARD HUTCHINSON	VICE CHARIMAN	1.00	Director	$0	$0	$0
SHIRLEY ANDERSON	COMMISSIONER	1.00	Director	$0	$0	$0
JACOB HINES	COMMISSIONER	1.00	Director	$0	$0	$0
KIMBERLY GOBER	SECRETARY-TREASURER	10.00	Officer	$0	$0	$182,940

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	$1,178,284	$1,178,454	$1,417,539	$-170
2023	$1,037,068	$1,038,379	$1,146,950	$-1,311
2022	$1,141,325	$1,141,561	$697,110	$-236
2021	$365	$1,397	$960,990	$-1,032
2020	$1,301	$4,113	$935,025	$-2,812
2018	$223	$414	$646,030	$-191

AFFORDABLE HOUSING CORP OF GLASSBORO