NORTHERN HOUSING DEVELOPMENT FUND CO INC (EIN 141610904) - 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

Phone

5182983733

Tax Period

2024-01-01 to 2024-12-31

NORTHERN HOUSING DEVELOPMENT FUND CO INC, founded in 1978, is a small nonprofit in the Housing & Shelter sector that reported $241K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $232K left a modest 4% surplus.

Mission

HOUSING - LOW INCOME, ELDERLY

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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 $224,798

Investment Income $15,761

Other Revenue $0

TOTAL REVENUE $240,559

Expense Breakdown

Grants Paid $0

Salaries & Benefits $80,947

Fundraising Expenses $0

Program Expenses $210,079

Other Expenses $150,882

TOTAL EXPENSES $231,829

Year-over-Year Comparison

	2024	2023	Change
Revenue	$240,559	$213,476	+0.1%
Expenses	$231,829	$227,836	+0.0%
Net Income	$8,730	$-14,360	-1.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL CASTINE	Secretary	0.40	Officer Director	$0	$0	$0
MELISSA GOOLEY	Director	0.70	Director	$0	$0	$0
JANICE DAWSON	Treasurer	0.70	Officer Director	$0	$0	$0
JANET MCFETRIDGE	Director	0.70	Director	$0	$0	$0
ROY CARDIN	Vice President	0.70	Officer Director	$0	$0	$0
JUANITA MUNOZ	Director	0.70	Director	$0	$0	$0
GREGORY MARTIN	President	0.40	Officer Director	$0	$0	$0
CLAUD BOUCHER	Director	0.70	Director	$0	$0	$0
CHRIS TROMBLEY	Director	0.70	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
2025	No data	No data	No data	No data
2024	$240,559	$231,829	$825,751	$8,730
2023	$213,476	$227,836	$816,667	$-14,360
2022	$200,642	$223,493	$831,434	$-22,851
2021	$192,582	$200,419	$855,679	$-7,837
2020	$193,062	$213,574	$863,782	$-20,512
2019	$186,565	$211,658	$883,883	$-25,093
2018	$178,180	$199,426	$910,539	$-21,246

NORTHERN HOUSING DEVELOPMENT FUND CO INC