ASCEND HOUSING ALLIES INCORPORATED

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2022

Legal Domicile

Principal Officer

RICHARD P DAVISSON II

Phone

8028465430

Tax Period

2024-01-01 to 2024-12-31

ASCEND HOUSING ALLIES INCORPORATED, founded in 2022, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $1.0M, a strong 86% operating margin.

Mission

TO HELP PEOPLE WITH LOW-INCOME, ESPECIALLY THOSE WHO ARE HOMELESS OR A RISK OF HOMELESSNESS, ACCESS AND THRIVE IN HIGH-QUALITY AFFORDABLE HOUSING. TO PROMOTE AND ASSIST THE CONTINUED CONSTRUCTION, REHABILITATION, AND DEVELOPMENT OF AFFORDABLE AND SUPPORTED HOUSING.

Program Service Accomplishments

Program 1

Expenses: $164,074 Revenue: $77,861

THE ORGANIZATION PROVIDES AND SUPPORTS AFFORDABLE HOUSING IN VERMONT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,086,387

Program Service Revenue $77,861

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,164,248

Expense Breakdown

Grants Paid $0

Salaries & Benefits $128,507

Fundraising Expenses $0

Program Expenses $164,074

Other Expenses $35,567

TOTAL EXPENSES $164,074

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,164,248	$1,404,269	-0.2%
Expenses	$164,074	$86,395	+0.9%
Net Income	$1,000,174	$1,317,874	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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
RICHARD P DAVISSON II	PRESIDENT	1.00	Officer Director	$0	$0	$0
THOMAS GETZ	SECRETARY	1.00	Officer Director	$0	$0	$0
KATHERINE DECARREAU	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT RUSHFORD	DIRECTOR	1.00	Director	$0	$0	$0
MATT TEDDER	DIRECTOR	1.00	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	$1,164,248	$164,074	$2,359,577	$1,000,174
2023	$1,404,269	$86,395	$1,350,666	$1,317,874