NORWALK HOUSING FOUNDATION INC (EIN 060962362) - 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

2000

Legal Domicile

Principal Officer

ADAM BOVILSKY

Phone

2038388471

Tax Period

2024-04-01 to 2025-03-31

NORWALK HOUSING FOUNDATION INC, founded in 2000, is a small nonprofit in the Community Improvement sector that reported $457K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $120K, a strong 26% operating margin.

Mission

TO PROVIDE SCHOLARSHIPS, EDUCATION, AND YOUTH PROGRAMS FOR TENANTS.

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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 $408,911

Program Service Revenue $0

Investment Income $48,436

Other Revenue $0

TOTAL REVENUE $457,347

Expense Breakdown

Grants Paid $329,012

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $329,012

Other Expenses $7,900

TOTAL EXPENSES $336,912

Year-over-Year Comparison

	2024	2023	Change
Revenue	$457,347	$416,371	+0.1%
Expenses	$336,912	$395,516	-0.1%
Net Income	$120,435	$20,855	+4.8%

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	Role	Reportable Comp	Other Comp	Total
JOHN CHURCH	TREASURER	Director	$0	$0	$0
ISAAC WALCOTT	COMMISSIONER	Director	$0	$0	$0
BRENDA PENN-WILLIAMS	CHAIRMAN	Director	$0	$0	$0
LIZA BERMUDEZ-MONTGOMERY	VICE CHAIR	Director	$0	$0	$0
ADAM BOVILSKY	EXECUTIVE DIRECTOR	Director	$0	$0	$0
TENESHIA JACOBS	COMMISSIONER	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
2025	$457,347	$336,912	$1,250,041	$120,435
2024	$416,371	$395,516	$1,094,884	$20,855
2023	$345,382	$323,998	$1,088,517	$21,384
2022	$279,184	$226,892	$1,069,395	$52,292
2021	$396,243	$296,892	$1,000,353	$99,351
2020	$227,368	$193,157	$901,002	$34,211
2019	$250,432	$229,063	$872,291	$21,369

NORWALK HOUSING FOUNDATION INC