ALEXANDRIA HOUSING DEVELOPMENT CORPORATION (EIN 841650039) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

JONATHAN FREDERICK

Phone

7037397775

Tax Period

2023-01-01 to 2023-12-31

ALEXANDRIA HOUSING DEVELOPMENT CORPORATION, founded in 2004, is a community nonprofit in the Housing & Shelter sector that reported $4.5M in total revenue in fiscal year 2018. Revenue surged 292% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 37% operating margin.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO DEVELOP AND PRESERVE AFFORDABLE HOUSING IN THE CITY OF ALEXANDRIA, VA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,003,620

Program Service Revenue $12,972,988

Investment Income $153,691

Other Revenue $-19,223

TOTAL REVENUE $14,111,076

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,976,848

Fundraising Expenses $73,173

Program Expenses $17,467,099

Other Expenses $16,107,511

TOTAL EXPENSES $19,106,236

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,111,076	$12,284,689	+0.1%
Expenses	$19,106,236	$17,486,321	+0.1%
Net Income	$-4,995,160	$-5,201,632	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

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

$277,163

Total Directors

Key Employees

$366,282

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL ABRAMSON	CHAIR	5.00	Officer Director	$0	$0	$0
CHRISTINA STACY	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JOHN CORRADO	SECRETARY	2.00	Officer Director	$0	$0	$0
CATHERINE WHITE	DIRECTOR	2.00	Director	$0	$0	$0
JOE RESENDE	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL CAISON	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES PITTMAN	DIRECTOR	2.00	Director	$0	$0	$0
ALYSON MINITER	TREASURER	2.00	Officer Director	$0	$0	$0
CATHERINE PHARIS	DIRECTOR UNTIL 12/23	2.00	Director	$0	$0	$0
MEGAN GLASHEEN	DIRECTOR UNTIL 12/23	2.00	Director	$0	$0	$0
ROBERT BURNS	DIRECTOR UNTIL 12/23	2.00	Director	$0	$0	$0
JON FREDERICK	PRESIDENT & CEO	40.00	Officer	$244,124	$33,039	$277,163
AARON REMOLONA	DIRECTOR OF REAL ESTATE	40.00	Key Emp	$160,961	$15,370	$176,331
ELISA MONDRAGON	CHIEF OPERATING OFFICER	40.00	Key Emp	$167,029	$22,922	$189,951
KAYLA HORNBROOK	VP OF COMMUNITY RELATION	40.00	Highest	$104,407	$24,303	$128,710
FANG BUCHANAN	CONTROLLER	40.00	Highest	$110,498	$5,415	$115,913
MATTHEW RHODES	SENIOR REAL ESTATE PROJECT MANAGER	40.00	Highest	$109,812	$5,069	$114,881

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	No data	No data	No data	No data
2023	$14,111,076	$19,106,236	$211,634,366	$-4,995,160
2022	$12,284,689	$17,486,321	$186,839,612	$-5,201,632
2021	$8,689,601	$13,464,612	$129,711,642	$-4,775,011
2020	$10,053,234	$13,094,575	$129,845,902	$-3,041,341
2019	$3,608,241	$1,414,783	$21,970,340	$2,193,458
2018	$4,500,719	$2,841,324	$13,583,730	$1,659,395

ALEXANDRIA HOUSING DEVELOPMENT CORPORATION