NEIGHBORHOOD ASSISTANCE CORPORATION OF AMERICA (EIN 043244616) - 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

1994

Legal Domicile

Principal Officer

BRUCE MARKS

Phone

6172506222

Tax Period

2023-01-01 to 2023-12-31

NEIGHBORHOOD ASSISTANCE CORPORATION OF AMERICA, founded in 1994, is a mid-sized nonprofit that reported $38.9M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $14.6M, a strong 38% operating margin.

Mission

TO STABILIZE COMMUNITIES THROUGH AFFORDABLE HOMEOWNERSHIP AND COMMUNITY ADVOCACY. NACA PROVIDES UNPRECEDENTED HOMEOWNERSHIP OPPORTUNITIES FOR PRIMARILY LOW AND MODERATE INCOME PEOPLE AND PEOPLE PURCHASING IN LOW AND MODERATE INCOME COMMUNITIES PRIMARILY THROUGH EDUCATION, MORTGAGE ASSISTANCE AND MORTGAGE ORIGINATION IN COMBINATION WITH ACCESS TO AFFORDABLE MORTGAGES. NACA ALSO ASSISTS HOMEOWNERS WHO HAVE AN UNAFFORDABLE MORTGAGE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $34,613,078

Investment Income $4,269,011

Other Revenue $0

TOTAL REVENUE $38,882,089

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,750,802

Fundraising Expenses $0

Program Expenses $18,809,335

Other Expenses $8,493,955

TOTAL EXPENSES $24,244,757

Year-over-Year Comparison

	2023	2022	Change
Revenue	$38,882,089	$42,309,808	-0.1%
Expenses	$24,244,757	$21,454,246	+0.1%
Net Income	$14,637,332	$20,855,562	-0.3%

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

442

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

$532,522

Total Directors

$414,439

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE MARKS	PRESIDENT	43.00	Officer Director	$239,809	$26,972	$266,781
GLYNN LLOYD	TREASURER	0.50	Officer Director	$0	$0	$0
MARISSA LANDRAU-PIRAZZI	CLERK	43.00	Officer	$118,083	$0	$118,083
KIMBERLY DALTON	VICE-PRESIDENT	0.25	Officer Director	$0	$0	$0
JEROME WASHINGTON	VICE-PRESIDENT	0.25	Officer Director	$147,658	$0	$147,658
ZAKKIYAH WALKER	VICE-PRESIDENT	0.25	Officer Director	$0	$0	$0
LINDA MOTEN	DIRECTOR	0.25	Director	$0	$0	$0
DOUGLAS FIERBERG	DIRECTOR	0.50	Director	$0	$0	$0
LEA WATTERSON	TRAINING DIRECTOR	43.00	Highest	$180,960	$22,227	$203,187
ERICK EXUM	UNDERWRITING OFFICER	43.00	Highest	$176,713	$19,217	$195,930
DIEGO LUQUE	OPERATIONS	10.00	Highest	$167,804	$20,857	$188,661
NHUT NGUYEN	INFORMATION TECHNOLOGY IT	43.00	Highest	$166,598	$23,785	$190,383

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	No data	No data	No data	No data
2023	$38,882,089	$24,244,757	$232,658,936	$14,637,332
2022	$42,309,808	$21,454,246	$273,299,934	$20,855,562
2021	$49,655,624	$23,824,763	$267,784,866	$25,830,861
2020	$59,160,168	$29,332,939	$258,038,197	$29,827,229
2019	$53,665,341	$24,531,032	$230,954,385	$29,134,309
2018	$40,057,952	$21,977,255	$204,907,165	$18,080,697

NEIGHBORHOOD ASSISTANCE CORPORATION OF AMERICA