NATIONAL HOUSING CORPORATION (EIN 201592192) - 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

2005

Legal Domicile

Principal Officer

STEPHEN J MARGETIC

Phone

7065919737

Tax Period

2023-01-01 to 2023-12-31

NATIONAL HOUSING CORPORATION, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $337K in total revenue in fiscal year 2023. Expenses of $374K exceeded revenue, resulting in a 11% operating deficit.

Mission

NATIONAL HOUSING CORPORATION IS A NON-PROFIT CORPORATION DEDICATED TO THE PRESERVATION OF AFFORDABLE HOUSING. WE DEVELOP AND ACQUIRE NEW AND/OR REHABILITATED AFFORDABLE HOUSING PROJECTS. WE ALSO APPLY FOR AND OBTAIN LOANS AND GRANTS FOR THE DEVELOPMENT AND OPERATION OF AFFORDABLE HOUSING PROJECTS, PROVIDIDING PROGRAMS AND SERVICES TO THE RESIDENTS TO IMPROVE THEIR QUALITY OF LIFE.

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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 $0

Program Service Revenue $321,666

Investment Income $15,536

Other Revenue $0

TOTAL REVENUE $337,202

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $201,725

Fundraising Expenses $0

Program Expenses $373,781

Other Expenses $162,056

TOTAL EXPENSES $373,781

Year-over-Year Comparison

	2023	2022	Change
Revenue	$337,202	$319,414	+0.1%
Expenses	$373,781	$297,181	+0.3%
Net Income	$-36,579	$22,233	-2.6%

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

N/A

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

$157,144

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEGHAN BIRNKRANT	EXECUTIVE DI	40.00	Officer	$119,000	$38,144	$157,144
KYLE S BEACH	SECRETARY	1.00	Officer Director	$0	$0	$0
STEPHEN J MARGETIC	PRESIDENT	1.00	Officer Director	$0	$0	$0
CARLOS ORTIZ	BOARD MEMBER	1.00	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
2024	No data	No data	No data	No data
2023	$337,202	$373,781	$1,659,760	$-36,579
2022	$319,414	$297,181	$1,664,237	$22,233
2021	$295,609	$250,258	$1,645,759	$45,351
2020	$326,899	$234,468	$1,604,610	$92,431
2019	$336,774	$245,992	$1,519,910	$90,782
2018	$286,632	$211,335	$1,432,347	$75,297

NATIONAL HOUSING CORPORATION