NCCS - HOUSING FAMILIES FIRST NONPROFIT HOUSING CORPORATION (EIN 261407469) - 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

2007

Legal Domicile

Principal Officer

BEVERLY CASSIDY

Phone

2319240641

Tax Period

2024-01-01 to 2024-12-31

NCCS - HOUSING FAMILIES FIRST NONPROFIT HOUSING CORPORATION, founded in 2007, is a micro nonprofit in the Housing & Shelter sector that reported $80K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $90K exceeded revenue, resulting in a 13% operating deficit.

Mission

NCCS HOUSING FAMILIES FIRST NON-PROFIT HOUSING CORPORATION'S MISSION IS TO PROVIDE SAFE, AFFORDABLE HOUSING FOR HOMELESS FAMILIES WITH CHILDREN IN NEWAYGO AND LAKE COUNTIES.

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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 $79,518

Investment Income $0

Other Revenue $15

TOTAL REVENUE $79,533

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $90,015

Other Expenses $90,015

TOTAL EXPENSES $90,015

Year-over-Year Comparison

	2024	2023	Change
Revenue	$79,533	$90,177	-0.1%
Expenses	$90,015	$91,565	0.0%
Net Income	$-10,482	$-1,388	+6.6%

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

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

$207,587

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARRIE VANDENBERG	VICE CHAIR	2.50	Officer Director	$0	$0	$0
GENE FORD	CHAIR	2.50	Officer Director	$0	$0	$0
LARRY YACHCIK	MEMBER	0.50	Director	$0	$0	$0
JIM MERKEL	CO-TREASURER	2.50	Officer Director	$0	$0	$0
JULIE BERWALD	SECRETARY	2.50	Officer Director	$0	$0	$0
KATE SCARBROUGH-KESTELOOT	MEMBER	0.50	Director	$0	$0	$0
KELLY WAGENMAKER	CO-TREASURER	2.50	Officer Director	$0	$0	$0
JANE NEWTON	MEMBER	0.50	Director	$0	$0	$0
LORA KRUEGER	MEMBER	0.50	Director	$0	$0	$0
CARMEN FAULKNER	MEMBER	0.50	Director	$0	$0	$0
HANNAH HARRINGTON	MEMBER	0.50	Director	$0	$0	$0
BEVERLY CASSIDY	PRESIDENT/CEO	5.00	Officer	$0	$25,919	$207,587

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	$79,533	$90,015	$943,178	$-10,482
2023	$90,177	$91,565	$945,204	$-1,388
2022	$91,217	$133,387	$972,792	$-42,170
2021	$76,049	$106,808	$1,002,877	$-30,759
2020	$72,078	$107,075	$1,029,348	$-34,997
2019	$70,053	$88,135	$1,063,514	$-18,082
2018	$52,176	$88,737	$1,089,626	$-36,561

NCCS - HOUSING FAMILIES FIRST NONPROFIT HOUSING CORPORATION