AM AFFORDABLE HOUSING INC

EIN: 943462665 501(c)(3) Housing & Shelter

COCONUT GROVE, FL

Total Revenue
$842,185
Total Expenses
$1,008,503
Total Assets
$545,522
Net Assets
$545,522
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
FL
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

TO PROVIDE FINANCIAL AND OTHER ASSISTANCE TO THOSE IN NEED AND THE DISADVANTAGED AS WELL AS TO ENGAGE IN ANY OTHER LAWFUL ACT OR ACTIVITY FOR WHICH THE CORPORATION MAY BE ORGANIZED UNDER THE NON-PROFIT CORPORATION LAW OF THE STATE OF FLORIDA.

Program Service Accomplishments

Program 1
Expenses: $1,008,503 Revenue: $828,590

DEVELOP AND MAINTAIN SAFE AFFORDABLE HOUSING FOR LOW-INCOME AND ELDERLY PERSONS IN FLORIDA. PROVIDE SUCH EDUCATIONAL, SUPPORTIVE, AND REFERRAL SERVICES TO LOW-INCOME AND ELDERLY PERSONS AS MAY BE...

Read more

DEVELOP AND MAINTAIN SAFE AFFORDABLE HOUSING FOR LOW-INCOME AND ELDERLY PERSONS IN FLORIDA. PROVIDE SUCH EDUCATIONAL, SUPPORTIVE, AND REFERRAL SERVICES TO LOW-INCOME AND ELDERLY PERSONS AS MAY BE NECESSARY AND APPROPRIATE TO THE ACCOMPLISHMENT. ALL EXPENSES INCURRED BY THE CORPORATION ARE FOR THIS PURPOSE. PROGRAM REVENUE FOR THE CORPORATION INCLUDE DEVELOPMENT FEES RECEIVED FROM RELATED PARTNERSHIPS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
2

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
3
$250,000
Total Directors
3
$250,000
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
→Top 100 Nonprofits in Florida →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare AM AFFORDABLE HOUSING INC with other nonprofits in Florida and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.