Satellite Affordable Housing Associates (EIN 943186770) - 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

1993

Legal Domicile

Principal Officer

RAULY BUTLER

Phone

5106470700

Tax Period

2023-07-01 to 2024-06-30

Satellite Affordable Housing Associates, founded in 1993, is a mid-sized nonprofit in the Housing & Shelter sector that reported $29.1M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $10.8M, a strong 37% operating margin.

Mission

Satellite Affordable Housing Associates (SAHA) provides quality affordable homes and services that empower people and strengthen neighborhoods.

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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 (2023)

Revenue Breakdown

Contributions & Grants $14,253,900

Program Service Revenue $13,568,844

Investment Income $1,163,835

Other Revenue $148,645

TOTAL REVENUE $29,135,224

Expense Breakdown

Grants Paid $1,019,412

Salaries & Benefits $9,580,304

Fundraising Expenses $25,344

Program Expenses $13,016,473

Other Expenses $7,692,649

TOTAL EXPENSES $18,292,365

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,135,224	$38,332,149	-0.2%
Expenses	$18,292,365	$26,480,113	-0.3%
Net Income	$10,842,859	$11,852,036	-0.1%

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

133

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

$615,541

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS EARLEY	COO & PRES OF PM	39.00		$312,865	$33,792	$382,357
SUSAN FRIEDLAND	CEO	39.00	Officer	$337,373	$32,916	$370,289
MIRIAM BENAVIDES	CHIEF PEOPLE OFCR	39.00		$279,249	$30,114	$309,363
EVE STEWART	SR VP OF RED	39.00		$268,658	$31,175	$299,833
JOSE SANCHEZ	VP OF FINANCE	39.00	Officer	$204,141	$41,111	$245,252
SARA ABRAMOWITZ-HILL	VP OF ASSET MGMT	39.00		$176,264	$25,290	$201,554
CRISTI RITSCHEL	VP RES SVCS	39.00		$175,994	$24,414	$200,408
RAULY BUTLER	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
SMITHA SESHADRI	VICE CHAIR	1.00	Officer Director	$0	$0	$0
FRANCINE WILLIAMS	Secretary	1.00	Officer Director	$0	$0	$0
SCOTT SMITH	Treasurer	1.00	Officer Director	$0	$0	$0
ANTHONY BARRON	MEMBER	1.00	Director	$0	$0	$0
GREG CHIN	MEMBER	1.00	Director	$0	$0	$0
SAGE B FOSTER	MEMBER	1.00	Director	$0	$0	$0
DAVID GREENSFELDER	MEMBER	1.00	Director	$0	$0	$0
MIKE JACOB	MEMBER	1.00	Director	$0	$0	$0
KAREN JACOBS	MEMBER	1.00	Director	$0	$0	$0
JOY MOORE	MEMBER	1.00	Director	$0	$0	$0
JAMES REILLY	MEMBER	1.00	Director	$0	$0	$0
RON RIDLEY	MEMBER	1.00	Director	$0	$0	$0
JACEE SANTOS	MEMBER	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
2025	No data	No data	No data	No data
2024	$29,135,224	$18,292,365	$124,688,183	$10,842,859
2023	$38,332,149	$26,480,113	$107,434,781	$11,852,036
2022	$13,591,508	$15,095,071	$83,294,736	$-1,503,563
2021	$20,274,225	$13,534,342	$85,544,141	$6,739,883
2020	$16,759,004	$10,900,313	$79,465,468	$5,858,691
2019	$30,604,917	$9,661,166	$76,327,198	$20,943,751
2018	$17,461,616	$8,272,844	$51,637,742	$9,188,772

Satellite Affordable Housing Associates