ASSISI HOMES OF NEENAH INC

EIN: 363767250 501(c)(3) Housing & Shelter

DENVER, CO

Total Revenue
$391,681
Total Expenses
$407,975
Total Assets
$795,752
Net Assets
$725,089
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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
1989
Legal Domicile
WI
Principal Officer
MARK ANGELINI
Phone
3038303300
Tax Period
2023-01-01 to 2023-12-31

ASSISI HOMES OF NEENAH INC, founded in 1989, is a small nonprofit in the Housing & Shelter sector that reported $392K in total revenue in fiscal year 2023.

Mission

ASSISI HOMES OF NEENAH, INC., IS A NOT-FOR-PROFIT CORPORATION FORMED ON OCTOBER 24, 1989 IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF WISCONSIN FOR THE PURPOSE OF OPERATING HOUSING FOR VERY LOW-INCOME ELDERLY PERSONS OR VERY LOW-INCOME PERSONS WITH DISABILITIES IN NEENAH, WISCONSIN, WHICH PROVIDES HOUSING AND RELATED SERVICES FOR VERY LOW INCOME ELDERLY OR DISABLED PERSONS. THE CORPORATION RECEIVES HOUSING ASSISTANCE AND CAPITAL ADVANCES FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $239,702
Program Service Revenue $148,998
Investment Income $75
Other Revenue $2,906
TOTAL REVENUE $391,681

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $390,817
Other Expenses $407,975
TOTAL EXPENSES $407,975

Year-over-Year Comparison

2023 2022 Change
Revenue $391,681 $388,585 +0.0%
Expenses $407,975 $452,467 -0.1%
Net Income $-16,294 $-63,882 -0.7%
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
3
Independent Members
N/A
Employees
N/A
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
8
$1,645,304
Total Directors
3
$704,745
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE ROSENBLUM SECRETARY/DIRECTOR 1.00
Officer Director
$0 $10,201 $232,549
KASSIDI BOENING VICE PRESIDENT/DIRECTOR 1.00
Officer Director
$0 $28,633 $172,677
MELISSA CLAYTON VICE PRESIDENT/DIRECTOR 1.00
Officer Director
$0 $33,798 $299,519
BRUCE SAAB VICE PRESIDENT (UNTIL 10/23) 1.00
Officer
$0 $13,324 $98,303
CHAD PAYNE TREASURER 1.00
Officer
$0 $8,496 $200,685
EDGAR FLAGG III VICE PRESIDENT 1.00
Officer
$0 $26,276 $207,632
FATMAH FARRAJ VICE PRESIDENT 1.00
Officer
$0 $12,560 $177,119
MARK ANGELINI PRESIDENT 1.00
Officer
$0 $11,727 $256,820
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 $391,681 $407,975 $795,752 $-16,294
2022 $388,585 $452,467 $808,049 $-63,882
2021 $383,874 $402,535 $881,430 $-18,661
2020 $380,656 $396,195 $880,363 $-15,539
2019 $362,177 $371,858 $898,872 $-9,681
2018 $323,698 $399,465 $912,676 $-75,767
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