NORTH STAR HOUSING 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

1993

Legal Domicile

Principal Officer

ERIC ROSENBAUM

Phone

2126200340

Tax Period

2024-07-01 to 2025-06-30

NORTH STAR HOUSING INC, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $448K in total revenue in fiscal year 2024. The organization ran a surplus of $174K, a strong 39% operating margin.

Mission

TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME AND MODERATE-INCOME PERSONS, PROMOTE ECONOMIC DEVELOPMENT IN THOSE COMMUNITIES BY PLANNING, DEVELOPING OR MANAGING PROJECTS THAT ATTRACT COMMERCIAL AND BUSINESS DEVELOPMENT, AND INCREASE JOB OPPORTUNITIES FOR LOW INCOME RESIDENTS BOTH DIRECTLY AND THROUGH WORKING WITH PRIVATE EMPLOYERS.

Program Service Accomplishments

Program 1

Expenses: $258,925 Revenue: $447,457

AFFORDABLE HOUSING - PROVIDE HOUSING THAT IS AFFORDABLE FOR LOW-INCOME PERSONS.

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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 $447,457

Investment Income $311

Other Revenue $0

TOTAL REVENUE $447,768

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $258,925

Other Expenses $274,259

TOTAL EXPENSES $274,259

Year-over-Year Comparison

	2024	2023	Change
Revenue	$447,768	$447,762	+0.0%
Expenses	$274,259	$289,761	-0.1%
Net Income	$173,509	$158,001	+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

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

$1,109,592

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GAIL WEISS	TRUSTEE	0.10	Director	$0	$0	$0
JAMES DAVIDSON	CHAIR	0.10	Officer Director	$0	$0	$0
MICHAEL DOHERTY	TRUSTEE	0.10	Director	$0	$0	$0
ERIC ROSENBAUM	PRESIDENT & CEO	0.50	Officer	$0	$42,009	$409,643
PAUL WOODY	SECRETARY/CHIEF REAL ESTATE OFFICER	0.50	Officer	$0	$56,694	$272,354
STEVEN JONES	TREASURER & CFO (UNTIL 7/5/25)	0.50	Officer	$0	$24,484	$289,179
GERARD JOSEPH	TREASURER & CFO (AS OF 7/18/25)	0.50	Officer	$0	$0	$138,416

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	$447,768	$274,259	$6,758,608	$173,509
2024	No data	No data	No data	No data
2023	$447,613	$303,328	$4,260,519	$144,285
2022	$447,462	$322,768	$4,247,879	$124,694
2021	$447,468	$339,150	$4,383,031	$108,318
2020	$447,481	$358,289	$4,565,029	$89,192
2019	$447,480	$364,619	$4,751,484	$82,861
2018	$447,475	$376,485	$5,003,850	$70,990