NORTH EAST HOUSING INITIATIVE INC (EIN 473748163) - 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

2014

Legal Domicile

Principal Officer

Garrick R Good

Tax Period

2022-01-01 to 2022-12-31

NORTH EAST HOUSING INITIATIVE INC, founded in 2014, is a community nonprofit in the Housing & Shelter sector that reported $3.2M in total revenue in fiscal year 2022. Revenue surged 164% from the prior year, signaling strong growth momentum. Expenses of $2.9M left a modest 8% surplus.

Mission

TO BUILD COMMUNITY ONE HOME AT A TIME THROUGH THE DEVELOPMENT OF AFFORDABLE HOUSING FOR RESIDENTS AT OR BELOW 60% OF THE AREA MEDIAN INCOME (AMI).

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,100,000

Program Service Revenue $1,063,612

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,163,612

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,348,134

Fundraising Expenses $38,850

Program Expenses $2,985,747

Other Expenses $1,551,588

TOTAL EXPENSES $2,899,722

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,163,612	$1,200,112	+1.6%
Expenses	$2,899,722	$790,639	+2.7%
Net Income	$263,890	$409,473	-0.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARRICK R GOOD	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$0
DANISE JONES DORSEY	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DAVE OVERTON	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
MAGGIE DUNCAN AUGUSTT	TRUSTEE	1.00	Director	$0	$0	$0
HENRY DANIYAN	TRUSTEE	1.00	Director	$0	$0	$0
REVEREND FR TY HOLLINGER	TRUSTEE	1.00	Director	$0	$0	$0
ELLEN MARSHALL	TREASURER	1.00	Officer Director	$0	$0	$0
SADIE GOOCH	TRUSTEE	1.00	Director	$0	$0	$0
IVOR LABARRE	TRUSTEE	1.00	Director	$0	$0	$0
PHYLLIS SAVOY	TRUSTEE	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
2022	$3,163,612	$2,899,722	$6,021,770	$263,890
2021	$1,200,112	$790,639	$2,427,374	$409,473

NORTH EAST HOUSING INITIATIVE INC