TCAH_JOINT BOARD MEETING_PRESENTATION_3.30.26.PDF

Tempe City Council 
Tempe Coalition for Affordable Housing, Inc. 
Joint Meeting
March 30, 2026

Purpose 
We envision a world where every person has a safe and 
secure place to call home, allowing them to thrive in their 
life and community.
Mission
We’re providing permanently affordable housing options in 
the City of Tempe.
2

Core Services & Goals
We collaborate with diverse stakeholders, including property developers, city leaders, and 
financial experts. These partnerships enable us to expand our impact and create a 
supportive infrastructure that enhances both housing and community well-being.
 
Beyond providing permanently affordable housing, we contribute to broader community 
development by fostering inclusive and vibrant neighborhoods. Our projects are designed to 
integrate well into the local fabric, enhancing overall quality of life for all Tempe residents.
 
We actively work to overcome local obstacles such as funding limitations and the 
concentration of poverty. Through strategic partnerships and innovative funding 
mechanisms, we help to address these challenges and advance local development goals.
3

Current Portfolio Overview 
Portfolio valued at $17.9M
73 permanently affordable units 
12 Single Family homes
2 Apartments
25 Condos 
3 Duplexes 
1 Triplex
4

2026 Key Accomplishments 
La Victoria Commons Funding Partner 
Develop 40-60 permanently affordable units and homeownership opportunities
Housing Renovations: 2 Completed  3 Planned 
Expanded Community Presence & Outreach 
Established TCAH Brand and Visual Identity
5

Financial Update
Theresa Carmichael

Tempe Coalition for Affordable Housing
Statement of Financial Position
As of December 31, 2025
Accrual Basis  Friday, January 16, 2026 09:22 AM GMT-07:00
  1/2
TOTAL
AS OF DEC 31, 2025
AS OF DEC 31, 2024 (PY)
ASSETS
Current Assets
Bank Accounts
CD-Chase
153,296.99
Checking - Chase
477,885.51
2,632,761.45
Checking - Chase 2
18,000.00
2,743,000.00
Checking - Chase 3
2,000.00
2,000.00
Checking - Prop Mgt (MEB)
136,499.32
228,642.08
Checking - Security Dep (MEB)
45,307.82
43,652.74
Petty Cash
300.00
300.00
Savings-Raymond James XX3361
2,017,858.33
Total Bank Accounts
$2,851,147.97
$5,650,356.27
Accounts Receivable
$38,434.39
$25,679.49
Other Current Assets
Investments-RJ AMB XX5257
580,560.65
Investments-RJ Retail XX6622
1,001.48
Investments-RJ SMA XX2662
2,602,346.22
Investments-Unrealized Gain/Loss
-35,201.50
Prepaid Expense
68,154.88
17,049.98
Total Other Current Assets
$3,216,861.73
$17,049.98
Total Current Assets
$6,106,444.09
$5,693,085.74
Fixed Assets
15100 Rental Properties
12,028,413.85
10,926,041.14
15200 Property Improvements
1,082,779.44
826,095.57
15500 Land
6,096,923.50
5,821,923.50
16500 Accumulated Depreciation
-1,255,388.26
-938,438.33
Total Fixed Assets
$17,952,728.53
$16,635,621.88
Other Assets
17100 Loan Receivable-La Victoria Commons
702,069.00
18100 Deposits
0.00
18,000.00
18800 Intangible Assets-Domain/Website
39,817.41
18850 Accumulated Amortization
-676.35
Total Other Assets
$741,210.06
$18,000.00
TOTAL ASSETS
$24,800,382.68
$22,346,707.62

Tempe Coalition for Affordable Housing
Statement of Financial Position
As of December 31, 2025
Accrual Basis  Friday, January 16, 2026 09:22 AM GMT-07:00
  2/2
TOTAL
AS OF DEC 31, 2025
AS OF DEC 31, 2024 (PY)
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Other Current Liabilities
Accrued Expenses
16,749.80
17,103.91
Prepaid Rents
5,903.21
27,540.48
Sales Tax/TPT Payable
0.00
2,853.12
Security Deposits
45,307.82
43,652.74
Total Other Current Liabilities
$67,960.83
$91,150.25
Total Current Liabilities
$67,960.83
$91,150.25
Total Liabilities
$67,960.83
$91,150.25
Equity
Net Assets
22,255,557.37
18,667,718.60
Net Revenue
2,476,864.48
3,587,838.77
Total Equity
$24,732,421.85
$22,255,557.37
TOTAL LIABILITIES AND EQUITY
$24,800,382.68
$22,346,707.62

