TETON HOUSING CORPORATION

EIN: 341430740 501(c)(3)

AKRON, OH

Total Revenue
$747,341
Total Expenses
$722,373
Total Assets
$799,068
Net Assets
$-1,031,871
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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
1984
Legal Domicile
OH
Principal Officer
HERBERT NEWMAN
Phone
3307624011
Tax Period
2024-01-01 to 2024-12-31

TETON HOUSING CORPORATION, founded in 1984, is a small nonprofit that reported $747K in total revenue in fiscal year 2024. Expenses of $722K left a modest 3% surplus.

Mission

PROVIDES LOW-INCOME HOUSING FOR ELDERLY AND HANDICAPPED PERSONS

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $745,197
Investment Income $186
Other Revenue $1,958
TOTAL REVENUE $747,341

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $677,167
Other Expenses $722,373
TOTAL EXPENSES $722,373

Year-over-Year Comparison

2024 2023 Change
Revenue $747,341 $716,402 +0.0%
Expenses $722,373 $699,182 +0.0%
Net Income $24,968 $17,220 +0.4%
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

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Governance

Voting Members
4
Independent Members
1
Employees
N/A
Volunteers
4

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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELMER JACOBS PRESIDENT 1.00
Officer Director
$0 $0 $0
HERBERT NEWMAN VP, SECRETARY, TREASURER 1.00
Officer Director
$0 $0 $0
EDWARD M NEWMAN TRUSTEE 1.00
Director
$0 $0 $0
H BRADLEY WILLEN 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 $747,341 $722,373 $799,068 $24,968
2023 $716,402 $699,182 $851,166 $17,220
2022 $690,428 $652,156 $900,875 $38,272
2021 $695,294 $650,991 $924,876 $44,303
2020 $692,149 $681,611 $975,369 $10,538
2019 $675,333 $649,813 $1,005,005 $25,520
2018 $665,835 $664,781 $1,035,815 $1,054
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