NORTHEAST HOUSING INITIATIVE INC (EIN 470829404) - 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

2000

Legal Domicile

Principal Officer

MEGAN WEAVER

Phone

4022878022

Tax Period

2024-01-01 to 2024-12-31

NORTHEAST HOUSING INITIATIVE INC, founded in 2000, is a micro nonprofit that reported $58K in total revenue in fiscal year 2024. Revenue surged 1225% from the prior year, signaling strong growth momentum. Expenses of $65K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROMOTE ADEQUATE AND AFFORDABLE HOUSING, ECONOMIC OPPORTUNITY, AND A SUITABLE LIVING ENVIRONMENT FREE FROM DISCRIMINATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $53,328

Investment Income $4,422

Other Revenue $290

TOTAL REVENUE $58,040

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $61,656

Other Expenses $64,660

TOTAL EXPENSES $64,660

Year-over-Year Comparison

	2024	2023	Change
Revenue	$58,040	$4,380	+12.3%
Expenses	$64,660	$1,024	+62.1%
Net Income	$-6,620	$3,356	-3.0%

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

$58,923

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON MCQUISTAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
TERRY BAKER	TREASURER	1.00	Officer Director	$0	$0	$0
GARY SALMON	SECRETARY	1.00	Officer Director	$0	$0	$0
ROSS HANSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
KATE DOLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
GAREK BEBEE	BOARD MEMBER	1.00	Director	$0	$0	$0
MEGAN WEAVER	EXECUTIVE DIRECTOR	10.00	Officer	$0	$58,923	$58,923

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	$58,040	$64,660	$1,245,804	$-6,620
2023	$4,380	$1,024	$1,032,919	$3,356
2022	$43,058	$78,251	$1,255,239	$-35,193
2021	$49,446	$166,000	$1,292,779	$-116,554
2020	$46,890	$89,334	$1,418,093	$-42,444
2019	$40,620	$101,758	$1,465,910	$-61,138

NORTHEAST HOUSING INITIATIVE INC