WEST ELMWOOD NEIGHBORWORKS HOME OWNERSHIP CENTER INC (EIN 271603862) - 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

2009

Phone

4014533220

Tax Period

2024-01-01 to 2024-12-31

WEST ELMWOOD NEIGHBORWORKS HOME OWNERSHIP CENTER INC, founded in 2009, is a micro nonprofit in the Housing & Shelter sector that reported $48K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $44K left a modest 10% surplus.

Mission

HELP PROMOTE HEALTHY AND SUSTAINABLE NEIGHBORHOOD REVITALIZATION IN THE WEST END AND OTHER NEIGHBORHOODS OF PROVIDENCE AND PROMOTING AFFORDABLE HOUSING GOALS IN THESE AREAS AND THROUGHOUT RHODE ISLAND.

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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 $38,699

Investment Income $9,448

Other Revenue $252

TOTAL REVENUE $48,399

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $43,647

Other Expenses $43,647

TOTAL EXPENSES $43,647

Year-over-Year Comparison

	2024	2023	Change
Revenue	$48,399	$59,591	-0.2%
Expenses	$43,647	$22,341	+1.0%
Net Income	$4,752	$37,250	-0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN FONTES	President	0.50	Officer Director	$0	$0	$0
COLLIN BAILEY	Treasurer	0.50	Officer Director	$0	$0	$0
ANGELA ANKOMA	Vice President	0.50	Officer Director	$0	$0	$0
CANDACE HARPER	Director	0.50	Director	$0	$0	$0
SONIA THOMAS	Secretary	0.50	Officer Director	$0	$0	$0
BRANDFORD DAVIS	Director	0.50	Director	$0	$0	$0
RAWN DUNCAN	Director	0.50	Director	$0	$0	$0
JOSE MONTEIRO	Director	0.50	Director	$0	$0	$0
ANDREA RAY	Director	0.50	Director	$0	$0	$0
MICHELLE ROSA	Director	0.50	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	$48,399	$43,647	$1,660,932	$4,752
2023	$59,591	$22,341	$1,650,351	$37,250
2022	$3,061	$10,767	$1,943,206	$-7,706
2021	$21,531	$7,031	$1,618,519	$14,500
2020	$31,060	$49,768	$1,657,625	$-18,708
2019	$45,037	$54,672	$1,692,446	$-9,635
2018	$40,386	$123,133	$1,681,466	$-82,747

WEST ELMWOOD NEIGHBORWORKS HOME OWNERSHIP CENTER INC