THE AFFORDABLE HOUSING PRESERVATION CORPORATION (EIN 861646797) - 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

2021

Legal Domicile

Principal Officer

BARBARA COCCIOLO

Phone

8009139349

Tax Period

2023-01-01 to 2023-12-31

THE AFFORDABLE HOUSING PRESERVATION CORPORATION, founded in 2021, is a mid-sized nonprofit in the Housing & Shelter sector that reported $43.6M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $75.4M exceeded revenue, resulting in a 73% operating deficit.

Mission

OUR MISSION IS TO IMPROVE THE QUALITY OF FAMILIES, STUDENTS, INDIVIDUALS, AND COMMUNITIES BY HELPING TO DEVELOP, PRODUCE, ACQUIRE, MANAGE OR PRESERVE LOW-COST AFFORDABLE HOUSING, WORKFORCE HOUSING AND STUDENT HOUSING IN NEIGHBORHOODS ACROSS THE UNITED STATES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $43,645,587

Investment Income $0

Other Revenue $0

TOTAL REVENUE $43,645,587

Expense Breakdown

Grants Paid $0

Salaries & Benefits $299,251

Fundraising Expenses $0

Program Expenses $69,339,877

Other Expenses $75,113,127

TOTAL EXPENSES $75,412,378

Year-over-Year Comparison

	2023	2022	Change
Revenue	$43,645,587	$48,084,916	-0.1%
Expenses	$75,412,378	$64,269,899	+0.2%
Net Income	$-31,766,791	$-16,184,983	+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

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

$250,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENO HICKS	CHAIRMAN	5.00	Officer Director	$0	$0	$0
BETH ANN SMITH	SECRETARY	5.00	Officer Director	$0	$0	$0
JAMES ANDERSON	TREASURER	5.00	Officer Director	$0	$0	$0
DWAYNE ALEXANDER	DIRECTOR	2.00	Director	$0	$0	$0
CHAD BOWLING	DIRECTOR	2.00	Director	$0	$0	$0
DAVID JONES	DIRECTOR	5.00	Director	$0	$0	$0
CATHERINE METZGAR CLAYCOMB	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN MERSINGER	DIRECTOR	5.00	Director	$0	$0	$0
DAVID SARLES	DIRECTOR	2.00	Director	$0	$0	$0
SHARON WALKER	DIRECTOR	5.00	Director	$0	$0	$0
BARBARA COCCIOLO	EXECUTIVE DIRECTOR	40.00	Officer	$250,000	$0	$250,000

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	$43,645,587	$75,412,378	$590,429,548	$-31,766,791
2022	$48,084,916	$64,269,899	$618,367,495	$-16,184,983
2021	$2,294,342	$14,410,279	$540,750,555	$-12,115,937

THE AFFORDABLE HOUSING PRESERVATION CORPORATION