AFFORDABLE HOUSING PROGRAM INC (EIN 880465561) - 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

2006

Legal Domicile

Principal Officer

FREDERICK HARON

Phone

7029226835

Tax Period

2024-01-01 to 2024-12-31

AFFORDABLE HOUSING PROGRAM INC, founded in 2006, is a community nonprofit in the Housing & Shelter sector that reported $1.7M in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $2.6M exceeded revenue, resulting in a 55% operating deficit.

Mission

DEVELOPMENT OF LOWINCOME HOUSING FOR ELIGIBLE RESIDENTS OF THE LAS VEGAS AREA

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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 $931,114

Program Service Revenue $0

Investment Income $0

Other Revenue $759,601

TOTAL REVENUE $1,690,715

Expense Breakdown

Grants Paid $0

Salaries & Benefits $529,047

Fundraising Expenses $0

Program Expenses $2,612,525

Other Expenses $2,083,478

TOTAL EXPENSES $2,612,525

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,690,715	$3,105,528	-0.5%
Expenses	$2,612,525	$2,445,704	+0.1%
Net Income	$-921,810	$659,824	-2.4%

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	Role	Reportable Comp	Other Comp	Total
LEWIS JORDAN	EXECUTIVE DIRECTOR	Director	$0	$0	$0
MARISSA BROWN	COMMISSIONER	Director	$0	$0	$0
NANCY E BRUNE	COMMISSIONER	Director	$0	$0	$0
RICHARD CHERCHIO	COMMISSIONER	Director	$0	$0	$0
VALARIE CRAIG	COMMISSIONER	Director	$0	$0	$0
CARRIE COX	COMMISSIONER	Director	$0	$0	$0
LUCHANA TURNER	COMMISSIONER	Director	$0	$0	$0
MICHAEL DISMOND	COMMISSIONER	Director	$0	$0	$0
WILLIAM MCCURDY II	CHAIRPERSON	Officer	$0	$0	$0
RICHARD SEGERBLOM	VICE CHAIRPERSON	Officer	$0	$0	$0
FREDERICK HARON	TREASURER	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
2024	$1,690,715	$2,612,525	$30,315,100	$-921,810
2023	$3,105,528	$2,445,704	$30,338,983	$659,824
2022	$2,488,271	$2,162,717	$26,380,874	$325,554
2021	$3,789,878	$2,291,963	$29,529,624	$1,497,915
2021	$3,789,878	$2,291,963	$29,529,624	$1,497,915
2020	$719,533	$8	$14,220,522	$719,525

AFFORDABLE HOUSING PROGRAM INC