NORTHERN ADIRONDACK HOUSING DEVELOPMENT FUND (EIN 455609097) - Form 990 Financial Analysis & Trantor Score

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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

2012

Legal Domicile

Phone

5184835934

Tax Period

2023-01-01 to 2023-12-31

NORTHERN ADIRONDACK HOUSING DEVELOPMENT FUND, founded in 2012, is a small nonprofit that reported $513K in total revenue in fiscal year 2023. Expenses of $667K exceeded revenue, resulting in a 30% operating deficit.

Mission

TO BUILD, MANAGE, AND PRESERVE LOW INCOME AND AFFORDABLE HOUSING PROJECTS AND PROGRAMS THAT SERVE LOW-INCOME ELDERLY, DISABLED AND FAMILIES.

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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 $0

Program Service Revenue $513,080

Investment Income $100

Other Revenue $0

TOTAL REVENUE $513,180

Expense Breakdown

Grants Paid $0

Salaries & Benefits $62,353

Fundraising Expenses $0

Program Expenses $566,913

Other Expenses $604,287

TOTAL EXPENSES $666,640

Year-over-Year Comparison

	2023	2022	Change
Revenue	$513,180	$505,131	+0.0%
Expenses	$666,640	$681,542	0.0%
Net Income	$-153,460	$-176,411	-0.1%

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

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

$85,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EILEEN GILLEN	Executive Dir.	5.00	Officer	$0	$0	$85,000
ANDY SHRADER	Director	0.10	Director	$0	$0	$0
NEIL SEYMOUR	President	0.10	Officer Director	$0	$0	$0
HELEN TRACY	Director	0.10	Director	$0	$0	$0
KAREN EDWARDS	Director	0.10	Director	$0	$0	$0
ONA RUSHFORD	Secretary	0.10	Director	$0	$0	$0
DEBBIE MAGUIRE	Vice President	0.10	Officer 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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$513,180	$666,640	$4,594,401	$-153,460
2022	$505,131	$681,542	$4,740,728	$-176,411
2021	$478,974	$676,705	$4,930,616	$-197,731
2020	$428,914	$614,025	$5,096,942	$-185,111
2019	$424,823	$587,489	$5,273,519	$-162,666
2018	$333,380	$700,611	$5,414,117	$-367,231

NORTHERN ADIRONDACK HOUSING DEVELOPMENT FUND