KENT ATTAINABLE HOUSING INC (EIN 834613498) - 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

KATHRYN APPEL

Phone

4434806842

Tax Period

2024-01-01 to 2024-12-31

KENT ATTAINABLE HOUSING INC, founded in 2019, is a small nonprofit in the Housing & Shelter sector that reported $372K in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. Expenses of $352K left a modest 5% surplus.

Mission

TO BREAK THE CYCLE OF POVERTY BY BUILDING OR RENOVATING AFFORDABLE HOUSES AND PARTNERING WITH LOW INCOME, WORKING FAMILIES TO PREPARE FOR AND BUY A HOME.

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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 $350,881

Program Service Revenue $22,278

Investment Income $7,491

Other Revenue $-8,675

TOTAL REVENUE $371,975

Expense Breakdown

Grants Paid $0

Salaries & Benefits $123,559

Fundraising Expenses $1,461

Program Expenses $200,471

Other Expenses $228,360

TOTAL EXPENSES $351,919

Year-over-Year Comparison

	2024	2023	Change
Revenue	$371,975	$464,221	-0.2%
Expenses	$351,919	$427,317	-0.2%
Net Income	$20,056	$36,904	-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

Volunteers

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
TAYLOR FREY	PRESIDENT	7.70	Officer Director	$0	$0	$0
LEON FRISON	VICE PRESIDENT	2.60	Officer Director	$0	$0	$0
KATHY APPEL	TREASURER	13.60	Officer Director	$0	$0	$0
RONNIE EDELMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
NIVEK JOHNSON	BOARD MEMBER	0.20	Director	$0	$0	$0
XAVIER JONES	BOARD MEMBER	0.20	Director	$0	$0	$0
JOE PHILLIPS	VICE PRESIDENT	2.40	Officer Director	$0	$0	$0
AMANDA WALLACE	VICE PRESIDENT	1.40	Officer Director	$0	$0	$0
LAURA JOHNSON	BOARD MEMBER	0.40	Director	$0	$0	$0
TIM LAVERY	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL OCONNOR	BOARD MEMBER	1.20	Director	$0	$0	$0
LAMONTE COOKE	BOARD MEMBER	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
2024	$371,975	$351,919	$674,845	$20,056
2023	$464,221	$427,317	$787,798	$36,904
2022	$811,464	$685,982	$794,203	$125,482
2021	$442,437	$59,296	$887,618	$383,141

KENT ATTAINABLE HOUSING INC