HOUSING AUTHORITY VILLAGE OF NORWALK (EIN 391212037) - 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

1982

Legal Domicile

Principal Officer

DOUGLAS GNEWIKOW

Phone

6087841381

Tax Period

2024-01-01 to 2024-12-31

HOUSING AUTHORITY VILLAGE OF NORWALK, founded in 1982, is a small nonprofit that reported $110K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $95K left a modest 13% surplus.

Mission

LOW INCOME HOUSING FOR THE ELDERLY

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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 $108,487

Investment Income $9

Other Revenue $1,080

TOTAL REVENUE $109,576

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,800

Fundraising Expenses $0

Program Expenses $81,315

Other Expenses $90,206

TOTAL EXPENSES $95,006

Year-over-Year Comparison

	2024	2023	Change
Revenue	$109,576	$87,143	+0.3%
Expenses	$95,006	$56,955	+0.7%
Net Income	$14,570	$30,188	-0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS GNEWIKOW	PRESIDENT	0.25	Director	$0	$0	$0
HENRY VIAN	VICE PRESIDENT	0.25	Director	$0	$0	$0
THERESA CUNITZ	SECRETARY	0.25	Director	$0	$0	$0
JEAN BARDEEN	TREASURER	0.25	Director	$0	$0	$0
ALEX KARIS	MEMBER	0.25	Director	$0	$0	$0
JOYCE SCHREIER	MEMBER	0.25	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	$109,576	$95,006	$510,844	$14,570
2023	$87,143	$56,955	$507,825	$30,188
2022	$74,639	$53,310	$484,923	$21,329
2021	$72,484	$73,515	$474,014	$-1,031
2020	$78,073	$104,968	$500,513	$-26,895
2019	$70,108	$56,779	$507,147	$13,329
2018	$64,749	$51,240	$503,802	$13,509

HOUSING AUTHORITY VILLAGE OF NORWALK