AURORA HOUSING CORPORATION (EIN 841034458) - 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

1985

Legal Domicile

Principal Officer

SIGNY MIKITA

Phone

7202786557

Tax Period

2024-01-01 to 2024-12-31

AURORA HOUSING CORPORATION, founded in 1985, is a community nonprofit in the Housing & Shelter sector that reported $2.3M in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. Net assets of $6.9M represent 36 months of operating reserves.

Mission

REHABILITATION, DEVELOPMENT, INVESTMENT, CONSTRUCTION AND OPERATION OF LOW-INCOME 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 $16,000

Program Service Revenue $1,294,836

Investment Income $489,783

Other Revenue $492,625

TOTAL REVENUE $2,293,244

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,370,105

Other Expenses $2,370,105

TOTAL EXPENSES $2,370,105

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,293,244	$4,104,655	-0.4%
Expenses	$2,370,105	$2,197,832	+0.1%
Net Income	$-76,861	$1,906,823	-1.0%

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
STEPHEN VANVLADRICKEN	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA STIRDIVANT	DIRECTOR	1.00	Director	$0	$0	$0
SIGNY MIKITA	EXECUTIVE DIR.	1.00	Director	$0	$0	$0
JANE HARRINGTON	PRESIDENT	1.00	Officer	$0	$0	$0
ASHLEY KARROS	VICE PRESIDENT	1.00	Officer	$0	$0	$0
GREG SHIELDS	SECRETARY/TREASURER	1.00	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
2024	$2,293,244	$2,370,105	$15,638,664	$-76,861
2023	$4,104,655	$2,197,832	$15,575,218	$1,906,823
2022	$2,820,980	$2,441,841	$13,363,544	$379,139
2021	$724,944	$436,339	$12,062,943	$288,605
2020	$703,346	$477,357	$12,220,323	$225,989
2019	$834,994	$524,833	$12,413,675	$310,161
2018	$758,964	$617,466	$12,348,392	$141,498

AURORA HOUSING CORPORATION