NEIGHBORHOOD CAPITAL FUNDING 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

2007

Legal Domicile

Principal Officer

DANIEL LYNCH

Phone

5174851006

Tax Period

2023-07-01 to 2024-06-30

NEIGHBORHOOD CAPITAL FUNDING INC, founded in 2007, is a community nonprofit in the Housing & Shelter sector that reported $1.8M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO MAKE/SERVICE BELOW-MARKET-RATE MORTGAGE LOANS TO PRIMARILY LOW INCOME PERSONS WHO PURCHASE HOMES BUILT BY HABITAT FOR HUMANITY.

Program Service Accomplishments

Program 1

Expenses: $1,295,146 Revenue: $1,745,945

NEIGHBORHOOD CAPITAL FUNDING, AKA AFFILIATE MORTGAGE SERVICES, ORIGINATES, PROCESSES, CLOSES, AND SERVICES MORTGAGES FOR HOMEBUYERS OF HABITAT AFFILIATE HOMES. THESE LOANS ARE THEN ASSIGNED TO THE...

NEIGHBORHOOD CAPITAL FUNDING, AKA AFFILIATE MORTGAGE SERVICES, ORIGINATES, PROCESSES, CLOSES, AND SERVICES MORTGAGES FOR HOMEBUYERS OF HABITAT AFFILIATE HOMES. THESE LOANS ARE THEN ASSIGNED TO THE AFFILIATE TO PRODUCE REVENUE IN THE FORM OF PRINCIPAL-ONLY INCOME FOR THATAFFILIATE. THE AFFILIATE MAY ALSO SELL THESE MORTGAGES TO INVESTORS IN THE SECONDARY MARKET, ALLOWING THE AFFILIATE ACCESS TO CAPITAL TO PRODUCE MORE HOMES. DURING FISCAL YEAR 24, AFFILIATE MORTGAGE SERVICES CLOSED 13 HABITAT FOR HUMANITY MORTGAGES AND ENDED THE YEAR WITH A SERVICING PORTFOLIO OF 9,392 HABITAT LOANS

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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 $0

Program Service Revenue $1,745,945

Investment Income $52,970

Other Revenue $0

TOTAL REVENUE $1,798,915

Expense Breakdown

Grants Paid $0

Salaries & Benefits $881,595

Fundraising Expenses $0

Program Expenses $1,295,146

Other Expenses $919,471

TOTAL EXPENSES $1,801,066

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,798,915	$1,635,265	+0.1%
Expenses	$1,801,066	$1,612,284	+0.1%
Net Income	$-2,151	$22,981	-1.1%

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

$361,717

Total Directors

$206,426

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY PELLEGRINI	DIRECTOR	1.00	Director	$0	$0	$0
GARY LADUE	DIRECTOR	1.00	Director	$0	$0	$0
DON WILKINSON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL LYNCH	CEO	40.00	Officer Director	$193,719	$12,707	$206,426
ERIC HANNA	CHAIR	1.00	Officer Director	$0	$0	$0
ADAM FISHKIND	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KATEY FORTH	SECRETARY	1.00	Officer Director	$0	$0	$0
JEFF HANSON	TREASURER	1.00	Officer Director	$0	$0	$0
CATHERINE OVERWAY	COO	40.00	Officer	$144,318	$10,973	$155,291

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	No data	No data	No data	No data
2024	$1,798,915	$1,801,066	$17,415,082	$-2,151
2023	$1,635,265	$1,612,284	$15,101,929	$22,981
2022	$1,675,905	$1,483,835	$14,127,520	$192,070
2021	$1,722,750	$1,461,170	$13,673,430	$261,580
2020	$1,639,290	$1,473,455	$12,317,899	$165,835
2019	$1,395,128	$1,341,041	$3,531,740	$54,087
2018	$1,178,866	$1,100,580	$3,641,118	$78,286