SPM AFFORDABLE HOUSING CORPORATION (EIN 943297735) - 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

1998

Legal Domicile

Principal Officer

LINDA MANDOLINI

Phone

5105821460

Tax Period

2022-01-01 to 2022-12-31

SPM AFFORDABLE HOUSING CORPORATION, founded in 1998, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2022. Revenue surged 1164% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 100% operating margin.

Mission

TO SERVE AS MANAGING GENERAL PARTNER OF SPM HOUSING ASSOCIATES, LP WHICH OWNS AND OPERATES A LOW-INCOME HOUSING PROJECT

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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 $405

Program Service Revenue $1,099,159

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,099,564

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $75

Other Expenses $2,055

TOTAL EXPENSES $2,055

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,099,564	$86,996	+11.6%
Expenses	$2,055	$50	+40.1%
Net Income	$1,097,509	$86,946	+11.6%

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

$1,278,402

Total Directors

$231,556

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY GREEN	ASSISTANT SECRETARY/DIRECTOR	0.10	Officer Director	$0	$0	$231,556
AMY NECHES	TREASURER/DIRECTOR	0.10	Officer Director	$0	$0	$0
ANNETTE BILLINGSLEY	DIRECTOR	0.10	Director	$0	$0	$0
CALVIN WHITAKER	ASSISTANT SECRETARY/DIRECTOR	0.10	Officer Director	$0	$0	$0
CANDICE GONZALEZ O'HANLON	DIRECTOR	0.10	Director	$0	$0	$0
CHERYL O'CONNOR	SECRETARY/DIRECTOR	0.10	Officer Director	$0	$0	$0
DAVID GARCIA	DIRECTOR	0.10	Director	$0	$0	$0
DOUGLAS KUERSCHNER	DIRECTOR	0.10	Director	$0	$0	$0
GRACE LI HARPER	DIRECTOR	0.10	Director	$0	$0	$0
JAMES KENNEDY	CHAIR/DIRECTOR	0.10	Officer Director	$0	$0	$0
JOSEPH M POSTIGO	DIRECTOR	0.10	Director	$0	$0	$0
JOHN GAFFNEY	DIRECTOR	0.10	Director	$0	$0	$0
KATHLEEN HAMM	DIRECTOR	0.10	Director	$0	$0	$0
NICHOLAS J RANDALL	DIRECTOR	0.10	Director	$0	$0	$0
RUDOLPH JOHNSON III	VICE CHAIR/DIRECTOR	0.10	Officer Director	$0	$0	$0
SEAN CALLUM	DIRECTOR	0.10	Director	$0	$0	$0
SHEILA ANN BURKS	DIRECTOR	0.10	Director	$0	$0	$0
TIMOTHY REILLY	DIRECTOR	0.10	Director	$0	$0	$0
LINDA MANDOLINI	PRESIDENT	0.10	Officer	$0	$43,669	$610,892
TATIANA BLANK	CFO	0.10	Officer	$0	$18,625	$435,954

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
2022	$1,099,564	$2,055	No data	$1,097,509
2021	$86,996	$50	No data	$86,946
2020	$168,688	$440,211	No data	$-271,523
2019	$105,805	$2,000	No data	$103,805
2018	$1,862	$136,098	No data	$-134,236

SPM AFFORDABLE HOUSING CORPORATION