AOF GEORGIA AFFORDABLE HOUSING CORP (EIN 873241481) - 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

KATHRYN T WALKER

Phone

7147991339

Tax Period

2023-01-01 to 2023-12-31

AOF GEORGIA AFFORDABLE HOUSING CORP, founded in 2021, is a community nonprofit that reported $4.4M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $7.9M exceeded revenue, resulting in a 81% operating deficit.

Mission

TO DEVELOP, ACQUIRE, CONSTRUCT, OWN, OPERATE OR OTHERWISE SUPPORT AFFORDABLE HOUSING TO BE OCCUPIED BY PERSONS OR FAMILIES OF LOW OR MODERATE INCOME AND/OR ELDERLY.

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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 $4,354,441

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,354,441

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $699,673

Fundraising Expenses $0

Program Expenses $7,630,423

Other Expenses $7,156,472

TOTAL EXPENSES $7,866,145

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,354,441	$3,779,578	+0.2%
Expenses	$7,866,145	$6,053,402	+0.3%
Net Income	$-3,511,704	$-2,273,824	+0.5%

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

$2,026,487

Total Directors

$2,053,487

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP J KENNEDY	PRESIDENT AND TREASURER	2.00	Officer Director	$0	$77,237	$1,242,237
KATHRYN WALKER	VP AND SECRETARY	5.00	Officer Director	$0	$59,815	$459,815
WILLIAM FISHER III	TRUSTEE	0.20	Director	$0	$0	$27,000
SARA FAY	OFFICER	0.20	Officer Director	$0	$50,060	$324,435
ALAN FERGUSON	TRUSTEE	0.20	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	$4,354,441	$7,866,145	$46,429,901	$-3,511,704
2022	$3,779,578	$6,053,402	$49,512,470	$-2,273,824

AOF GEORGIA AFFORDABLE HOUSING CORP