ARIZONA HOUSING DEVELOPMENT CORP (EIN 860927092) - 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

1998

Legal Domicile

Principal Officer

MICHAEL MORRISSEY

Phone

9287823823

Tax Period

2024-07-01 to 2025-06-30

ARIZONA HOUSING DEVELOPMENT CORP, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $790K in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $193K, a strong 24% operating margin.

Mission

ARIZONA HOUSING DEVELOPMENT CORPORATION IS A NOT-FOR-PROFIT ORGANIZATION COMMITTED TO PROMOTING THE GENERAL SOCIAL WELFARE OF THE COMMUNITY THROUGH THE DEVELOPMENT, RENOVATION AND/OR PROVISION OF AFFORDABLE, DECENT, SAFE, SANITARY HOUSING; ORGANIZATIONAL AND PROPERTY MANAGEMENT SERVICES; CONSULTING; TRAINING; RESIDENT SERVICES AND COMMUNITY INITIATIVE PROGRAMS THAT AID IN FOSTERING AN IMPROVED QUALITY OF LIFE.

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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 $571,143

Program Service Revenue $218,802

Investment Income $0

Other Revenue $0

TOTAL REVENUE $789,945

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $596,953

Other Expenses $596,953

TOTAL EXPENSES $596,953

Year-over-Year Comparison

	2024	2023	Change
Revenue	$789,945	$570,334	+0.4%
Expenses	$596,953	$428,251	+0.4%
Net Income	$192,992	$142,083	+0.4%

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
FERNANDO QUIROZ	PRESIDENT	N/A	Officer Director	$0	$0	$0
RUSSELL TYNDALL	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
RON CONTRERAS	SECRETARY	N/A	Officer Director	$0	$0	$0
YULIANA AVILES	TREASURER	N/A	Officer Director	$0	$0	$0
DEB DRYSDALE	BOARD MEMBER	N/A	Director	$0	$0	$0
RACHAEL LOPEZ	BOARD MEMBER	N/A	Director	$0	$0	$0
MICHAEL MORRISSEY	MANAGING AGE	N/A	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
2025	$789,945	$596,953	$5,027,040	$192,992
2024	$570,334	$428,251	$3,008,709	$142,083
2023	$1,160,732	$345,346	$2,716,698	$815,386
2022	$1,098,407	$303,667	$2,748,799	$794,740
2021	$639,984	$174,903	$1,991,610	$465,081
2020	$1,213,477	$383,913	$1,615,466	$829,564
2019	$132,925	$218,226	$902,725	$-85,301
2018	$569,333	$200,720	$886,151	$368,613

ARIZONA HOUSING DEVELOPMENT CORP