NCSCUSA HOUSING DEVELOPMENT CORP TWO (EIN 232622107) - 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

1991

Legal Domicile

Principal Officer

MELANIE RIBEIRO

Phone

9548359200

Tax Period

2024-01-01 to 2024-12-31

NCSCUSA HOUSING DEVELOPMENT CORP TWO, founded in 1991, is a small nonprofit in the Housing & Shelter sector that reported $510K in total revenue in fiscal year 2024. Expenses of $616K exceeded revenue, resulting in a 21% operating deficit.

Mission

OPERATION OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED, REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

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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 $0

Program Service Revenue $485,961

Investment Income $3,970

Other Revenue $20,183

TOTAL REVENUE $510,114

Expense Breakdown

Grants Paid $0

Salaries & Benefits $221,269

Fundraising Expenses $0

Program Expenses $344,491

Other Expenses $394,354

TOTAL EXPENSES $615,623

Year-over-Year Comparison

	2024	2023	Change
Revenue	$510,114	$529,214	0.0%
Expenses	$615,623	$632,145	0.0%
Net Income	$-105,509	$-102,931	+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

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

$521,004

Total Directors

$521,004

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELANIE RIBEIRO	VICE PRESIDE	0.70	Officer Director	$0	$75,384	$521,004
MAXINE CARTER	DIRECTOR	0.10	Director	$0	$0	$0
MARIA CORDONE	SECRETARY	0.30	Officer Director	$0	$0	$0
ANGELA FERRITTO	DIRECTOR	0.10	Director	$0	$0	$0
DARRIN KELLY	DIRECTOR	0.10	Director	$0	$0	$0
ERICA SCHMELZER	TREASURER	0.40	Officer Director	$0	$0	$0
CHRISTOPHER SHELTON	PRESIDENT	0.50	Officer Director	$0	$0	$0
JEFF WILSON	DIRECTOR	0.10	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	$510,114	$615,623	$1,170,754	$-105,509
2023	$529,214	$632,145	$1,241,658	$-102,931
2022	$474,539	$560,395	$1,217,688	$-85,856
2020	$440,000	$483,295	$1,290,627	$-43,295
2019	$395,819	$533,569	$1,368,966	$-137,750
2018	$407,992	$496,351	$1,443,091	$-88,359

NCSCUSA HOUSING DEVELOPMENT CORP TWO