NORTH HAVEN SUSTAINABLE HOUSING (EIN 203828493) - 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

Phone

2078674660

Tax Period

2024-01-01 to 2024-12-31

NORTH HAVEN SUSTAINABLE HOUSING, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $884K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $578K, a strong 65% operating margin.

Mission

THE MISSION OF NORTH HAVEN SUSTAINABLE HOUSING (NHSH) IS TO PROVIDE HOUSING OPPORTUNITIES TO SUSTAIN A YEAR-ROUND ISLAND COMMUNITY ON NORTH HAVEN. IN PURSUIT OF THIS MISSION, NHSH DEVELOPS AND MANAGES AFFORDABLE RENTAL AND HOME-OWNERSHIP OPPORTUNITIES, CONDUCTS HOME ENERGY AUDITS AND WEATHERIZATION SERVICES, AND PROVIDES DEVELOPMENT, FINANCING, AND FUNDRAISING TECHNICAL ASSISTANCE TO OTHER AFFORDABLE HOUSING EFFORTS SERVING THE ISLAND OF NORTH HAVEN.

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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 $799,076

Program Service Revenue $70,855

Investment Income $2,536

Other Revenue $11,646

TOTAL REVENUE $884,113

Expense Breakdown

Grants Paid $0

Salaries & Benefits $137,746

Fundraising Expenses $22,516

Program Expenses $216,146

Other Expenses $168,094

TOTAL EXPENSES $305,840

Year-over-Year Comparison

	2024	2023	Change
Revenue	$884,113	$738,369	+0.2%
Expenses	$305,840	$223,991	+0.4%
Net Income	$578,273	$514,378	+0.1%

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

$156,100

Total Directors

$164,689

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAM HALLOWELL	DIR. CONSTRU	40.00	Officer Director	$79,100	$0	$79,100
HANNAH ITZLER	EXECUTIVE DI	30.00	Officer Director	$77,000	$0	$77,000
ALICIA HOPKINS	BOOKKEEPER	N/A	Director	$8,589	$0	$8,589
WILLIAM AMBROSE	PRESIDENT	4.00	Officer Director	$0	$0	$0
JOAN AMORY	DIRECTOR	1.00	Director	$0	$0	$0
JEFF CRAWFORD	SECRETARY	4.00	Director	$0	$0	$0
PHIL CRONIN	DIRECTOR	1.00	Director	$0	$0	$0
PAUL FRANCIS	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE GILBERT	VICE PRESIDE	4.00	Officer Director	$0	$0	$0
SCOTT HIGGINS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HOPKINS	DIRECTOR	N/A	Director	$0	$0	$0
NANCY HOPKINS-DAVISSON	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE HYMAN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT JENKENS	TREASURER	4.00	Officer Director	$0	$0	$0
BEN LOVELL	DIRECTOR	1.00	Director	$0	$0	$0
CONNIE PENDLETON	DIRECTOR	N/A	Director	$0	$0	$0
CHARLIE PINGREE	DIRECTOR	1.00	Director	$0	$0	$0
HANNAH PINGREE	DIRECTOR	1.00	Director	$0	$0	$0
JOE STONE	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM TREVASKIS	DIRECTOR	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	$884,113	$305,840	$3,344,706	$578,273
2023	$738,369	$223,991	$2,110,700	$514,378
2022	$346,288	$196,894	$1,602,071	$149,394
2021	$315,237	$163,733	$1,269,816	$151,504
2020	$178,965	$74,492	$1,124,723	$104,473
2019	$213,129	$114,588	$1,022,678	$98,541
2018	$243,778	$3,281,704	$809,876	$-3,037,926

NORTH HAVEN SUSTAINABLE HOUSING