HAVEN FOR AFFORDABLE HOUSING INC (EIN 954328705) - 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

1991

Legal Domicile

Principal Officer

CHRISTOPHER WHITE

Phone

8182907410

Tax Period

2024-04-01 to 2025-03-31

HAVEN FOR AFFORDABLE HOUSING INC, founded in 1991, is a small nonprofit in the Community Improvement sector that reported $937K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $841K left a modest 10% surplus.

Mission

PROVIDING LOW-INCOME HOUSING TO FAMILIES WITH LOW AND MODERATE INCOME.

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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 $688,537

Investment Income $244,468

Other Revenue $3,823

TOTAL REVENUE $936,828

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $704,141

Fundraising Expenses $0

Program Expenses $616,422

Other Expenses $121,682

TOTAL EXPENSES $840,823

Year-over-Year Comparison

	2024	2023	Change
Revenue	$936,828	$831,827	+0.1%
Expenses	$840,823	$800,073	+0.1%
Net Income	$96,005	$31,754	+2.0%

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

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

$662,540

Total Directors

$662,540

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER WHITE	PRESIDENT	17.00	Officer Director	$247,680	$0	$247,680
KAREN STEINBAUM	VICE PRESIDENT	5.00	Officer Director	$124,500	$0	$124,500
JUDAH ELCAYAM	TREASURER	12.00	Officer Director	$249,360	$0	$249,360
BRUCE STEINBAUM	SECRETARY	5.00	Officer Director	$41,000	$0	$41,000
JACQUIE JONES	DIRECTOR	0.50	Director	$0	$0	$0
LINDA DELANEY	DIRECTOR	0.50	Director	$0	$0	$0
CARMEN CARRILLO HARPER	DIRECTOR	0.50	Director	$0	$0	$0
CYNTHIA CROY	DIRECTOR	0.50	Director	$0	$0	$0
SARA TAKARTA	DIRECTOR	0.50	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	$936,828	$840,823	$4,311,298	$96,005
2024	$831,827	$800,073	$4,215,293	$31,754
2023	$714,819	$719,683	$4,184,511	$-4,864
2022	$1,115,007	$626,352	$4,189,476	$488,655
2021	$742,603	$597,192	$3,700,821	$145,411
2019	$686,876	$443,409	$3,234,734	$243,467
2018	$758,164	$362,028	$2,991,267	$396,136

HAVEN FOR AFFORDABLE HOUSING INC