NORTH HAVEN OPPORTUNITY FOR AFFORDABLE HOUSING INC (EIN 061384957) - 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

1993

Legal Domicile

Principal Officer

LORRAINE MARTIN

Phone

2032482324

Tax Period

2024-01-01 to 2024-12-31

NORTH HAVEN OPPORTUNITY FOR AFFORDABLE HOUSING INC, founded in 1993, is a micro nonprofit in the Housing & Shelter sector that reported $92K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Net assets of $1.1M represent 144 months of operating reserves.

Mission

ADVOCATE FOR AND CONSTRUCT AFFORDABLE HOUSING IN NORTH HAVEN, CT

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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 $0

Program Service Revenue $91,754

Investment Income $5

Other Revenue $0

TOTAL REVENUE $91,759

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,944

Fundraising Expenses $0

Program Expenses $98,143

Other Expenses $77,199

TOTAL EXPENSES $98,143

Year-over-Year Comparison

	2024	2023	Change
Revenue	$91,759	$83,098	+0.1%
Expenses	$98,143	$84,535	+0.2%
Net Income	$-6,384	$-1,437	+3.4%

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
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