Legacy Affordable Housing Trust (EIN 873640056) - 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

Phone

8645580626

Tax Period

2024-01-01 to 2024-12-31

Legacy Affordable Housing Trust, founded in 2021, is a small nonprofit in the Housing & Shelter sector that reported $220K in total revenue in fiscal year 2024. Revenue surged 102% from the prior year, signaling strong growth momentum. The organization ran a surplus of $199K, a strong 90% operating margin.

Mission

To further the production and preservation of safe, high-quality affordable and workforce housing that meets the needs of all residents, regardless of income.

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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 $194,100

Program Service Revenue $0

Investment Income $0

Other Revenue $25,540

TOTAL REVENUE $219,640

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,021

Other Expenses $20,911

TOTAL EXPENSES $20,911

Year-over-Year Comparison

	2024	2023	Change
Revenue	$219,640	$109,000	+1.0%
Expenses	$20,911	$4,815	+3.3%
Net Income	$198,729	$104,185	+0.9%

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

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

$380,500

Total Directors

$380,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cary Hall	Vice President	1.0	Officer Director	$0	$0	$0
Karen Brown	Treasurer	1.0	Officer Director	$0	$0	$0
William W Brown	President	1.0	Officer Director	$0	$30,500	$380,500
Adela Mendoza	Board Member	1.0	Director	$0	$0	$0
Charles Brewer	Board Member	1.0	Director	$0	$0	$0
Llyn Strong	Board Member	1.0	Director	$0	$0	$0
Steve Lanzl	Board Member	1.0	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	$219,640	$20,911	$304,575	$198,729

Legacy Affordable Housing Trust