Tempe Coalition for Affordable Housing
Statement of Activity
January - December 2025
Accrual Basis  Friday, January 16, 2026 09:28 AM GMT-07:00
  1/2
TOTAL
JAN - DEC 2025
JAN - DEC 2024 (PP)
Revenue
41000 Rents Received
41100 Gross Potential Rents
1,638,310.04
1,411,537.99
41200 Tenant Subsidy
-515,887.08
-451,980.61
41300 Loss to Vacancy
-235,578.22
-159,443.02
Total 41000 Rents Received
886,844.74
800,114.36
41600 Rental Late Fees
13,261.00
11,275.00
41700 Rental Miscellaneous Income
12,313.20
7,357.32
47000 Contributions
2,556,642.29
3,772,060.97
Total Revenue
$3,469,061.23
$4,590,807.65
GROSS PROFIT
$3,469,061.23
$4,590,807.65
Expenditures
Bad Debt Expense
13,186.44
14,034.86
Bank Charges
110.00
25.00
Cleaning
4,210.00
2,140.00
Depreciation
317,626.28
245,025.56
Donations
289,673.14
Electric
18,343.64
16,658.01
Gas/Propane
444.92
391.46
HOA Fees
79,406.58
75,143.54
Insurance
85,720.78
68,576.89
Internet
7,881.95
6,781.11
Landscaping
75,712.62
27,701.84
Legal & Professional
98,047.50
97,078.25
Licenses/Permits
100.00
Management Fees
218,920.30
182,377.86
Meetings, Conferences
4,023.17
Notice/Application Fees
1,297.78
887.00
Office Expense
3,876.06
2,648.45
Other Rental Expense
1,852.12
1,893.73
Pest Control
18,336.59
11,794.00
Property Taxes
19,368.49
Repairs & Maintenance
131,278.27
70,448.62
Security
7,621.32
18,089.72
Supplies
39,576.62
20,632.44
Training
3,550.00
220.00
Water/Sewer/Trash
31,700.37
18,745.68
Total Expenditures
$1,162,723.31
$1,190,435.65
NET OPERATING REVENUE
$2,306,337.92
$3,400,372.00

Tempe Coalition for Affordable Housing
Statement of Activity
January - December 2025
Accrual Basis  Friday, January 16, 2026 09:28 AM GMT-07:00
  2/2
TOTAL
JAN - DEC 2025
JAN - DEC 2024 (PP)
Other Revenue
Gain/Loss on Disposal of Assets
186,966.99
Interest Income
184,371.04
499.78
Total Other Revenue
$184,371.04
$187,466.77
Other Expenditures
Investment Fees
13,844.48
Total Other Expenditures
$13,844.48
$0.00
NET OTHER REVENUE
$170,526.56
$187,466.77
NET REVENUE
$2,476,864.48
$3,587,838.77

Portfolio Performance Update
Danielle Amorosa

Month:
Asset Director:
Manager:
,
Monthly 
Monthly 
MO $$
MO %
YTD 
YTD 
YTD $$
YTD %
(Red indicates unfavorable variance)
Actual
Budget
Var
Var
Actual
Budget
Var
Var
Rental Income
$66,521
$96,728
($30,207)
-31%
$130,526
$191,996
($61,470)
-32%
Other Income
$2,970
$2,103
$867
41%
$3,978
$3,718
$260
7%
Total Income
$69,491
$98,831
($29,340)
-30%
$134,505
$195,714
($61,209)
-31%
Operating Expense
$44,270
$50,186
$5,916
12%
$84,450
$104,475
$20,025
19%
Net Operating Income
$25,221
$48,645
($23,424)
-48%
$50,055
$91,239
($41,185)
-45%
Capital Expense
$0
$0
$0
0%
$0
$0
$0
0%
Annualized Op Exp/Unit
Total Units
0
Total Occupied Units
61
Total Occupied Sq. Ft
0
Eff Rent Per Occupied Unit - This Month
$1,091
Eff Rent Per Occupied Sq Ft - This Month
$0.00
ASSET OVERVIEW
Financial Highlights
February 2026
1 of 2

Month:
Asset Director:
Manager:
EOM Occupancy
80.55%
Shows
1
Leases Expiring
2
Total Units
0
Applied
2
Lease Renewals
2
Total Sq. Ft
0
Cancels/Denials
1
Renewal Ratio
100%
Total Occ. Units
61
Net Leases
1
MTM Lease Expiring
15
Total Occ. Sq. Ft
0
Net Closing Ratio
100.00%
Exposure Ratio including 
MTM
88%
Total Vac.Units
11
Move-ins
3
Notices Received
5
Market Ready
6
Move-outs
0
Notices Pre-Leased
0
Market Ready %
54.55%
Aged Payables
$0.00
Resident Delinquency
$6,403.27
Aged Payable Details:
Print/Internet Ads:
Additional Marketing:
Month to Month Premium
Move In Concessions:
Lease Renewal Concessions:
Resident Functions:
Renovations:
Pending Litigation:
N/A
2543/3706/904 nunder renovation.
February 2026
N/A
N/A
N/A
Aged Payables
No payables open in February
Craigs List, MyHousingSearch.com, MySection8.org, Affordablehousing.org and Irma is sending out email blasts to contacts with in the 
organisation for additional leads.
Concessions:
N/A
Monthly Statistics
           Property Statistics
Marketing:
                      
N/A
2 of 2

Tempe Coalition for Affordable Housing, Inc.  
Irma Hollamby Cain, Board President
Cathy Chiang, Vice President 
Manjula Vaz, Member
Dan Colton, Member