OMAHA, NE
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)CORRIGAN NEIGHBORHOOD ASSOCIATION INC, founded in 1987, is a small nonprofit that reported $324K in total revenue in fiscal year 2024. Expenses of $314K left a modest 3% surplus.
CORRIGAN HEIGHTS IS A THIRTY-FOUR UNIT RENTAL PROJECT OWNED AND OPERATED BY CORRIGAN NEIGHBORHOOD ASSOCIATION, INC., A NONPROFIT ORGANIZATION LOCATED IN OMAHA, NEBRASKA. THE PROJECT IS OPERATED UNDER SECTION 207, PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT OF 1974, MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS, AND IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHANGES AND OPERATING METHODS. THE PROJECTS MAJOR PROGRAM IS ITS SECTION 207 SUBSIDIZED LOAN. THE PROJECT IS ALSO SUBJECT TO SECTION 8 ASSISTANCE PAYMENTS AGREEEMENTS WITH HUD AND A SIGNIFICANT PORTION OF THE PROJECTS RENT IS RECEIVED FROM HUD. THE PROJECTS NONMAJOR PROGRAM IS ITS SECTION 8 RENT SUBSIDY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $324,153 | $313,948 | +0.0% |
| Expenses | $314,090 | $275,944 | +0.1% |
| Net Income | $10,063 | $38,004 | -0.7% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LISA CLAPP DARLAND PROPERTIES | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MARY LOU CAVLOVIK | VICE PRESIDE | 1.00 |
Officer
|
$0 | $0 | $0 |
| MICHELLE HUG | SECRETARY | 1.00 |
Officer
|
$0 | $0 | $0 |
| JAMES B KRESNIK | VICE PRESIDE | 1.00 |
Officer
|
$0 | $0 | $0 |
| CARL MEYERS | PRESIDENT | 1.00 |
Officer
|
$0 | $0 | $0 |
| BILL VEYS | TREASURER | 1.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $324,153 | $314,090 | $416,136 | $10,063 |
| 2023 | $313,948 | $275,944 | $428,726 | $38,004 |
| 2022 | $700,686 | $502,898 | $414,390 | $197,788 |
| 2021 | $343,811 | $304,495 | $232,338 | $39,316 |
| 2020 | $288,004 | $284,408 | $214,249 | $3,596 |
| 2019 | $296,275 | $283,289 | $244,114 | $12,986 |
| 2018 | $242,067 | $288,909 | $268,336 | $-46,842 |
Compare CORRIGAN NEIGHBORHOOD ASSOCIATION INC with other nonprofits in Nebraska and across the country.