PIERCE COUNTY AFFORDABLE HOUSING A… - Form 990 Financial Data

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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

1994

Legal Domicile

Principal Officer

JOSE URIARTE

Phone

2535022748

Tax Period

2022-07-01 to 2023-06-30

PIERCE COUNTY AFFORDABLE HOUSING ASSOCIATION, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $262K in total revenue in fiscal year 2022. Revenue decreased 9% compared to the prior year. Expenses of $336K exceeded revenue, resulting in a 28% operating deficit.

Mission

PIERCE COUNTY AFFORDABLE HOUSING ASSOCIATION'S EMEMPT PURPOSE IS TO FINANCE, DEVELOP, MANAGE AND PROVIDE LOW INCOME PERSONS WITH HOUSING FACILITIES AND SERVICES WITHIN PIERCE COUNTY.

Program Service Accomplishments

Program 1

Expenses: $290,508 Revenue: $171,429

PIERCE COUNTY AFFORDABLE HOUSING ASSOCIATION OWNS SUMNER TOWNHOMES, A BUILDING WITH EIGHT RENTAL UNITS TO PROVIDE AFFORDABLE HOUSING FOR PREGNANT AND PARENTING TEEN MOTHERS, AND MANRESA APARTMENTS...

PIERCE COUNTY AFFORDABLE HOUSING ASSOCIATION OWNS SUMNER TOWNHOMES, A BUILDING WITH EIGHT RENTAL UNITS TO PROVIDE AFFORDABLE HOUSING FOR PREGNANT AND PARENTING TEEN MOTHERS, AND MANRESA APARTMENTS, WHICH CONSISTS OF FIVE BUILDINGS, EACH HAVING FOUR TWO-BEDROOM UNITS. MANRESA APARTMENTS ARE FOR LOW INCOME FAMILIES AT OR BELOW 50 PERCENT OF THE MEDIAN INCOME FOR PIERCE COUNTY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $90,066

Program Service Revenue $171,429

Investment Income $930

Other Revenue $0

TOTAL REVENUE $262,425

Expense Breakdown

Grants Paid $28,500

Salaries & Benefits $73,172

Fundraising Expenses $0

Program Expenses $290,508

Other Expenses $234,299

TOTAL EXPENSES $335,971

Year-over-Year Comparison

	2022	2021	Change
Revenue	$262,425	$288,661	-0.1%
Expenses	$335,971	$302,561	+0.1%
Net Income	$-73,546	$-13,900	+4.3%

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

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

$454,788

Total Directors

$673,769

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSE URIARTE	TREASURER	1.00	Officer Director	$0	$30,233	$192,874
ALAN BROWN	EX-OFFICIO	1.00	Director	$0	$26,934	$164,103
BONNIE HILL	EX-OFFICIO	1.00	Director	$0	$17,789	$131,763
CAROL SMITH	PRESIDENT	1.00	Officer Director	$0	$0	$0
TIM RITCHEY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SUE YAMANE	SECRETARY	1.00	Officer Director	$0	$0	$0
MARLENE BREITE	TRUSTEE	1.00	Director	$0	$0	$0
MIKE CURRY	AGENCY DIRECTOR	1.00	Director	$0	$29,176	$185,029
TIM MAY	VP/CFO OF CCS/CHS	1.00	Officer	$0	$10,497	$261,914

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
2023	$262,425	$335,971	$897,544	$-73,546
2022	$288,661	$302,561	$859,126	$-13,900
2021	$313,715	$375,915	$885,594	$-62,200
2020	$282,355	$290,632	$931,653	$-8,277
2019	$269,457	$269,513	$961,585	$-56
2018	$240,053	$271,120	$984,840	$-31,067

PIERCE COUNTY AFFORDABLE HOUSING ASSOCIATION