AFFORDABLE HOUSING FIRST CORP C/O MICHAEL HARBISON (EIN 991045419) - 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

2024

Legal Domicile

Principal Officer

KEVIN C HARRIMAN

Phone

4077399381

Tax Period

2024-01-01 to 2024-12-31

AFFORDABLE HOUSING FIRST CORP C/O MICHAEL HARBISON, founded in 2024, is a small nonprofit in the Housing & Shelter sector that reported $306K in total revenue in fiscal year 2024. The organization ran a surplus of $284K, a strong 93% operating margin.

Mission

THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY AS A CORPORATION NOT-FOR-PROFIT AND;FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERAY AND EDUCATIONAL PURPOSES, CONSISTENT WITH SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 AS AMENDED AND THE TREASURY REGULATIONS ISSUED THEREUNDER OR THE CORRESPONDING PROVISION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW. THIS CORPORATION PRIMARILY IS ORGANIZED TO DEVELOP, OWN AND OPERATE AFFORDABLE HOUSING TO ADDRESS THE DEVELOPMENT OF AFFORDABLE COMMUNITIES FOR THE VERY LOW TO MODERATE INCOME AND TO SUPPORT AND CORDINATE PROGRAMS FORADULTS WITH DISABILITIES AND HOMELESS PERSONS TO FACILITATE THE DEVELOPMENT OF INDEPENDENT LIVING, SKILLS AD TO SOLICIT, RECEIVE AND DISBURSE FUNDS IN SUPPORT OF ITS OWN AND SIMILAR PROGRAMS AND ORGANIZATIONS.

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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 $306,100

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $306,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,500

Fundraising Expenses $1,500

Program Expenses $13,297

Other Expenses $14,810

TOTAL EXPENSES $22,310

Year-over-Year Comparison

	2024	2023	Change
Revenue	$306,100	N/A	N/A
Expenses	$22,310	N/A	N/A
Net Income	$283,790	N/A	N/A

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

N/A

Employees

N/A

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

$7,500

Total Directors

$7,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN C HARRIMAN	PRESIDENT	40.00	Officer Director	$7,500	$0	$7,500
JAMES P ELKINS	SECRETARY	5.00	Officer Director	$0	$0	$0
MICHAEL HARBISON	TREASURER	40.00	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	$306,100	$22,310	$1,453,790	$283,790

AFFORDABLE HOUSING FIRST CORP C/O MICHAEL HARBISON