NORTOWN COMMUNITY DEVELOPMENT CORPORATION (EIN 383031512) - 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

1992

Legal Domicile

Principal Officer

RONALD M NEMERSKI

Phone

3138917709

Tax Period

2023-01-01 to 2023-12-31

NORTOWN COMMUNITY DEVELOPMENT CORPORATION, founded in 1992, is a micro nonprofit in the Housing & Shelter sector that reported $40K in total revenue in fiscal year 2023. Revenue surged 204% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7K, a strong 18% operating margin.

Mission

AS A 501(C)(3) TAX-EXEMPT ORGANIZATION, NORTOWN SERVES AS A PLACE-BASED COLLABORATIVE TO DEVELOP AND FOSTER SAFE AND AFFORDABLE HOUSING, HISTORIC PRESERVATION, BUSINESS RETENTION AND EXPANSION, EDUCATIONAL, RECREATIONAL, CULTURAL, AND JOB OPPORTUNITIES IN NORTHEAST DETROIT.THESE IDEALS RAISE AND STABILIZE THE ECONOMIC, ENVIRONMENTAL, EDUCATIONAL, AND SOCIAL LEVELS OF ITS NEIGHBORHOOD CONSTITUENTS, ESPECIALLY MINORITY AND LOW TO MODERATE INCOME 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $39,564

Program Service Revenue $0

Investment Income $2

Other Revenue $0

TOTAL REVENUE $39,566

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $24,108

Other Expenses $32,391

TOTAL EXPENSES $32,391

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,566	$13,035	+2.0%
Expenses	$32,391	$30,710	+0.1%
Net Income	$7,175	$-17,675	-1.4%

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

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
EARNESTINE BEAMON	DIRECTOR	10.00	Director	$0	$0	$0
MARY JOHNSON	DIRECTOR	10.00	Director	$0	$0	$0
CHARLES STOKES	DIRECTOR	10.00	Director	$0	$0	$0
PAMELA WILSON	DIRECTOR	10.00	Director	$0	$0	$0
PATRICIA BOSCH	EXECUTIVE OF	20.00	Officer	$0	$0	$0
CHOYCE HARRIS	SECRETARY/TR	10.00	Officer	$0	$0	$0
RONALD M NEMERSKI	PRESIDENT	10.00	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
2024	No data	No data	No data	No data
2023	$39,566	$32,391	$121,391	$7,175
2022	$13,035	$30,710	$114,216	$-17,675
2021	$17,122	$29,969	$121,891	$-12,847
2020	$30,779	$32,194	$140,260	$-1,415

NORTOWN COMMUNITY DEVELOPMENT CORPORATION