OLD CHAPTER II OF THE AFFORDABLE H… - Form 990 Financial Data

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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

1993

Legal Domicile

Principal Officer

CLIFFORD ROME

Phone

3128425500

Tax Period

2024-07-01 to 2025-06-30

OLD CHAPTER II OF THE AFFORDABLE HOUSING PRESERVATION FOUNDATION, founded in 1993, is a micro nonprofit in the Housing & Shelter sector that reported $24K in total revenue in fiscal year 2024. Expenses of $630K exceeded revenue, resulting in a 2573% operating deficit.

Mission

TO SPONSOR, ON A CHARITABLE BASIS, THE PURCHASE, DEVELOPMENT, CONSTRUCTION, AND OPERATION OF HOUSING FACILITIES AND SERVICES FOR THE ELDERLY AND HANDICAPPED OR FOR PERSONS OF LOW AND MODERATE INCOME.

Program Service Accomplishments

Program 1

Expenses: $618,480 Revenue: $23,588

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 $0

Program Service Revenue $0

Investment Income $23,588

Other Revenue $0

TOTAL REVENUE $23,588

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $618,480

Other Expenses $630,453

TOTAL EXPENSES $630,453

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,588	$-616,756	-1.0%
Expenses	$630,453	$2,552	+246.0%
Net Income	$-606,865	$-619,308	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

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
CLIFFORD ROME	SECRETARY	0.10	Officer Director	$0	$0	$0
MARSHALL SNOW	PRESIDENT AND TREASURER	0.10	Officer Director	$0	$0	$0
MANDENE MUHAMMAD	DIRECTOR	0.10	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
2025	$23,588	$630,453	$2,035,634	$-606,865
2024	$-616,756	$2,552	$2,067,927	$-619,308
2023	$-528,757	$1,594	$2,731,165	$-530,351
2022	No data	$3,191	$2,051,753	No data
2021	No data	$761	$2,054,944	No data

OLD CHAPTER II OF THE AFFORDABLE HOUSING PRESERVATION FOUNDATION