NAZARETH HOUSING DEVELOPMENT CORP (EIN 341908695) - 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

1999

Legal Domicile

Principal Officer

KEITH R STAHL

Phone

3303741526

Tax Period

2023-01-01 to 2023-12-31

NAZARETH HOUSING DEVELOPMENT CORP, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $507K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $588K exceeded revenue, resulting in a 16% operating deficit.

Mission

PERFORM AS AN ENVIRONMENTALLY, FISCALLY AND LOCALLY RESPONSIBLE CORPORATE CITIZEN, AS EVIDENCED BY THE AGENCY'S WORK AND POLICIES: ~REDUCE THE IMPACT OF BUILDING PROJECTS ON THE ENVIRONMENT AND PROTECT THE MUNICIPALITY'S RESOURCES BY CORRECTING AND PLACING INTO SERVICE EXISTING HOUSING STOCK. ~STEWARD THE ORGANIZATION'S RESOURCES WITH AN EXCEPTIONALLY CAPABLE BOARD OF DIRECTORS; HIGHLY SKILLED STAFF: AND EXTENSIVE USE OF VOLUNTEERS. ~STEWARD THE CLIENTS' RESOURCES BY PROVIDING BELOW MARKET RENTS WITH THE CAREFUL USE OF GRANT FUNDS. FURTHER STEWARD RESOURCES BY PLACING ENERGY EFFICIENT FURNACES, WINDOWS AND APPLIANCES IN HOMES AND ASSISTING WITH FINANCIAL LITERACY. ~FURTHER STRENGTHEN NEIGHBORHOODS BY SUPPORTING LOCAL BUSINESSES; HIRING LOCAL CONTRACTORS; SOURCING MATERIALS FROM LOCAL VENDORS; AND BY RE-USING MATERIALS WHEN FEASIBLE. -STRENGTHEN THE LARGER COMMUNITY WITH EFFECTIVE COLLABORATIONS.

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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 $12,576

Program Service Revenue $467,279

Investment Income $0

Other Revenue $27,189

TOTAL REVENUE $507,044

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,825

Fundraising Expenses $6,016

Program Expenses $566,038

Other Expenses $505,212

TOTAL EXPENSES $588,037

Year-over-Year Comparison

	2023	2022	Change
Revenue	$507,044	$542,810	-0.1%
Expenses	$588,037	$562,256	+0.0%
Net Income	$-80,993	$-19,446	+3.2%

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

154

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

$60,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH HARRIS	EXECUTIVE DI	40.00	Officer	$60,000	$0	$60,000
ROBERT BRECHT	TREASURER	2.00	Officer Director	$0	$0	$0
JENNIFER ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
KEITH R STAHL	PRESIDENT	2.00	Officer Director	$0	$0	$0
ROBERT J WARNER	VICE-PRES./S	2.00	Officer Director	$0	$0	$0
KRISTINA WITTMAN	DIRECTOR	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	$507,044	$588,037	$1,317,022	$-80,993
2022	$542,810	$562,256	$1,317,999	$-19,446
2021	$369,121	$370,104	$1,412,176	$-983
2020	$319,164	$386,433	$1,344,210	$-67,269
2019	$598,758	$472,255	$1,402,715	$126,503
2018	$929,831	$882,398	$1,398,552	$47,433

NAZARETH HOUSING DEVELOPMENT CORP