NCCS - HOUSING FAMILIES FIRST NONPROFIT HOUSING CORPORATION

EIN: 261407469 501(c)(3) Housing & Shelter

FREMONT, MI

Total Revenue
$79,533
Total Expenses
$90,015
Total Assets
$943,178
Net Assets
$933,008
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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
MI
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.

Program Service Accomplishments

Program 1
Expenses: $90,015 Revenue: $79,533

THROUGH FUNDING FROM MSHDA, TRUENORTH WAS ABLE TO BUILD FOUR DUPLEXES FOR HOMELESS FAMILIES WITH CHILDREN. HOUSING FOUR FAMILIES IN LAKE COUNTY AND FOUR FAMILIES IN NEWAYGO COUNTY, TRUENORTH PROVIDES...

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THROUGH FUNDING FROM MSHDA, TRUENORTH WAS ABLE TO BUILD FOUR DUPLEXES FOR HOMELESS FAMILIES WITH CHILDREN. HOUSING FOUR FAMILIES IN LAKE COUNTY AND FOUR FAMILIES IN NEWAYGO COUNTY, TRUENORTH PROVIDES CASE MANAGEMENT FOR EACH FAMILY DURING TENURE IN THE DUPLEXES. EACH FAMILY MEETS REGULARLY WITH THEIR CASE MANAGER TO SET SELF-SUFFICIENCY GOALS, IDENTIFY AREAS TO FOCUS ON, AND WORK ON IMPROVING FAMILY FUNCTIONING. RESIDENCE IN THE HOMELESS DUPLEX IS NOT LIMITED TO A SPECIFIC TIME PERIOD BUT RATHER WHEN CLIENTS REACH A POINT OF SELF-SUFFICIENCY. THE DUPLEXES ALSO QUALIFY AS PROJECT-BASED HOUSING CHOICE VOUCHERS ALTHOUGH SOME RESIDENTS ARE ALSO REQUIRED TO CONTRIBUTE TOWARDS THE RENT.

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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%)

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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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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
11

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
6
$207,587
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
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
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