CHARLES NORTH HOUSING INC (EIN 201165878) - 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

2003

Legal Domicile

Principal Officer

ANTHONY I BUTLER

Phone

4105765070

Tax Period

2020-07-01 to 2021-06-30

CHARLES NORTH HOUSING INC, founded in 2003, is a small nonprofit that reported $122K in total revenue in fiscal year 2020. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $196K exceeded revenue, resulting in a 61% operating deficit.

Mission

TO ACQUIRE, REHABILITATE, OWN, OPERATE, AND LEASE HOUSING FOR LOW INCOME INDIVIDUALS WHO ARE HIV POSITIVE OR HAVE AIDS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $121,503

Investment Income $38

Other Revenue $10

TOTAL REVENUE $121,551

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $177,571

Other Expenses $195,500

TOTAL EXPENSES $195,500

Year-over-Year Comparison

	2020	2019	Change
Revenue	$121,551	$157,135	-0.2%
Expenses	$195,500	$209,664	-0.1%
Net Income	$-73,949	$-52,529	+0.4%

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

N/A

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

$225,004

Total Directors

$278,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY I BUTLER	PRESIDENT	2.00	Officer Director	$0	$9,297	$175,720
KICHONEE VALERIE DAVIS	SECRETARY/TREASURER	2.00	Officer Director	$0	$4,232	$49,284
CANDACE DRUMMOND	DIRECTOR	2.00	Director	$0	$2,882	$53,696

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
2021	$121,551	$195,500	$1,422,988	$-73,949
2020	$157,135	$209,664	$1,509,636	$-52,529
2019	$158,727	$208,575	$1,528,896	$-49,848
2018	$152,564	$204,447	$1,569,149	$-51,883

CHARLES NORTH HOUSING INC