HAVEN REDEVELOPMENT GROUP INC (EIN 452708534) - Form 990 Financial Analysis & Trantor Score

🔒

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

2012

Legal Domicile

Principal Officer

TERRANCE GERALD

Phone

3366089586

Tax Period

2017-07-01 to 2018-06-30

HAVEN REDEVELOPMENT GROUP INC, founded in 2012, is a small nonprofit that reported $258K in total revenue in fiscal year 2017. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $395K exceeded revenue, resulting in a 53% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING TO THE LOW-MODERATE INCOME RESIDENTS OF THE STATE OF NC, INCLUDING ELDERLY AND VETRANS HOUSING.

🔒

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 (2017)

Revenue Breakdown

Contributions & Grants $33,333

Program Service Revenue $221,870

Investment Income $178

Other Revenue $2,522

TOTAL REVENUE $257,903

Expense Breakdown

Grants Paid $0

Salaries & Benefits $186,059

Fundraising Expenses $0

Program Expenses $343,753

Other Expenses $208,814

TOTAL EXPENSES $394,873

Year-over-Year Comparison

	2017	2016	Change
Revenue	$257,903	$180,563	+0.4%
Expenses	$394,873	$372,237	+0.1%
Net Income	$-136,970	$-191,674	-0.3%

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

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

$123,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE CROSS	PREIDENT	10.00	Director	$0	$0	$0
JOHN WITHERSPOON	DIRECTOR	10.00	Director	$0	$0	$0
MACEO FREEMAN	DIRECTOR	10.00	Director	$0	$0	$0
TERRANCE GERALD	CEO	40.00	Officer	$123,000	$0	$123,000

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
2018	$257,903	$394,873	$2,341,311	$-136,970

HAVEN REDEVELOPMENT GROUP INC