NEIGHBORHOOD HOUSING SERVICES OF D… - Form 990 Financial Data

🔒

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

1983

Legal Domicile

Principal Officer

JEFF COREY

Phone

2187275372

Tax Period

2023-01-01 to 2023-12-31

NEIGHBORHOOD HOUSING SERVICES OF DULUTH ONE ROOF LENDING, founded in 1983, is a small nonprofit in the Community Improvement sector that reported $702K in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $653K left a modest 7% surplus.

Mission

ONE ROOF COMMUNITY LENDING'S MISSION IS TO PROVIDE FINANCING THAT WILL HELP PEOPLE OF LOWER INCOME FIND, PURCHASE, AND FIX THEIR HOMES, FOR BOTH SINGLE FAMILY HOMES AS WELL AS RENTAL HOUSING SITUATIONS.

Program Service Accomplishments

Program 1

Expenses: $653,482 Revenue: $288,666

SINGLE FAMILY HOME LENDING: HOME OWNERSHIP PRESERVATION THROUGH A VARIETY OF BELOW MARKET RATE HOME RENOVATION LENDING PRODUCTS TO REVITALIZE OUR COMMUNITY'S AGING HOUSING STOCK AND ENSURE THE...

SINGLE FAMILY HOME LENDING: HOME OWNERSHIP PRESERVATION THROUGH A VARIETY OF BELOW MARKET RATE HOME RENOVATION LENDING PRODUCTS TO REVITALIZE OUR COMMUNITY'S AGING HOUSING STOCK AND ENSURE THE SUCCESS OF OUR LOWER INCOME HOMEOWNERS. ONE ROOF ALSO PROVIDES PURCHASE ASSISTANCE LOANS FOR INCOME QUALIFIED BUYERS WHO HAVE ATTENDED HOMEBUYER EDUCATION CLASSES AND PURCHASING WITHIN 30 MILES OF DULUTH. AND, ON BEHALF OF THE CITY OF SUPERIOR, WISCONSIN, ONE ROOF PROVIDES DEFERRED LOANS TO INCOME ELIGIBLE HOUSEHOLDS IN THAT COMMUNITY AS WELL. ONE ROOF'S LENDING SERVICES CAN BE ACCESSED VIA ITS WEBSITE OR IN PERSON AT ITS OFFICE. IN 2023, ONE ROOF DEPLOYED $1.6 MILLION OF NEW LOANS.

🔒

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 $413,350

Program Service Revenue $282,544

Investment Income $293

Other Revenue $6,122

TOTAL REVENUE $702,309

Expense Breakdown

Grants Paid $0

Salaries & Benefits $399,439

Fundraising Expenses $0

Program Expenses $653,482

Other Expenses $254,043

TOTAL EXPENSES $653,482

Year-over-Year Comparison

	2023	2022	Change
Revenue	$702,309	$1,142,937	-0.4%
Expenses	$653,482	$654,202	0.0%
Net Income	$48,827	$488,735	-0.9%

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

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

$239,504

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEANINE DAHL	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTOPHER HENAGIN	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB RYAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY FRANCES SKALA	BOARD MEMBER	1.00	Director	$0	$0	$0
JOEL TRACEY	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN JONES-CASEY	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
BRIAN MURPHY	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSICA LANGER	BOARD MEMBER	1.00	Director	$0	$0	$0
HANNAH SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
TONYA LOKEN	BOARD MEMBER	1.00	Director	$0	$0	$0
EMILY EDISON	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
AARON KELLY	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA WICK	BOARD MEMBER	1.00	Director	$0	$0	$0
DENEICE KRAMER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN STAINE	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF COREY	EXECUTIVE DIRECTOR	1.00	Officer	$0	$18,863	$146,383
VICKIE HARTLEY	FINANCE DIRECTOR	1.00	Officer	$0	$6,327	$93,121

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	$702,309	$653,482	$6,695,442	$48,827
2022	$1,142,937	$654,202	$6,505,287	$488,735
2021	$1,241,282	$857,917	$6,840,807	$383,365
2020	$1,266,720	$1,158,854	$5,333,672	$107,866
2019	$645,780	$490,507	$4,945,693	$155,273
2018	$1,355,251	$614,318	$5,943,665	$740,933

NEIGHBORHOOD HOUSING SERVICES OF DULUTH ONE ROOF LENDING