NORTH COUNTRY AFFORDABLE HOUSING I… - Form 990 Financial Data

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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

1987

Legal Domicile

Principal Officer

REGINALD SCHWEITZER

Phone

3157828497

Tax Period

2024-04-01 to 2025-03-31

NORTH COUNTRY AFFORDABLE HOUSING INC, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

PROVIDE LOW INCOME AFFORDABLE HOUSING

Program Service Accomplishments

Program 1

Expenses: $111,991

PRESERVE AND IMPROVE HOUSING AND RELATED FACILITIES WITHIN THE FORT DRUM IMPACT AREA OF NORTHERN NEW YORK STATE

Program 2

Expenses: $510,625 Revenue: $443,276

PROVIDE LOW AND VERY LOW INCOME APARTMENTS TO INCOME QUALIFYING FAMILIES AND INDIVIDUALS IN THE WATERTOWN AND PHILADELPHIA, NEW YORK AREAS -TWO THIRTY-TWO UNIT APARTMENT PROJECTS

Program 3

Expenses: $1,113,813

PROVIDE AFFORDABLE HOME OWNERSHIP OPPORTUNITIES TO INCOME QUALIFYING FAMILIES AND INDIVIDUALS FOR WHOM THERE ARE NO OTHER REASONABLE AND AFFORDABLE HOME OWNERSHIP

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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 $1,308,005

Program Service Revenue $415,171

Investment Income $877

Other Revenue $28,105

TOTAL REVENUE $1,752,158

Expense Breakdown

Grants Paid $1,113,813

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,736,429

Other Expenses $668,191

TOTAL EXPENSES $1,782,004

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,752,158	$1,448,043	+0.2%
Expenses	$1,782,004	$1,488,816	+0.2%
Net Income	$-29,846	$-40,773	-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

N/A

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
SARAH ROLLAND	SECRETARY	1.00	Officer Director	$0	$0	$0
JESSE IRWIN	DIRECTOR	1.00	Director	$0	$0	$0
TEENA HEASLEY	TREASURER	1.00	Officer Director	$0	$0	$0
TIM TALLMADGE	DIRECTOR	1.00	Director	$0	$0	$0
DUSTIN CLARK	PRESIDENT	1.00	Officer Director	$0	$0	$0
TIMOTHY FAYETTE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
AL ROMANO	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN MEYER	DIRECTOR	1.00	Director	$0	$0	$0
MITCH MCCORMICK	DIRECTOR	1.00	Director	$0	$0	$0
REGINALD SCHWEITZER	EXECUTIVE DIREC	10.00	Officer	$0	$0	$0
SARAH MILLARD	FISCAL DIRECTOR	5.00	Officer	$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	$1,752,158	$1,782,004	$2,202,462	$-29,846
2024	$1,448,043	$1,488,816	$1,756,398	$-40,773
2023	$914,436	$933,207	$1,889,292	$-18,771
2022	$1,137,393	$1,187,362	$1,802,630	$-49,969
2021	$905,535	$845,342	$2,121,246	$60,193
2020	$826,566	$926,784	$1,822,564	$-100,218
2019	$537,847	$642,753	$2,078,528	$-104,906

NORTH COUNTRY AFFORDABLE HOUSING INC