Northside Church of Christ Housing Development Fund Company Inc (EIN 222607656) - 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

1985

Legal Domicile

Principal Officer

Jerry Carter

Phone

5852781220

Tax Period

2023-07-01 to 2024-06-30

Northside Church of Christ Housing Development Fund Company Inc, founded in 1985, is a small nonprofit in the Housing & Shelter sector that reported $127K in total revenue in fiscal year 2023. Expenses of $185K exceeded revenue, resulting in a 45% operating deficit.

Mission

To construct, substantially rehabilitate, or acquire housing for low income elderly individuals

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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 $59,829

Program Service Revenue $66,460

Investment Income $127

Other Revenue $1,004

TOTAL REVENUE $127,420

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,683

Fundraising Expenses $0

Program Expenses $137,923

Other Expenses $161,370

TOTAL EXPENSES $185,053

Year-over-Year Comparison

	2023	2022	Change
Revenue	$127,420	$118,186	+0.1%
Expenses	$185,053	$204,863	-0.1%
Net Income	$-57,633	$-86,677	-0.3%

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

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
Jerry Carter	Chairperson	0.30	Officer 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	$127,420	$185,053	$1,132,113	$-57,633
2023	$118,186	$204,863	$1,158,059	$-86,677
2022	$121,185	$194,675	$1,198,193	$-73,490
2021	$123,698	$181,784	$1,267,234	$-58,086
2020	$145,305	$184,719	$1,342,053	$-39,414
2019	$295,799	$200,472	$1,360,040	$95,327

Northside Church of Christ Housing Development Fund Company Inc