NORMANDALE HOUSING CORPORATION

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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

1974

Legal Domicile

Principal Officer

JEFF HUGGETT

Phone

9529291697

Tax Period

2023-01-01 to 2023-12-31

NORMANDALE HOUSING CORPORATION, founded in 1974, is a small nonprofit in the Housing & Shelter sector that reported $319K in total revenue in fiscal year 2023. Expenses of $450K exceeded revenue, resulting in a 41% operating deficit.

Mission

TO PROVIDE SUPPORT SERVICES AND INTERIM HOUSING IN A MANNER THAT WILL ASSIST FAMILIES SEEKING TO MAKE TRANSITIONS FROM HOMELESSNESS TO INDEPENDENT LIVING.

Program Service Accomplishments

Program 1

Expenses: $437,363

THE NORMANDALE HOUSING CORPORATION PROVIDES SUPPORTIVE SERVICES AND TRANSITIONAL HOUSING TO HOMELESS OR VERY LOW INCOME FAMILIES. OUR MISSION IS TO PROVIDE INTERIM HOUSING AND SERVICES IN A MANNER...

THE NORMANDALE HOUSING CORPORATION PROVIDES SUPPORTIVE SERVICES AND TRANSITIONAL HOUSING TO HOMELESS OR VERY LOW INCOME FAMILIES. OUR MISSION IS TO PROVIDE INTERIM HOUSING AND SERVICES IN A MANNER THAT WILL ASSIST FAMILIES SEEKING TO MAKE TRANSITIONS FROM HOMELESSNESS TO INDEPENDENT LIVING. THE PROGRAM HAS SERVED 7 FAMILIES DURING THE YEAR ENCOMPASSING 7 ADULTS AND 16 CHILDREN DURING 2023.

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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 (2023)

Revenue Breakdown

Contributions & Grants $308,701

Program Service Revenue $0

Investment Income $15

Other Revenue $10,556

TOTAL REVENUE $319,272

Expense Breakdown

Grants Paid $0

Salaries & Benefits $260,283

Fundraising Expenses $0

Program Expenses $437,363

Other Expenses $189,228

TOTAL EXPENSES $449,511

Year-over-Year Comparison

	2023	2022	Change
Revenue	$319,272	$300,753	+0.1%
Expenses	$449,511	$367,701	+0.2%
Net Income	$-130,239	$-66,948	+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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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

Total Directors

$77,578

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY HUGGETT	PRESIDENT	1.00	Officer Director	$0	$0	$0
JENNIFER MUSOLF	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
HELENE MACCALLUM	TREASURER	1.00	Officer Director	$0	$0	$0
MATTHEW KLEIN	SECRETARY	1.00	Officer Director	$0	$0	$0
PASTOR REBECCA GAMBLE	DIRECTOR	1.00	Director	$0	$13,440	$77,578
THOR ADAM	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY BERG	DIRECTOR	1.00	Director	$0	$0	$0
JAMES MEFFERT	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$319,272	$449,511	$152,786	$-130,239
2022	$300,753	$367,701	$287,908	$-66,948
2021	$333,737	$344,798	$354,827	$-11,061
2020	$264,188	$309,600	$374,924	$-45,412
2019	$240,064	$220,764	$407,860	$19,300