DURHAM HOUSING ASSOCIATION INC C/O STEWART PROPERTY MANAGEMENT (EIN 237354543) - 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

1974

Legal Domicile

Principal Officer

ORGANIZATIONAL

Phone

6036412163

Tax Period

2024-01-01 to 2024-12-31

DURHAM HOUSING ASSOCIATION INC C/O STEWART PROPERTY MANAGEMENT, founded in 1974, is a small nonprofit in the Housing & Shelter sector that reported $464K in total revenue in fiscal year 2024. Expenses of $566K exceeded revenue, resulting in a 22% operating deficit.

Mission

LOW INCOME HOUSING

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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 $201,343

Program Service Revenue $259,299

Investment Income $2,926

Other Revenue $0

TOTAL REVENUE $463,568

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $566,132

Other Expenses $566,132

TOTAL EXPENSES $566,132

Year-over-Year Comparison

	2024	2023	Change
Revenue	$463,568	$451,229	+0.0%
Expenses	$566,132	$561,019	+0.0%
Net Income	$-102,564	$-109,790	-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
CATHERINE KYLE	VICE CHAIR	5.00	Director	$0	$0	$0
ANN HOTCHKISS	DIRECTOR	5.00	Director	$0	$0	$0
DONALD SMITH	CHAIR	5.00	Director	$0	$0	$0
SUE NOON	SECRETARY	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
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