NEIGHBORHOOD DEVELOPMENT ASSOCINC

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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

Principal Officer

CHRISTINE NEWHALL

Phone

7814772800

Tax Period

2024-07-01 to 2025-06-30

NEIGHBORHOOD DEVELOPMENT ASSOCINC is a small nonprofit in the Housing & Shelter sector that reported $167K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $267K exceeded revenue, resulting in a 60% operating deficit.

Mission

BLDG HOMES FOR LOW TO MODERATE INCOME BUYERS

Program Service Accomplishments

Program 1

Expenses: $12,035

THE ORGANIZATION ACQUIRES PROPERTY THAT IS LOCATED IN LOW-MODERATE INCOME NEIGHBORHOODS THEY BUILD HOMES AND SELL TO LOW INCOME FAMILIES

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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 $1,100

Program Service Revenue $0

Investment Income $138,374

Other Revenue $27,462

TOTAL REVENUE $166,936

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,658

Fundraising Expenses $0

Program Expenses $16,438

Other Expenses $184,796

TOTAL EXPENSES $267,454

Year-over-Year Comparison

	2024	2023	Change
Revenue	$166,936	$325,376	-0.5%
Expenses	$267,454	$618,310	-0.6%
Net Income	$-100,518	$-292,934	-0.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL DEJOIE	CLERK	N/A	Officer	$0	$0	$0
WASCAR DELEON	VICE CHAIRPE	N/A	Officer	$0	$0	$0
CHRISTINE NEWHALL	CHAIRPERSON	N/A	Officer	$0	$0	$0
JOSEPH SCANLON	TREASURER	N/A	Officer	$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	$166,936	$267,454	$10,190,628	$-100,518
2024	$325,376	$618,310	$10,178,056	$-292,934
2023	$2,937,689	$2,989,554	$10,339,093	$-51,865
2022	$2,444,717	$264,144	$7,920,138	$2,180,573
2021	$725,400	$556,070	$9,629,660	$169,330
2020	$535,643	$270,508	$7,789,741	$265,135
2019	$2,159,040	$1,043,572	$7,503,657	$1,115,468
2018	$1,098,167	$893,162	$4,173,970	$205,005