PRICHARD AFFORDABLE HOUSING CORP

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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

CHARLES PHARR

Phone

2512830111

Tax Period

2024-01-01 to 2024-12-31

PRICHARD AFFORDABLE HOUSING CORP, founded in 2021, is a small nonprofit in the Housing & Shelter sector that reported $342K in total revenue in fiscal year 2024. Expenses of $674K exceeded revenue, resulting in a 97% operating deficit.

Mission

TO PROMOTE AND ADVANCE DECENT, SAFE AND SANITARY HOUSING FOR PERSONS OF LOW INCOME OR MODERATE INCOME (INCLUDING THE ELDERLY OR HANDICAPPED) IN MOBILE COUNTY, ALABAMA.

Program Service Accomplishments

Program 1

TO PROMOTE AND ADVANCE DECENT, SAFE AND SANITARY HOUSING FOR PERSONS OF LOW AND MODERATE INCOME (INCLUDING THE ELDERLY OR HANDICAPPED) IN MOBILE COUNTY, ALABAMA.

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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 $0

Program Service Revenue $337,503

Investment Income $4,476

Other Revenue $0

TOTAL REVENUE $341,979

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $673,855

Other Expenses $673,855

TOTAL EXPENSES $673,855

Year-over-Year Comparison

	2024	2023	Change
Revenue	$341,979	$322,893	+0.1%
Expenses	$673,855	$584,689	+0.2%
Net Income	$-331,876	$-261,796	+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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEVERLY BUNCH	DIRECTOR	N/A	Director	$0	$0	$0
LISSA EPHRAIM	DIRECTOR	N/A	Director	$0	$0	$0
CINDY D ERVIN	DIRECTOR	N/A	Director	$0	$0	$0
MARY KIDD	DIRECTOR	N/A	Director	$0	$0	$0
HERMAN B TOWNER	DIRECTOR	N/A	Director	$0	$0	$0
CHARLES PHARR	EXECUTIVE DI	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	No data	No data	No data	No data
2024	$341,979	$673,855	$1,926,378	$-331,876
2023	$322,893	$584,689	$2,027,791	$-261,796
2022	$352,427	$523,239	$1,907,034	$-170,812