SCHENECTADY AFFORDABLE HOUSING CORPORATION (EIN 833743064) - 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

2019

Legal Domicile

Principal Officer

MICHAEL A JACKSON

Phone

5183867053

Tax Period

2024-04-01 to 2025-03-31

SCHENECTADY AFFORDABLE HOUSING CORPORATION, founded in 2019, is a community nonprofit in the Housing & Shelter sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 874% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 98% operating margin.

Mission

CREATE AFFORDABLE HOUSING OPPORTUNITIES THROUGH DEVELOPMENT, OWNERSHIP, RENTAL AND/OR SALES OF 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 $1,613,169

Investment Income $90,160

Other Revenue $0

TOTAL REVENUE $1,703,329

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $32,545

Other Expenses $32,545

TOTAL EXPENSES $32,545

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,703,329	$174,950	+8.7%
Expenses	$32,545	$25,918	+0.3%
Net Income	$1,670,784	$149,032	+10.2%

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
MARVA ISAACS	DIRECTOR	000.08	Director	$0	$0	$0
HAILEAB SAMUEL	DIRECTOR	000.08	Director	$0	$0	$0
SHARON REESE	DIRECTOR	000.08	Director	$0	$0	$0
SCHUYLER POUKISH	DIRECTOR	000.08	Director	$0	$0	$0
DOUGLAS WILLIAMS	DIRECTOR	000.08	Director	$0	$0	$0
THOMAS BELLICK	PRESIDENT	000.08	Officer	$0	$0	$0
RICHARD HOMENICK	SECRETARY/EXEC. DIR.	000.08	Officer	$0	$0	$0
JOAN JOHNSON	TREASURER	000.08	Officer	$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	$1,703,329	$32,545	$2,874,650	$1,670,784
2024	$174,950	$25,918	$1,185,393	$149,032
2023	$577,126	$11,610	$1,033,578	$565,516
2022	$415,232	$394	$467,817	$414,838

SCHENECTADY AFFORDABLE HOUSING CORPORATION