North Central Housing Inc (EIN 274356234) - 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

2010

Legal Domicile

Principal Officer

Patricia Trippe

Phone

3523330515

Tax Period

2024-01-01 to 2024-12-31

North Central Housing Inc, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $237K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

The Organization was established to purchase and manage low income housing apartment complexes in Florida.

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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 $223,696

Investment Income $13,518

Other Revenue $0

TOTAL REVENUE $237,214

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,548

Fundraising Expenses $0

Program Expenses $198,816

Other Expenses $212,101

TOTAL EXPENSES $241,649

Year-over-Year Comparison

	2024	2023	Change
Revenue	$237,214	$196,030	+0.2%
Expenses	$241,649	$212,438	+0.1%
Net Income	$-4,435	$-16,408	-0.7%

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

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

$7,500

Total Directors

$7,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patricia Trippe	President	10.00	Officer Director	$7,500	$0	$7,500
Chrystal Berg	Director	5.00	Director	$0	$0	$0
Angelia Mills	Treasurer	5.00	Officer Director	$0	$0	$0
Christian Hare	Secretary	5.00	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	$237,214	$241,649	$953,749	$-4,435
2023	$196,030	$212,538	$945,810	$-16,508
2022	$190,082	$202,940	$983,406	$-12,858
2021	$178,603	$167,646	$987,330	$10,957
2020	$180,113	$152,405	$990,383	$27,708
2019	$189,729	$169,856	$972,368	$19,873
2018	$184,486	$131,622	$959,952	$52,864

North Central Housing Inc