NORTH HAVEN OPPORTUNITY FOR AFFORD… - Form 990 Financial Data

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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

1993

Legal Domicile

Principal Officer

LORRAINE MARTIN

Phone

2032482324

Tax Period

2025-01-01 to 2025-12-31

NORTH HAVEN OPPORTUNITY FOR AFFORDABLE HOUSING INC, founded in 1993, is a micro nonprofit in the Housing & Shelter sector that reported $99K in total revenue in fiscal year 2025. Net assets of $1.1M represent 133 months of operating reserves.

Mission

ADVOCATE FOR AND CONSTRUCT AFFORDABLE HOUSING IN NORTH HAVEN, CT

Program Service Accomplishments

Program 1

Expenses: $93,704 Revenue: $98,865

NORTH HAVEN OPPORTUNITY FOR AFFORDABLE HOUSING INC.,HAS CONSTRUCTED AN AFFORDABLE RENTAL HOUSING (8 UNIT)PROJECT THAT STARTED IN NOVEMBER 2018 AND THE CONSTRUCTION ENDED AT THE END OF THE 2019 YEAR. THIS PROJECT IS FINANCED BY A LONG TERM LOAN FROM THE CONNECTICUT DEPARTMENT OF HOUSING. THE MAINTENANCE AND OPERATIONS OF THE FACILITY IS REPORTED FROM THE 2020 YEAR TO THE PRESENT.

Program 2

Expenses: $9,290 Revenue: $0

NORTH HAVEN OPPORTUNITY FOR AFFORDABLE HOUSING INC., CONTINUES TO MONITOR RESALES AT SUMMERDALE TO ENSURE THAT BUYERS ARE INCOME ELIGIBLE AND THAT THE PRICES DO NOT EXCEED GUIDELINES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $98,864

Investment Income $203

Other Revenue $0

TOTAL REVENUE $99,067

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,565

Fundraising Expenses $0

Program Expenses $102,994

Other Expenses $77,429

TOTAL EXPENSES $102,994

Year-over-Year Comparison

	2025	2024	Change
Revenue	$99,067	$91,759	+0.1%
Expenses	$102,994	$98,143	+0.0%
Net Income	$-3,927	$-6,384	-0.4%

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

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
MARJORIE ALLEN DAUSTER	PRESIDENT	5.00	Officer Director	$0	$0	$0
SANDRA STETSON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SUSAN COMPTON	SECRETARY	2.00	Officer Director	$0	$0	$0
LORRAINE MARTIN	TREASURER	15.00	Officer 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	$99,067	$102,994	$4,261,015	$-3,927
2024	$91,759	$98,143	$4,268,901	$-6,384
2023	$83,098	$84,535	$4,263,213	$-1,437
2022	$82,445	$105,598	$4,265,794	$-23,153
2021	$89,704	$112,515	$4,270,847	$-22,811
2020	$110,785	$94,751	$4,300,460	$16,034
2019	$461,113	$16,829	$4,170,595	$444,284

NORTH HAVEN OPPORTUNITY FOR AFFORDABLE HOUSING INC