OVID AREA NONPROFIT HOUSING CORPORATION INC (EIN 383341278) - 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

2001

Legal Domicile

Principal Officer

JENNIFER MARTIN

Phone

9898345451

Tax Period

2024-01-01 to 2024-12-31

OVID AREA NONPROFIT HOUSING CORPORATION INC, founded in 2001, is a micro nonprofit in the Housing & Shelter sector that reported $92K in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $106K exceeded revenue, resulting in a 16% operating deficit.

Mission

DEVELOPMENT AND MANAGEMENT OF A 12-UNIT LOW-INCOME SENIOR HOUSING PROJECT IN OVID, MI.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $89,875

Investment Income $1,794

Other Revenue $0

TOTAL REVENUE $91,669

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,235

Fundraising Expenses $0

Program Expenses $47,249

Other Expenses $79,025

TOTAL EXPENSES $106,260

Year-over-Year Comparison

	2024	2023	Change
Revenue	$91,669	$151,901	-0.4%
Expenses	$106,260	$126,608	-0.2%
Net Income	$-14,591	$25,293	-1.6%

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
ROGER MATTHIES	TRUSTEE	1.00	Director	$0	$0	$0
NANCY WATKINS	TRUSTEE	1.00	Director	$0	$0	$0
MARLA DOBSKI	TRUSTEE	1.00	Director	$0	$0	$0
CONNIE THORNTON	TRUSTEE	1.00	Director	$0	$0	$0
SHERRY BYRNES	TRUSTEE	1.00	Director	$0	$0	$0
GAVIN BUKOVCIK	TREASURER	1.00	Officer Director	$0	$0	$0
BRAD KELLEY	SECRETARY	1.00	Officer Director	$0	$0	$0
DEE RITTER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JENNIFER MARTIN	PRESIDENT	3.00	Officer 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	$91,669	$106,260	$441,190	$-14,591
2023	$151,901	$126,608	$470,092	$25,293
2022	$146,087	$121,469	$471,154	$24,618
2021	$86,120	$81,731	$499,431	$4,389
2020	$81,728	$77,015	$460,271	$4,713
2019	$80,880	$76,460	$470,205	$4,420
2018	$75,230	$76,599	$478,148	$-1,369

OVID AREA NONPROFIT HOUSING CORPORATION INC