ITHACA NEIGHBORHOOD HOUSING SERVICES INC (EIN 222141948) - 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

1976

Legal Domicile

Principal Officer

JEREMY THOMAS

Phone

6072774500

Tax Period

2024-01-01 to 2024-12-31

ITHACA NEIGHBORHOOD HOUSING SERVICES INC, founded in 1976, is a community nonprofit in the Housing & Shelter sector that reported $9.8M in total revenue in fiscal year 2024. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.6M, a strong 37% operating margin.

Mission

DEDICATED TO EXPANDING HOUSING OPPORTUNITIES FOR LOW AND MODERATE-INCOME RESIDENTS OF CAYUGA, CHEMUNG, CORTLAND, SCHUYLER, SENECA, TIOGA, AND TOMPKINS COUNTIES. IT SEEKS TO FOSTER COMMUNITIES THAT EMBRACE DIVERSITY, EQUITY, AND SUSTAINABILITY IN WAYS THAT PRODUCE LASTING OUTCOMES.

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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 $4,273,066

Program Service Revenue $5,811,836

Investment Income $7,260

Other Revenue $-255,588

TOTAL REVENUE $9,836,574

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,156,989

Fundraising Expenses $58,285

Program Expenses $3,643,742

Other Expenses $4,044,139

TOTAL EXPENSES $6,201,128

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,836,574	$6,024,786	+0.6%
Expenses	$6,201,128	$5,042,480	+0.2%
Net Income	$3,635,446	$982,306	+2.7%

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

$320,099

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENDAN WILBUR	TRUSTEE	0.25	Director	$0	$0	$0
NICOLE CARRIER-TITTI	TRUSTEE	0.25	Director	$0	$0	$0
MICHAEL CANNON	TRUSTEE (PART YEAR)	0.25	Director	$0	$0	$0
MAUREEN ABBOTT	TRUSTEE	0.25	Director	$0	$0	$0
SHARON D MALONE	SECRETARY	0.25	Officer Director	$0	$0	$0
LACEY LENT	TRUSTEE	0.25	Director	$0	$0	$0
LISA NICHOLAS	TRUSTEE	0.25	Director	$0	$0	$0
JEREMY THOMAS	PRESIDENT	0.25	Officer Director	$0	$0	$0
H MATTHYS VAN CORT	TRUSTEE	0.25	Director	$0	$0	$0
CRISTINE DONOVAN	TRUSTEE	0.25	Director	$0	$0	$0
COOPER SIRWATKA	TRUSTEE (PART YEAR)	0.25	Director	$0	$0	$0
JULEE JOHNSON	TREASURER	0.25	Officer Director	$0	$0	$0
STEVEN WOODS	TRUSTEE	0.25	Director	$0	$0	$0
CATHERINE G DE LA GARZA	EXECUTIVE DIRECTOR	23.00	Officer	$163,888	$24,946	$188,834
PATRICIA PAOLENGELI	DIRECTOR OF FINANCE/INTERIM ED (PART YEAR)	23.00	Officer	$110,769	$20,496	$131,265
LYNN TRUAME	DIRECTOR OF REAL ESTATE DE	23.00	Highest	$106,551	$6,662	$113,213
SCOTT REYNOLDS	DIRECTOR OF INFORMATION TE	23.00	Highest	$113,012	$11,854	$124,866

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	$9,836,574	$6,201,128	$52,749,466	$3,635,446
2023	$6,024,786	$5,042,480	$46,703,589	$982,306
2022	$7,288,232	$5,431,398	$52,359,889	$1,856,834
2022	$7,288,232	$5,431,398	$52,359,889	$1,856,834
2021	$10,070,566	$5,502,328	$49,404,041	$4,568,238
2020	$5,493,573	$5,531,861	$43,118,787	$-38,288
2020	$5,493,573	$5,531,861	$43,118,787	$-38,288
2019	$5,025,840	$4,310,572	$40,834,501	$715,268
2018	$5,000,252	$4,277,695	$36,879,074	$722,557

ITHACA NEIGHBORHOOD HOUSING SERVICES INC