Norwalk Mutual Housing Inc (EIN 300181961) - 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

2003

Legal Domicile

Principal Officer

Adam Bovilsky

Phone

2033541814

Tax Period

2024-01-01 to 2024-12-31

Norwalk Mutual Housing Inc, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $237K in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring. Net assets of $1.5M represent 74 months of operating reserves.

Mission

Organization is devoted to providing housing to low and moderate income families.

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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 $50,000

Program Service Revenue $185,097

Investment Income $2,106

Other Revenue $0

TOTAL REVENUE $237,203

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $258,993

Other Expenses $258,993

TOTAL EXPENSES $258,993

Year-over-Year Comparison

	2024	2023	Change
Revenue	$237,203	$775,608	-0.7%
Expenses	$258,993	$240,911	+0.1%
Net Income	$-21,790	$534,697	-1.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Adam Bovilsky	President	2.00	Officer Director	$0	$0	$0
Liza Bermudez-Montgomery	Vice Chair	1.00	Officer Director	$0	$0	$0
John Church	Treasurer	1.00	Officer Director	$0	$0	$0
Brenda Penn Williams	Chair	1.00	Officer Director	$0	$0	$0
Isaac Walcott	Commissioner	1.00	Director	$0	$0	$0
Teneshia Jacobs	Commissioner	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	$237,203	$258,993	$1,808,723	$-21,790
2023	$775,608	$240,911	$1,874,673	$534,697
2022	$171,871	$181,864	$1,145,874	$-9,993
2021	$165,610	$216,852	$1,176,490	$-51,242
2020	$141,724	$179,169	$1,213,007	$-37,445
2019	$135,550	$160,921	$1,253,065	$-25,371
2018	$107,133	$150,826	$1,288,694	$-43,693

Norwalk Mutual Housing Inc