BANGOR HOMES NON-PROFIT HOUSING CORPORATION (EIN 237101203) - 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

1969

Legal Domicile

Principal Officer

DOUGLAS RISE

Phone

9896864130

Tax Period

2024-01-01 to 2024-12-31

BANGOR HOMES NON-PROFIT HOUSING CORPORATION, founded in 1969, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. Expenses of $1.7M left a modest 13% surplus.

Mission

OPERATION OF SUBSIDIZED HOUSING FACILITIES FOR PERSONS OF LOW AND MODERATE INCOME LEVELS.

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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 $1,856,766

Investment Income $78,094

Other Revenue $15,214

TOTAL REVENUE $1,950,074

Expense Breakdown

Grants Paid $0

Salaries & Benefits $392,510

Fundraising Expenses $0

Program Expenses $1,460,801

Other Expenses $1,299,961

TOTAL EXPENSES $1,692,471

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,950,074	$1,837,128	+0.1%
Expenses	$1,692,471	$1,662,940	+0.0%
Net Income	$257,603	$174,188	+0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF HUNT	DIRECTOR	1.00	Director	$0	$0	$0
JEAN ANN STYN-DESHANO	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
LESTER HOWELL	TREASURER	2.00	Officer Director	$0	$0	$0
JAMES WHALEY	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS RISE	PRESIDENT	2.00	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
2025	No data	No data	No data	No data
2024	$1,950,074	$1,692,471	$4,517,614	$257,603
2023	$1,837,128	$1,662,940	$4,489,876	$174,188
2022	$1,707,872	$1,449,666	$4,094,195	$258,206
2021	$1,683,602	$1,431,319	$3,825,116	$252,283
2020	$1,638,282	$1,241,832	$3,618,612	$396,450
2019	$1,532,217	$1,392,665	$3,158,665	$139,552
2018	$1,538,501	$1,386,850	$3,066,889	$151,651

BANGOR HOMES NON-PROFIT HOUSING CORPORATION