NORTH HILL APARTMENTS INC (EIN 311387771) - 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

1994

Legal Domicile

Principal Officer

JAMES CAPLINGER

Phone

9373231551

Tax Period

2023-01-01 to 2023-12-31

NORTH HILL APARTMENTS INC, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $548K in total revenue in fiscal year 2023. Revenue surged 600% from the prior year, signaling strong growth momentum. The organization ran a surplus of $460K, a strong 84% operating margin.

Mission

PROVIDING AFFORDABLE RENTAL HOUSING TO LOW-INCOME HOUSEHOLDS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $490,581

Program Service Revenue $37,058

Investment Income $19,522

Other Revenue $780

TOTAL REVENUE $547,941

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $68,925

Other Expenses $87,976

TOTAL EXPENSES $87,976

Year-over-Year Comparison

	2023	2022	Change
Revenue	$547,941	$78,281	+6.0%
Expenses	$87,976	$57,130	+0.5%
Net Income	$459,965	$21,151	+20.7%

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

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

$19,051

Total Directors

$19,051

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH M STONE	PRESIDENT	5.00	Officer Director	$18,065	$0	$18,065
JAMES L CAPLINGER	EXECUTIVE VICE PRESIDENT	20.00	Officer Director	$986	$0	$986
SELENA SINGLETARY	TRUSTEE	2.00	Director	$0	$0	$0
CYNTHIA ATWATER	TRUSTEE	2.00	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	No data	No data	No data	No data
2023	$547,941	$87,976	$2,825,571	$459,965
2022	$78,281	$57,130	$2,386,525	$21,151
2021	$79,878	$60,765	$2,386,229	$19,113
2020	$87,959	$65,767	$2,390,993	$22,192
2019	$142,398	$63,068	$2,413,343	$79,330
2018	$44,000	$32,037	$2,392,672	$11,963

NORTH HILL APARTMENTS INC