NORTH 25 HOUSING CORPORATION (EIN 222178986) - 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

1977

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

NORTH 25 HOUSING CORPORATION, founded in 1977, is a small nonprofit that reported $828K in total revenue in fiscal year 2023. The organization ran a surplus of $564K, a strong 68% operating margin.

Mission

LOW INCOME HOUSING AND COMMUNITY SERVICE

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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 $784,405

Investment Income $43,446

Other Revenue $0

TOTAL REVENUE $827,851

Expense Breakdown

Grants Paid $300

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $254,178

Other Expenses $263,760

TOTAL EXPENSES $264,060

Year-over-Year Comparison

	2023	2022	Change
Revenue	$827,851	$821,373	+0.0%
Expenses	$264,060	$249,334	+0.1%
Net Income	$563,791	$572,039	0.0%

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
IRENE PENNINGTON	Director	1.00	Director	$0	$0	$0
BRITTANY LITTLEJOHN	Director	1.00	Director	$0	$0	$0
REVEREND DARRELL ARMSTRONG	Director	1.00	Director	$0	$0	$0
AUSTIN EDWARDS	Director	1.00	Director	$0	$0	$0
MICHAEL CHEESEBOROUGH	Director	1.00	Director	$0	$0	$0
DARLENE WELDON-GORDON	Director	1.00	Director	$0	$0	$0
MARY ANN TOLBERT	Treasurer	1.00	Officer	$0	$0	$0
CLEVE CHRISTIE	Vice President	1.00	Officer	$0	$0	$0
R DENISE LYLES	President	5.00	Officer	$0	$0	$0
MERKLE CHERRY	Secretary	1.00	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
2024	No data	No data	No data	No data
2023	$827,851	$264,060	$8,296,920	$563,791
2022	$821,373	$249,334	$8,095,122	$572,039
2021	$971,090	$245,850	$7,843,474	$725,240
2020	$1,858,360	$471,957	$7,416,643	$1,386,403
2020	$1,073,955	$112,075	$7,416,642	$961,880
2019	$418,009	$55,029	$6,454,762	$362,980
2018	$1,598,901	$298,638	$6,094,861	$1,300,263

NORTH 25 HOUSING CORPORATION