NEIGHBORHOOD HOUSING SERVICES OF DULUTH ONE ROOF LENDING

EIN: 411465688 501(c)(3) Community Improvement

DULUTH, MN

Total Revenue
$702,309
Total Expenses
$653,482
Total Assets
$6,695,442
Net Assets
$3,044,800
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
MN
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.

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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%)

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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
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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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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
15

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
5
$239,504
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
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
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