Eastern Dakota Housing Alliance Inc

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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

1998

Legal Domicile

Principal Officer

Cheryl Carey

Phone

7013642833

Tax Period

2021-01-01 to 2021-07-12

Eastern Dakota Housing Alliance Inc, founded in 1998, is a micro nonprofit that reported $92 in total revenue in fiscal year 2020. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $20K exceeded revenue, resulting in a 21854% operating deficit.

Mission

To foster the development and preservation of affordable housing in eastern North Dakota.

Program Service Accomplishments

Program 1

Expenses: $15,685 Revenue: $50

Eastern Dakota Housing Alliance (EDHA) was incorporated to promote and assist in the development of activities leading to safe, affordable housing in a 25 county service area by partnering with...

Eastern Dakota Housing Alliance (EDHA) was incorporated to promote and assist in the development of activities leading to safe, affordable housing in a 25 county service area by partnering with community entities. No new activities were reported in 2021.All existing projects received technical and financial compliance assistance. Technical assistance was provided to one additional community and/or developer.The Organization dissolved in 2021, and distributed the assets in accordance to the Articles of Dissolution.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $50

Investment Income $42

Other Revenue $0

TOTAL REVENUE $92

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $15,685

Other Expenses $20,198

TOTAL EXPENSES $20,198

Year-over-Year Comparison

	2020	2019	Change
Revenue	$92	$11,407	-1.0%
Expenses	$20,198	$4,355	+3.6%
Net Income	$-20,106	$7,052	-3.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cheryl Carey	President	0.25	Officer Director	$0	$0	$0
Shelley Popiel	Vice President	0.25	Officer Director	$0	$0	$0
Valerie Benson	Secretary	0.25	Officer Director	$0	$0	$0
Paula Schuh	Director	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
2021	$92	$20,198	No data	$-20,106
2020	$11,407	$4,355	$999,429	$7,052
2019	$19,386	$37,132	$1,486,439	$-17,746
2018	$41,355	$235,031	$4,107,463	$-193,676