NEIGHBORHOOD HOUSING SERVICES OF TOLEDO INC (EIN 341230687) - 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

1978

Legal Domicile

Principal Officer

FARNSEL WILLIAM

Phone

4196912900

Tax Period

2023-01-01 to 2023-12-31

NEIGHBORHOOD HOUSING SERVICES OF TOLEDO INC, founded in 1978, is a community nonprofit that reported $7.0M in total revenue in fiscal year 2023. Expenses of $8.2M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO RESTORE AND REVITALIZE THE NHS NEIGHBORHOODS, PRIMARILY FOR THE BENEFIT OF CURRENT AND FUTURE INHABITANTS, BY PROVIDING SERVICES AND PROGRAMS WHICH RENEW PRIDE, STIMULATE INVESTMENT AND RESTORE CONFIDENCE AND TRUST.

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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 $6,528,044

Program Service Revenue $191,913

Investment Income $311,905

Other Revenue $750

TOTAL REVENUE $7,032,612

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,155,021

Fundraising Expenses $0

Program Expenses $5,083,793

Other Expenses $3,055,133

TOTAL EXPENSES $8,210,154

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,032,612	$7,088,067	0.0%
Expenses	$8,210,154	$7,813,963	+0.1%
Net Income	$-1,177,542	$-725,896	+0.6%

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

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

$198,320

Total Directors

$198,320

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FARNSEL WILLIAM	EXECUTIVE DI	40.00	Officer Director	$151,968	$46,352	$198,320
KILLAM THOMAS	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRITT TRACEY	1ST VICE PRE	1.00	Officer Director	$0	$0	$0
KRAMER BEN	2ND VICE PRE	1.00	Officer Director	$0	$0	$0
PASTULA CHERI	SECRETARY	1.00	Officer Director	$0	$0	$0
KOLEBUCK STANLEY	TREASURER	1.00	Officer Director	$0	$0	$0
ADAMS MEG	TRUSTEE	1.00	Director	$0	$0	$0
BISHOP MARTICE	TRUSTEE	1.00	Director	$0	$0	$0
BROWN TATINA	TRUSTEE	1.00	Director	$0	$0	$0
CHONG MARQUITA	TRUSTEE	1.00	Director	$0	$0	$0
HUNYOR MEGAN	TRUSTEE	1.00	Director	$0	$0	$0
OSTRANDER JON F	TRUSTEE	1.00	Director	$0	$0	$0
PEAVY MARY	TRUSTEE	1.00	Director	$0	$0	$0
BROWN SHEILA	TRUSTEE	1.00	Director	$0	$0	$0
COLE TONYA	TRUSTEE	1.00	Director	$0	$0	$0
COLE RHONDA	TRUSTEE	1.00	Director	$0	$0	$0
FALL C WILLIAM	TRUSTEE	1.00	Director	$0	$0	$0
GLOVER EUNICE	TRUSTEE	1.00	Director	$0	$0	$0
LENHART GARY	TRUSTEE	1.00	Director	$0	$0	$0
MIRAMONTES ANGELA	TRUSTEE	1.00	Director	$0	$0	$0
MORRIN DANNY	TRUSTEE	1.00	Director	$0	$0	$0
NASH TRINA	TRUSTEE	1.00	Director	$0	$0	$0
SCHULTZ CATHY	TRUSTEE	1.00	Director	$0	$0	$0
WALKER DANETTA	TRUSTEE	1.00	Director	$0	$0	$0
WIGGINS ESSIE	TRUSTEE	1.00	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	$7,032,612	$8,210,154	$14,373,536	$-1,177,542
2022	$7,088,067	$7,813,963	$12,988,425	$-725,896
2021	$6,150,831	$5,718,932	$12,631,816	$431,899
2020	$5,318,458	$5,133,474	$11,985,398	$184,984
2019	$5,303,232	$4,987,971	$11,982,182	$315,261
2018	$4,704,376	$4,938,336	$12,482,277	$-233,960

NEIGHBORHOOD HOUSING SERVICES OF TOLEDO INC