PORT HURON NEIGHBORHOOD HOUSING CO… - Form 990 Financial Data

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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

1990

Legal Domicile

Principal Officer

DAVID HAYNES

Phone

8109849735

Tax Period

2023-07-01 to 2024-06-30

PORT HURON NEIGHBORHOOD HOUSING CORPORATION, founded in 1990, is a micro nonprofit in the Housing & Shelter sector that reported $33K in total revenue in fiscal year 2023. Revenue surged 85% from the prior year, signaling strong growth momentum. Expenses of $48K exceeded revenue, resulting in a 44% operating deficit.

Mission

TO FULFILL THE DUAL OBJECTIVE OF PROVIDING QUALITY HOUSING TO LOW AND MODERATE INCOME FAMILIES AND UPGRADING AND REHABILITATING NEIGHBORHOODS WITHIN THE CITY OF PORT HURON AS MORE FULLY OUTLINED IN THE CORPORATION'S BY LAWS, THROUGH ACQUISITION, REHABILITATION, AND RESELLING HOUSING OR THROUGH NEW CONSTRUCTION OF HOUSING.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $-5,014

PROVISION OF HOUSING - PROVISION OF HOUSING FOR PERSONS MEETING HUD REQUIREMENTS TO RECEIVE HOUSING ASSISTANCE. OTHER COSTS ARE CAPITALIZED AND DISCLOSED ON LINE 10B AS COST OF THE PROPERTIES.

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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 $37,750

Program Service Revenue $0

Investment Income $524

Other Revenue $-5,014

TOTAL REVENUE $33,260

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $47,993

TOTAL EXPENSES $47,993

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,260	$17,940	+0.9%
Expenses	$47,993	$92,829	-0.5%
Net Income	$-14,733	$-74,889	-0.8%

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

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES FREED	BOARD MEMBER, CITY MANAGER	1.00	Director	$0	$0	$0
CHRISTINE NEWBERRY	BOARD MEMBER - PART YEAR	1.00	Officer Director	$0	$0	$0
SHANNON GRABOWSKY	BOARD MEMBER - PART YEAR	1.00	Officer Director	$0	$0	$0
JAZMYN THOMAS	SECRETARY/TREASURER	14.00	Officer	$0	$0	$0
LEE WARD	FINANCE DIRECTOR	1.00	Officer	$0	$0	$0
DAVID HAYNES	EXECUTIVE DIRECTOR	1.00	Officer	$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
2025	No data	No data	No data	No data
2024	$33,260	$47,993	$518,408	$-14,733
2023	$17,940	$92,829	$533,530	$-74,889
2022	$-59,795	$39,162	$607,526	$-98,957
2021	$14,454	$40,454	$706,167	$-26,000
2020	$-49,065	$41,228	$732,882	$-90,293
2019	$-84,411	$89,497	$846,724	$-173,908
2018	$-18,511	$45,878	$996,906	$-64,389

PORT HURON NEIGHBORHOOD HOUSING CORPORATION