DURHAM HOUSING ASSOCIATION INC C/O… - Form 990 Financial Data

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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

1974

Legal Domicile

Principal Officer

PAUL STEWART

Phone

6036412163

Tax Period

2025-01-01 to 2025-12-31

DURHAM HOUSING ASSOCIATION INC C/O STEWART PROPERTY MANAGEMENT, founded in 1974, is a small nonprofit in the Housing & Shelter sector that reported $492K in total revenue in fiscal year 2025. Expenses of $605K exceeded revenue, resulting in a 23% operating deficit.

Mission

TO OWN AND OPERATE A 36-UNIT LOW INCOME APARTMENT COMPLEX.

Program Service Accomplishments

Program 1

Expenses: $604,837 Revenue: $270,287

OWN AND OPERATE 36 UNIT LOW INCOME HOUSING PROJECT

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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 (2025)

Revenue Breakdown

Contributions & Grants $222,044

Program Service Revenue $266,871

Investment Income $3,416

Other Revenue $0

TOTAL REVENUE $492,331

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $604,837

Other Expenses $604,837

TOTAL EXPENSES $604,837

Year-over-Year Comparison

	2025	2024	Change
Revenue	$492,331	$463,568	+0.1%
Expenses	$604,837	$566,132	+0.1%
Net Income	$-112,506	$-102,564	+0.1%

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
ANN HOTCHKISS	DIRECTOR	1.00	Director	$0	$0	$0
SUE COLWELL	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN LONG	DIRECTOR	1.00	Director	$0	$0	$0
GRETCHIN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MAURA SLAVIN	DIRECTOR	1.00	Director	$0	$0	$0
HARRY LONG	DIRECTOR	1.00	Director	$0	$0	$0
SUE NOON	SECRETARY	5.00	Officer	$0	$0	$0
CATHERINE KYLE	VICE CHAIR	5.00	Officer	$0	$0	$0
DONALD SMITH	CHAIR	5.00	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
2025	$492,331	$604,837	$1,412,419	$-112,506
2024	$463,568	$566,132	$1,501,953	$-102,564
2023	$451,229	$561,019	$1,596,522	$-109,790
2022	$436,435	$509,575	$1,693,751	$-73,140
2021	$421,588	$530,297	$1,775,727	$-108,709
2020	$419,302	$496,280	$1,824,790	$-76,978
2019	$380,355	$405,775	$1,967,149	$-25,420
2018	$417,887	$491,377	$1,898,163	$-73,490

DURHAM HOUSING ASSOCIATION INC C/O STEWART PROPERTY MANAGEMENT