NCSCUSA HOUSING DEVELOPMENT CORP T… - 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

1993

Legal Domicile

Principal Officer

MELANIE RIBEIRO

Phone

9548359200

Tax Period

2024-01-01 to 2024-12-31

NCSCUSA HOUSING DEVELOPMENT CORP THREE INC, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $513K in total revenue in fiscal year 2024. Expenses of $641K exceeded revenue, resulting in a 25% 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).

Program Service Accomplishments

Program 1

Expenses: $372,281 Revenue: $510,716

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 $510,361

Investment Income $2,142

Other Revenue $355

TOTAL REVENUE $512,858

Expense Breakdown

Grants Paid $0

Salaries & Benefits $249,148

Fundraising Expenses $0

Program Expenses $372,281

Other Expenses $392,266

TOTAL EXPENSES $641,414

Year-over-Year Comparison

	2024	2023	Change
Revenue	$512,858	$510,890	+0.0%
Expenses	$641,414	$625,242	+0.0%
Net Income	$-128,556	$-114,352	+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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELANIE RIBEIRO	VICE PRESIDE	0.70	Officer	$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
ART NESE	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

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	$512,858	$641,414	$1,295,542	$-128,556
2023	$510,890	$625,242	$1,374,143	$-114,352
2022	$487,121	$608,414	$1,406,904	$-121,293
2021	$540,372	$611,112	$1,512,790	$-70,740
2020	$476,280	$554,942	$1,516,265	$-78,662
2019	$440,033	$497,380	$1,585,275	$-57,347
2018	$448,061	$485,172	$1,643,372	$-37,111

NCSCUSA HOUSING DEVELOPMENT CORP THREE INC