NEIGHBORHOOD OF AFFORDABLE HOUSING INC (EIN 042964630) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

PHILIP GIFFEE

Phone

6175675882

Tax Period

2024-01-01 to 2024-12-31

NEIGHBORHOOD OF AFFORDABLE HOUSING INC, founded in 1986, is a community nonprofit in the Housing & Shelter sector that reported $5.7M in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $6.9M exceeded revenue, resulting in a 20% operating deficit.

Mission

THE NEIGHBORHOOD OF AFFORDABLE HOUSING INC.'S (NOAH), A COMMUNITY DEVELOPMENT CORPORATION, PROMOTES EQUITY, COMMUNITY COHESION, ENVIRONMENTAL JUSTICE, AND ECONOMIC RESILIENCY. WE INCREASE ACCESS TO AFFORDABLE HOUSING, CREATE SOCIAL AND ECONOMIC OPPORTUNITIES, AND EMPOWER RESIDENTS TO BE LEADERS OF CHANGE.

🔒

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,314,055

Program Service Revenue $2,386,006

Investment Income $0

Other Revenue $44,126

TOTAL REVENUE $5,744,187

Expense Breakdown

Grants Paid $20,623

Salaries & Benefits $2,211,179

Fundraising Expenses $220,224

Program Expenses $6,320,886

Other Expenses $4,670,605

TOTAL EXPENSES $6,902,407

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,744,187	$10,832,448	-0.5%
Expenses	$6,902,407	$11,789,454	-0.4%
Net Income	$-1,158,220	$-957,006	+0.2%

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

Governance

Voting Members

Independent Members

Employees

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

$340,101

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BRYANT	PRESIDENT	0.25	Officer Director	$0	$0	$0
CELSA MORENO-BARKER	VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
MEGAN REAGON	TREASURER	0.25	Officer Director	$0	$0	$0
ROBERT SCHMIDT	SECRETARY/ CLERK	0.25	Officer Director	$0	$0	$0
ANA ALONZO	BOARD MEMBER	0.25	Director	$0	$0	$0
MONICA BARRERA	BOARD MEMBER	0.25	Director	$0	$0	$0
NINA GAETA COLETTA	BOARD MEMBER	0.25	Director	$0	$0	$0
CATHERINE MCCANDLESS	BOARD MEMBER	0.25	Director	$0	$0	$0
DAVID VILLANEUVA	BOARD MEMBER	0.25	Director	$0	$0	$0
PHILIP GIFFEE	EXECUTIVE DIRECTOR	37.50	Officer	$171,666	$35,094	$206,760
VINNY QUALTIERI	DIRECTOR OF FINANCE & ADMIN	37.50	Officer	$121,870	$11,471	$133,341
LINDA MILLER-FOSTER	DIR. OF ADMIN. AND FUNDRAISING	37.50	Highest	$117,667	$13,157	$130,824
DIANA FRANCO	DIRECTOR HOMEOWNERSHIP/BHA PROGRAM	37.50	Highest	$100,561	$22,750	$123,311

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	$5,744,187	$6,902,407	$28,873,302	$-1,158,220
2023	$10,832,448	$11,789,454	$28,368,872	$-957,006
2022	$12,033,163	$12,482,189	$30,349,650	$-449,026
2021	$13,300,567	$13,295,450	$27,971,204	$5,117
2020	$7,847,355	$7,700,568	$26,319,320	$146,787
2019	$4,524,883	$5,179,420	$23,988,202	$-654,537
2018	$4,337,698	$4,667,359	$21,241,946	$-329,661

NEIGHBORHOOD OF AFFORDABLE HOUSING INC