West Side Neighborhood Housing Services Inc (EIN 161167946) - 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

1981

Legal Domicile

Principal Officer

Clay Simmons

Phone

7168852344

Tax Period

2023-01-01 to 2023-12-31

West Side Neighborhood Housing Services Inc, founded in 1981, is a community nonprofit in the Housing & Shelter sector that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 87% from the prior year, signaling strong growth momentum.

Mission

To provide housing solutions for individuals, families and neighborhoods to build vibrant communities

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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 $2,482,546

Program Service Revenue $407,441

Investment Income $30,662

Other Revenue $22,954

TOTAL REVENUE $2,943,603

Expense Breakdown

Grants Paid $1,786,343

Salaries & Benefits $568,411

Fundraising Expenses $0

Program Expenses $2,917,658

Other Expenses $742,455

TOTAL EXPENSES $3,097,209

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,943,603	$1,576,814	+0.9%
Expenses	$3,097,209	$1,691,879	+0.8%
Net Income	$-153,606	$-115,065	+0.3%

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

$323,830

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Freddy Barrera	Board Member	0.20	Director	$0	$0	$0
Gary Link	Board Member	0.20	Director	$0	$0	$0
Michael Woods	Board Member	0.20	Director	$0	$0	$0
Lucy Candelario	Board Member	0.20	Director	$0	$0	$0
Dan Hawrylczak	Chair	0.20	Officer Director	$0	$0	$0
David Granville	Board Member	0.20	Director	$0	$0	$0
Lauren Jednak	Board Member	0.20	Director	$0	$0	$0
Darnell Haywood	Board Member	0.20	Director	$0	$0	$0
Jerome Nagy - Chief	Executive Officer (Through 1/23)	0.20	Officer	$0	$779	$18,977
Adriana Eastlack	Director of Finance	0.20	Officer	$0	$7,500	$95,845
Kelley Swann	Chief Operating Officer/Interim CEO (2/23 - 7/23)	0.20	Officer	$0	$7,500	$137,471
Clarence Simmons - Chief	Executive Officer (Beginning 7/23)	0.20	Officer	$0	$3,461	$71,537

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	$2,943,603	$3,097,209	$5,842,926	$-153,606
2022	$1,576,814	$1,691,879	$6,035,229	$-115,065
2021	$1,049,393	$1,217,434	$6,148,426	$-168,041
2020	$1,025,427	$1,189,443	$6,094,135	$-164,016
2019	$1,198,475	$1,199,351	$5,209,987	$-876
2018	$704,962	$744,515	$5,333,107	$-39,553

West Side Neighborhood Housing Services Inc