NORTH FORK HOUSING ALLIANCE INC

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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

1980

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

NORTH FORK HOUSING ALLIANCE INC, founded in 1980, is a community nonprofit in the Housing & Shelter sector that reported $2.6M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $3.1M exceeded revenue, resulting in a 18% operating deficit.

Mission

TO PROVIDE LOW COST HOUSING

Program Service Accomplishments

Program 1

Expenses: $1,630,809

SECTION 8: FUNDS RECEIVED FROM THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT TO PROVIDE HOUSING ASSISTANCE PAYMENTS TO LANDLORDS ON BEHALF OF TENANTS.

Program 2

Expenses: $494,697

RESERVE FUND AND HOUSING OPPORTUNITIES: TO ACCOUNT FOR VARIOUS GRANTS RECEIVED FOR THE PUROPOSE OF PURCHASING AND IMPROVING OR CONSTRUCTION OF RESIDENTAL UNITS TO BE SOLD OR RENTED TO LOW INCOME...

RESERVE FUND AND HOUSING OPPORTUNITIES: TO ACCOUNT FOR VARIOUS GRANTS RECEIVED FOR THE PUROPOSE OF PURCHASING AND IMPROVING OR CONSTRUCTION OF RESIDENTAL UNITS TO BE SOLD OR RENTED TO LOW INCOME FAMILIES AND INDIVIDUALS.

Program 3

Expenses: $425,815

FIVE MULTI-FAMILY HOMES LOCATED IN GREENPORT NY. IT IS OPERATED UNDER NY STATE DIVISION OF HOUSING AND COMMUNITY RENEWAL PROGRAM WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS.

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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 $1,987,404

Program Service Revenue $624,542

Investment Income $3,802

Other Revenue $0

TOTAL REVENUE $2,615,748

Expense Breakdown

Grants Paid $0

Salaries & Benefits $289,659

Fundraising Expenses $0

Program Expenses $2,870,481

Other Expenses $2,801,082

TOTAL EXPENSES $3,090,741

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,615,748	$2,944,962	-0.1%
Expenses	$3,090,741	$3,037,491	+0.0%
Net Income	$-474,993	$-92,529	+4.1%

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

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

$119,912

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TANYA PALMORE	EXECUTIVE DIRECTOR	35.00	Officer	$0	$0	$119,912
FRANCES ORTIZ	SECRETARY	5.00	Director	$0	$0	$0
DOUG MORRIS	BOARD MEMBER	5.00	Director	$0	$0	$0
EDWARD REALE	BOARD MEMBER	5.00	Director	$0	$0	$0
VERNETTA TAYLOR	BOARD MEMBER	5.00	Director	$0	$0	$0
PAUL DAVIS JR	PRESIDENT	5.00	Director	$0	$0	$0
BARRY LATNEY	PRESIDENT RETIRED	5.00	Director	$0	$0	$0
BRITTANY CONRAD	BOARD MEMBER	5.00	Director	$0	$0	$0
STEPHANIE SPOONER	TREASURER	5.00	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	No data	No data	No data	No data
2023	$2,615,748	$3,090,741	$3,528,238	$-474,993
2022	$2,944,962	$3,037,491	$3,639,213	$-92,529
2021	$3,166,671	$3,284,395	$4,030,988	$-117,724
2020	$2,778,842	$3,126,064	$4,300,170	$-347,222
2019	$2,909,865	$3,074,782	$4,406,307	$-164,917
2018	$3,072,555	$3,150,399	$4,642,339	$-77,844