CONTINENTAL HOMES INC (EIN 237169311) - 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

TERRY HANSON

Phone

7017462545

Tax Period

2019-01-01 to 2019-11-25

CONTINENTAL HOMES INC, founded in 1969, is a small nonprofit that reported $543K in total revenue in fiscal year 2019. Revenue decreased 7% compared to the prior year.

Mission

PROVIDE LOW INCOME HOUSING TO ELIGIBLE PERSONS IN GRAND FORKS, ND. CONTINENTAL HOMES, INC. CEASED OPERATIONS AND WILL REPORT A TRANSFER OF PHYSICAL ASSETS IN FISCAL YEAR 2019. EFFECTIVE NOVEMBER 25, 2019, ALL OPERATIONS AS WELL AS ASSETS AND LIABILITIES OF THE PROJECT WERE TRANSFERRED TO GFH CONTINENTAL, LLC.

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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 (2019)

Revenue Breakdown

Contributions & Grants $329,473

Program Service Revenue $213,570

Investment Income $118

Other Revenue $0

TOTAL REVENUE $543,161

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $445,188

Other Expenses $557,058

TOTAL EXPENSES $557,058

Year-over-Year Comparison

	2019	2018	Change
Revenue	$543,161	$581,714	-0.1%
Expenses	$557,058	$614,757	-0.1%
Net Income	$-13,897	$-33,043	-0.6%

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
JOANI KILBER	DIRECTOR	1.00	Director	$0	$0	$0
ELTON HENDRICKSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
KRISTIN MILLER	DIRECTOR	1.00	Director	$0	$0	$0
ADELE LAUDAL	TREASURER	1.00	Officer Director	$0	$0	$0
JON KOTRBA	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TERRY HANSON	SECRETARY	1.00	Officer Director	$0	$0	$0
JIM WALKER	DIRECTOR	1.00	Director	$0	$0	$0
PASTOR KARLA COEN TUFF	DIRECTOR	1.00	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
2019	$543,161	$557,058	No data	$-13,897
2018	$581,714	$614,757	$728,355	$-33,043

CONTINENTAL HOMES INC