AFFORDABLE HOUSING ASSOCIATES INC (EIN 870531899) - 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

2003

Legal Domicile

Principal Officer

GWEN WHITE

Phone

8012844400

Tax Period

2023-07-01 to 2023-12-31

AFFORDABLE HOUSING ASSOCIATES INC, founded in 2003, is a micro nonprofit in the Housing & Shelter sector that reported $46K in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $59K exceeded revenue, resulting in a 28% operating deficit.

Mission

PROVIDE LOW INCOME HOUSING AND LOW INCOME HOUSING ASSISTANCE TO THE ELDERLY AND DISABLED.

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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 $30,468

Program Service Revenue $15,494

Investment Income $468

Other Revenue $0

TOTAL REVENUE $46,430

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,216

Fundraising Expenses $0

Program Expenses $43,814

Other Expenses $45,204

TOTAL EXPENSES $59,420

Year-over-Year Comparison

	2023	2022	Change
Revenue	$46,430	$94,789	-0.5%
Expenses	$59,420	$113,511	-0.5%
Net Income	$-12,990	$-18,722	-0.3%

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

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

$471,414

Total Directors

$471,414

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GWEN WHITE	CHAIR	2.00	Director	$0	$0	$0
CHRISTINE NGUYEN	VICE CHAIR	2.00	Director	$0	$0	$0
JANICE KIMBALL	SECRETARY	2.00	Officer Director	$0	$48,369	$261,648
ANDRE BARTLOME	TREASURER	2.00	Officer Director	$0	$51,179	$209,766
PHIL BERNAL	TRUSTEE	2.00	Director	$0	$0	$0
WENDY LEONELLI	TRUSTEE	2.00	Director	$0	$0	$0
ERIN LITVACK	TRUSTEE	2.00	Director	$0	$0	$0
SPENCER MOFFAT	TRUSTEE	2.00	Director	$0	$0	$0
KAT JOHNSON	TRUSTEE	2.00	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
2024	No data	No data	No data	No data
2023	$94,789	$113,511	$506,454	$-18,722
2023	$46,430	$59,420	$485,854	$-12,990
2022	$91,675	$121,295	$537,724	$-29,620
2021	$96,207	$107,560	$577,315	$-11,353
2020	$96,678	$110,231	$615,318	$-13,553
2019	$82,598	$115,614	$643,260	$-33,016

AFFORDABLE HOUSING ASSOCIATES INC