ANN ARBOR AFFORDABLE HOUSING CORP

EIN: 850626336 501(c)(3) Housing & Shelter

ANN ARBOR, MI

Total Revenue
$1,541,709
Total Expenses
$1,655,343
Total Assets
$6,322,410
Net Assets
$1,892,855
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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
2020
Legal Domicile
MI
Principal Officer
JENNIFER HALL
Phone
7347946720
Tax Period
2024-07-01 to 2025-06-30

ANN ARBOR AFFORDABLE HOUSING CORP, founded in 2020, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring.

Mission

TO RELIEVE A SHORTAGE OF DECENT, SAFE AND SANITARY HOUSING FOR PERSONS OF LOW INCOME, INCLUDING FAMILIES AND ELDERLY, HANDICAPPED OR DISABLED PERSONS, IN THE CITY OF ANN ARBOR, MICHIGAN AND TO PROMOTE AND ADVANCE DECENT, SAFE AND SANITARY HOUSING FOR SAID PERSONS BY, AMONG OTHER THINGS, FINANCING HOUSING PROJECTS APPROVED BY THE MEMBER THAT ARE USABLE FOR PUBLIC HOUSING PURPOSES OR OTHER CHARITABLE PURPOSES NOT INCONSISTENT. ALSO TO ENGAGE IN OR ASSIST IN THE DEVELOPMENT, FINANCING OR OPERATION, AND CARRYING OUT OR ASSISTING IN CARRYING OUT SUCH LOW INCOME HOUSING PROJECTS, AND FUNCTION WITHIN THE MEANING OF SECTION 3(6) OF THE UNITED STATES HOUSING ACT OF 1937, AS AMENDED, AS AN INSTRUMENTALITY OF THE MEMBER.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,499
Program Service Revenue $1,527,740
Investment Income $3,470
Other Revenue $0
TOTAL REVENUE $1,541,709

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,655,343
Other Expenses $1,655,343
TOTAL EXPENSES $1,655,343

Year-over-Year Comparison

2024 2023 Change
Revenue $1,541,709 $2,027,009 -0.2%
Expenses $1,655,343 $1,602,626 +0.0%
Net Income $-113,634 $424,383 -1.3%
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

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Governance

Voting Members
7
Independent Members
7
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
1
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEANNA BOER BOARD MEMBER N/A
Director
$0 $0 $0
DR STEVEN DANIELS BOARD MEMBER N/A
Director
$0 $0 $0
JENNIFER HALL EXECUTIVE DI N/A
Officer Director
$0 $0 $0
PATRICIA JENKINS BOARD MEMBER N/A
Director
$0 $0 $0
DEVIN KILPATRICK BOARD MEMBER N/A
Director
$0 $0 $0
DR LEE MEADOWS PRESIDENT N/A
Director
$0 $0 $0
MATTHEW WEBER VICE PRESIDE N/A
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 $1,541,709 $1,655,343 $6,322,410 $-113,634
2024 $2,027,009 $1,602,626 $6,728,604 $424,383
2023 $1,737,037 $1,341,552 $6,448,435 $395,485
2022 $1,277,787 $1,261,805 $6,051,688 $15,982
2021 $1,496,508 $325,869 $6,019,784 $1,170,639
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