NORTHEASTERN CONFERENCE HOUSE HOUSING DEVELOPMENT FUND CO INC (EIN 112574893) - 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

1978

Legal Domicile

Principal Officer

Eldeen C King

Phone

7187122878

Tax Period

2023-10-01 to 2024-09-30

NORTHEASTERN CONFERENCE HOUSE HOUSING DEVELOPMENT FUND CO INC, founded in 1978, is a community nonprofit in the Housing & Shelter sector that reported $2.1M in total revenue in fiscal year 2023. Expenses of $2.5M exceeded revenue, resulting in a 19% operating deficit.

Mission

NORTHEASTERN IS A U.S DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) MULTIFAMILY HOUSING PROJECT CONSISTING OF 111 UNITS. IT IS REGULATED BY HUD AS TO RENTAL CHARGES AND OPERATING REQUIREMENTS.

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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 $74,964

Program Service Revenue $1,988,231

Investment Income $882

Other Revenue $3,244

TOTAL REVENUE $2,067,321

Expense Breakdown

Grants Paid $0

Salaries & Benefits $458,319

Fundraising Expenses $0

Program Expenses $1,942,764

Other Expenses $1,997,739

TOTAL EXPENSES $2,456,058

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,067,321	$2,007,710	+0.0%
Expenses	$2,456,058	$2,426,512	+0.0%
Net Income	$-388,737	$-418,802	-0.1%

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

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
Eldeen C King	President	1.00	Officer Director	$0	$0	$0
Brian McDonald	Treasurer/ CFO	1.00	Officer Director	$0	$0	$0
Nicardo Delahaye	Secretary	1.00	Officer Director	$0	$0	$0
Keith Albury	Assistant Sec	1.00	Director	$0	$0	$0
Ainsworth Morris	Assist to Pres	1.00	Director	$0	$0	$0
Angela Dennis	BOARD MEMBER	1.00	Director	$0	$0	$0
Abdell George	BOARD MEMBER	1.00	Director	$0	$0	$0
Delmar Greene	Board Member	1.00	Director	$0	$0	$0
Barbara Hall	Board Member	1.00	Director	$0	$0	$0
James LaMar	Board Member	1.00	Director	$0	$0	$0
Parkinson Small	Board Member	1.00	Director	$0	$0	$0
Vicent Goff	Board Member	1.00	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	$2,067,321	$2,456,058	$4,479,437	$-388,737
2023	$2,007,710	$2,426,512	$5,103,924	$-418,802
2022	$2,108,250	$2,247,538	$5,660,082	$-139,288
2021	$1,901,457	$2,248,938	$5,971,703	$-347,481
2020	$1,887,257	$2,308,746	$6,324,060	$-421,489
2019	$1,965,737	$2,351,485	$6,988,499	$-385,748
2018	$2,252,962	$2,286,254	$7,379,935	$-33,292

NORTHEASTERN CONFERENCE HOUSE HOUSING DEVELOPMENT FUND CO INC