AM AFFORDABLE HOUSING INC (EIN 943462665) - 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

2008

Legal Domicile

Principal Officer

ALONZO MOURNING

Phone

3055299506

Tax Period

2024-01-01 to 2024-12-31

AM AFFORDABLE HOUSING INC, founded in 2008, is a small nonprofit in the Housing & Shelter sector that reported $842K in total revenue in fiscal year 2024. Expenses of $1.0M exceeded revenue, resulting in a 20% operating deficit.

Mission

AFFORDABLE HOUSING FOR LOW-INCOME AND ELDERLY PERSONS IN THE STATE OF FLORIDA.

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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 $0

Program Service Revenue $828,590

Investment Income $13,595

Other Revenue $0

TOTAL REVENUE $842,185

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,008,503

Other Expenses $1,008,503

TOTAL EXPENSES $1,008,503

Year-over-Year Comparison

	2024	2023	Change
Revenue	$842,185	$814,316	+0.0%
Expenses	$1,008,503	$1,252,713	-0.2%
Net Income	$-166,318	$-438,397	-0.6%

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

$250,000

Total Directors

$250,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALONZO MOURNING	PRESIDENT	1.00	Officer Director	$250,000	$0	$250,000
ALONZO H MOURNING III	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ALLEN FURST	SECRETARY, TREASURER	1.00	Officer 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
2024	$842,185	$1,008,503	$545,522	$-166,318
2023	$814,316	$1,252,713	$711,667	$-438,397
2022	$1,484,742	$1,205,072	$1,150,067	$279,670
2021	$311,410	$64,275	$870,340	$247,135
2020	$229,580	$78,775	$623,205	$150,805
2019	$47,943	$46,275	$472,400	$1,668
2018	$36,349	$31,336	$470,732	$5,013

AM AFFORDABLE HOUSING INC