NORTHTOWN HOUSING DEVELOPMENT CORP

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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

1993

Legal Domicile

Phone

9094847140

Tax Period

2023-01-01 to 2023-12-31

NORTHTOWN HOUSING DEVELOPMENT CORP, founded in 1993, is a community nonprofit in the Housing & Shelter sector that reported $2.6M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $1.2M, a strong 47% operating margin.

Mission

TO REVITALIZE THE NORTHTOWN COMMUNITIES, TO PROVIDE QUALITY AFFORDABLE HOUSING AND TO PROMOTE ECONOMIC DEVELOPMENT IN SOUTHERN CALIFORNIA.

Program Service Accomplishments

Program 1

Expenses: $748,422 Revenue: $1,164,185

NORTHTOWN HOUSING DEVELOPMENT CORP. IS A NONPROFIT ORGANIZED FOR THE ACQUISITION, DEVELOPMENT, OWNERSHIP, AND MANAGEMENT OF AFFORDABLE HOUSING PROPERTIES. NORTHTOWN ALSO PROVIDES SUPPORT EXPENSE...

NORTHTOWN HOUSING DEVELOPMENT CORP. IS A NONPROFIT ORGANIZED FOR THE ACQUISITION, DEVELOPMENT, OWNERSHIP, AND MANAGEMENT OF AFFORDABLE HOUSING PROPERTIES. NORTHTOWN ALSO PROVIDES SUPPORT EXPENSE DIRECTLY RELATED TO THE DEVELOPMENT AND SALE OF RESIDENTIAL PROPERTY TO QUALIFYING INDIVIDUALS. ALSO INCLUDED ARE CONTINUED OPERATING COSTS INCURRED ON THE COMMUNITY SERVICE CENTER WHICH OPENED IN OCTOBER 2001. THESE PROJECTS INCLUDE EXPENSES FOR CONSULTANT FEES, LEGAL FEES, EXECUTIVE DIRECTOR'S SALARY AND OTHER EMPLOYMENT COSTS RELATED THERETO, OFFICE EXPENSES, TELEPHONE EXPENSES, UTILITIES EXPENSES, INSURANCE, INVESTMENT FEES, AND VARIOUS OTHER MISCELLANEOUS EXPENSES.IN 2023, NORTHTOWN HOUSING DEVELOPMENT CORP RECEIVED $95,000 IN-KIND DONATION RELATED TO THE EXECUTIVE DIRECTOR SALARY OF $95,000.

Program 2

Expenses: $17,351

YOUTH ACTIVITIES IN THE COMMUNITY OF NORTHTOWN, INCLUDING A CINCO DE MAYO CELEBRATION, SUMMER DAY CAMP WITH FIELD TRIPS FOR THE YOUTH OF THE COMMUNITY OF NORTHTOWN, AS WELL AS taco night AND OTHER...

YOUTH ACTIVITIES IN THE COMMUNITY OF NORTHTOWN, INCLUDING A CINCO DE MAYO CELEBRATION, SUMMER DAY CAMP WITH FIELD TRIPS FOR THE YOUTH OF THE COMMUNITY OF NORTHTOWN, AS WELL AS taco night AND OTHER HOLIDAY CELEBRATIONS, AFTER SCHOOL TUTORING, AFTER SCHOOL ACTIVITIES, CULTURAL AND RECREATIONAL ACTIVITIES, COMPUTER LITERACY CLASSES, HEALTHY COOKING CLASSES, and A CHRISTMAS TOY GIVE-AWAY CONDUCTED IN AND FOR THE BENEFIT OF THE SOCIAL WELFARE OF THE NORTHTOWN COMMUNITY.

Program 3

Expenses: $5,245

COLLEGE SCHOLARSHIPS GRANTED TO three QUALIFYING GRADUATING HIGH SCHOOL STUDENT AWARDED DURING THE 2022/2023 SCHOOL YEARS.

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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 $1,448,926

Program Service Revenue $1,164,185

Investment Income $31,059

Other Revenue $0

TOTAL REVENUE $2,644,170

Expense Breakdown

Grants Paid $5,245

Salaries & Benefits $698,126

Fundraising Expenses $0

Program Expenses $771,018

Other Expenses $706,450

TOTAL EXPENSES $1,409,821

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,644,170	$2,974,145	-0.1%
Expenses	$1,409,821	$1,234,189	+0.1%
Net Income	$1,234,349	$1,739,956	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANTOS FUERTEZ	Vice President	1.00	Officer Director	$0	$0	$0
CAROL NORRIS	President	40.00	Officer Director	$0	$0	$0
JULIAN RINCON	cfo & secretary	1.00	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	No data	No data	No data	No data
2023	$2,644,170	$1,409,821	$8,761,202	$1,234,349
2022	$2,974,145	$1,234,189	$9,505,090	$1,739,956
2021	$2,885,682	$1,191,074	$8,211,144	$1,694,608
2020	$2,543,213	$1,199,646	$7,916,932	$1,343,567
2019	$2,715,088	$1,218,957	$3,292,286	$1,496,131
2018	$2,418,154	$1,225,727	$3,440,372	$1,192,427