NORTHERN HOMES COMMUNITY DEVELOPMENT CORPORATION (EIN 383395829) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

JANE MACKENZIE

Phone

2315826244

Tax Period

2023-01-01 to 2023-12-31

NORTHERN HOMES COMMUNITY DEVELOPMENT CORPORATION, founded in 1998, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum.

Mission

TO CREATE AND PRESERVE QUALITY AFFORDABLE HOUSING OPTIONS FOR NORTHERN MICHIGAN RESIDENTS.

🔒

Trantor Score

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $319,656

Program Service Revenue $1,355,072

Investment Income $-27,941

Other Revenue $605

TOTAL REVENUE $1,647,392

Expense Breakdown

Grants Paid $0

Salaries & Benefits $521,278

Fundraising Expenses $0

Program Expenses $1,443,395

Other Expenses $1,098,397

TOTAL EXPENSES $1,619,675

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,647,392	$1,069,277	+0.5%
Expenses	$1,619,675	$930,755	+0.7%
Net Income	$27,717	$138,522	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

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

Governance

Voting Members

Independent Members

Employees

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

$108,649

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUE CLEARY	DIRECTOR	2.00	Director	$0	$0	$0
TOM JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
SEAN BARON	DIRECTOR	2.00	Director	$0	$0	$0
DENNY KEISER	DIRECTOR	2.00	Director	$0	$0	$0
SHANNON FENDER	SECRETARY	2.00	Officer Director	$0	$0	$0
BILL LORNE	TREASURER	2.00	Officer Director	$0	$0	$0
MEL MATCHETT	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVID WHITE	PRESIDENT	2.50	Officer Director	$0	$0	$0
JANE MACKENZIE	EXECUTIVE DIRECTOR	40.00	Officer	$83,625	$25,024	$108,649

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	$1,647,392	$1,619,675	$5,333,546	$27,717
2022	$1,069,277	$930,755	$5,128,943	$138,522
2021	$1,524,344	$651,089	$4,359,546	$873,255
2020	$905,904	$633,739	$3,044,401	$272,165
2019	$940,858	$602,073	$3,109,113	$338,785
2018	$550,701	$507,765	$2,365,042	$42,936

NORTHERN HOMES COMMUNITY DEVELOPMENT CORPORATION