ABODE HOUSING DEVELOPMENT (EIN 943205085) - 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

1994

Legal Domicile

Principal Officer

LOUIS CHICOINE

Phone

5106577409

Tax Period

2022-07-01 to 2023-06-30

ABODE HOUSING DEVELOPMENT, founded in 1994, is a mid-sized nonprofit in the Housing & Shelter sector that reported $13.6M in total revenue in fiscal year 2022. Revenue surged 74% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.2M, a strong 53% operating margin.

Mission

DEVELOP AND PROVIDE AFFORDABLE HOUSING OR LOW-INCOME AND SPECIAL NEEDS HOUSEHOLDS.

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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 $1,399,336

Program Service Revenue $5,897,008

Investment Income $6,302,858

Other Revenue $5,598

TOTAL REVENUE $13,604,800

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,552,716

Fundraising Expenses $10,574

Program Expenses $4,813,192

Other Expenses $3,803,016

TOTAL EXPENSES $6,355,732

Year-over-Year Comparison

	2022	2021	Change
Revenue	$13,604,800	$7,841,164	+0.7%
Expenses	$6,355,732	$5,946,118	+0.1%
Net Income	$7,249,068	$1,895,046	+2.8%

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

$810,331

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TARRAH HENRIE	PRESIDENT	2.00	Officer Director	$0	$0	$0
TEJAS SARAIYA	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DARRIAN WHITE	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN LEE	TREASURER	2.00	Officer Director	$0	$0	$0
ROHIT ANGLE	BOARD DIRECTOR	1.00	Director	$0	$0	$0
JOHN BARTON	BOARD DIRECTOR	1.00	Director	$0	$0	$0
VISHNU BERI	BOARD DIRECTOR	1.00	Director	$0	$0	$0
SAMEER BHASIN	BOARD DIRECTOR	1.00	Director	$0	$0	$0
ERIC BISHOP	BOARD DIRECTOR	1.00	Director	$0	$0	$0
ANN DANNER	BOARD DIRECTOR	1.00	Director	$0	$0	$0
JOHN DOMANTAY	BOARD DIRECTOR	1.00	Director	$0	$0	$0
BRIAN FRISS	BOARD DIRECTOR	1.00	Director	$0	$0	$0
BRIAN GIN	BOARD DIRECTOR	1.00	Director	$0	$0	$0
RESHMA INAMDAR	BOARD DIRECTOR	1.00	Director	$0	$0	$0
HASSAN KHAWAJA	BOARD DIRECTOR	1.00	Director	$0	$0	$0
KEN SMITH	BOARD DIRECTOR	1.00	Director	$0	$0	$0
TOM WASOW	BOARD DIRECTOR	1.00	Director	$0	$0	$0
LOUIS CHICOINE	EXECUTIVE DIRECTOR	7.00	Officer	$0	$0	$300,007
JOHN REIBER	CHIEF FINANCIAL OFFICER	5.00	Officer	$0	$9,324	$230,183
VIVIAN WAN	CHIEF OPERATING OFFICER	7.00	Officer	$0	$10,391	$280,141
JONATHAN WHITE	CHIEF REAL ESTATE OFFICER	24.00	Highest	$0	$28,315	$202,471
MARILYN LOVELACE-GRANT	VP OF HUMAN RESOURCES	4.00	Highest	$0	$19,768	$184,587
JUANA DENISE NUNLEY	CHIEF PROPERTY MANAGEMENT OFFICER	8.00	Highest	$0	$12,090	$166,434
BRONWYN HOGAN	VP COMMUNITY RELATIONS	4.00	Highest	$0	$11,998	$165,997

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$13,604,800	$6,355,732	$98,600,073	$7,249,068
2022	$7,841,164	$5,946,118	$44,324,114	$1,895,046
2021	$10,420,708	$4,210,937	$49,648,771	$6,209,771
2020	$5,451,961	$4,781,990	$47,320,361	$669,971
2019	$3,952,115	$3,794,380	$46,357,799	$157,735
2018	$4,303,954	$3,177,560	$32,197,379	$1,126,394

ABODE HOUSING DEVELOPMENT