N STREET VILLAGE 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

1972

Legal Domicile

Principal Officer

PORTIA ROBERTSON MIGAS

Phone

2029392076

Tax Period

2023-07-01 to 2024-06-30

N STREET VILLAGE INC, founded in 1972, is a community nonprofit that reported $10.0M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $11.6M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO EMPOWER HOMELESS AND LOW-INCOME WOMEN TO CLAIM THEIR HIGHEST QUALITY OF LIFE BY OBTAINING AND MAINTAINING GAINS IN HOUSING, INCOME, EMPLOYMENT, MENTAL HEALTH, PHYSICAL HEALTH, AND ADDICTION RECOVERY. N STREET VILLAGE ALSO PROVIDES AFFORDABLE RENTAL HOUSING FOR LOW-AND-MODERATE INCOME INDIVIDUALS AND FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $9,329,534 Revenue: $721,103

N STREET VILLAGE, INC. ("NSV") IS A SOCIAL SERVICE ORGANIZATION WITH A DUAL MISSION: TO EMPOWER LOW-INCOME AND HOMELESS WOMEN TO CLAIM THEIR HIGHEST QUALITY OF LIFE AND TO PROVIDE AFFORDABLE HOUSING FOR LOW- AND MODERATE-INCOME INDIVIDUALS AND FAMILIES. NSV ACCOMPLISHES ITS MISSION BY OFFERING A PORTFOLIO OF SERVICES DESIGNED TO MEET THE NEEDS OF ITS BENEFICIARIES. NSV'S FLAGSHIP LOCATION IS IN NORTHWEST DC, AS ARE A GREAT DEAL OF ITS LEGACY PROGRAMS. HOWEVER, AS NSV HAS EVOLVED OVER THE YEARS, IT HAS EXPANDED ITS SERVICES TO SEVEN PERMANENT LOCATIONS ACROSS FOUR WARDS OF DC. NSV SERVES ITS CLIENTS THROUGH SEVERAL PROGRAMS IN ADDITION TO THOSE STATED ABOVE. BETHANY WOMEN'S DAY CENTER PROVIDES MEALS, LAUNDRY AND SHOWER FACILITIES, ACTIVITIES, AND ACCESS TO CRISIS MANAGEMENT SUPPORT. THE WELLNESS CENTER PROVIDES HEALTH PROMOTION AND DISEASE PREVENTION SERVICES, INCLUDING ACCESS TO A PHYSICIAN, AND DENTIST; HEALTH EDUCATION, DISEASE MANAGEMENT, EXERCISE, AND NUTRITION CLASSES; SMOKING CESSATION PROGRAMS; MASSAGE; AND MORE. GREENHOUSE PROVIDES SUPPORT TO WOMEN WITH SUBSTANCE USE DISORDERS THAT HAVE THE DESIRE TO REDUCE OR ELIMINATE THE USE OF DRUGS/ALCOHOL. MARJ AND MAK VOCATIONAL CENTER PROVIDES WOMEN WITH ACCESS TO JOB SEEKING, JOB TRAINING, EDUCATION, AND FINANCIAL CAPABILITY SERVICES. NSV FINDS THAT CLIENT OUTCOMES IMPROVE BY PROVIDING COMPREHENSIVE SUPPORTIVE SERVICES LIKE THESE CO-LOCATED WITH HOUSING. LAST YEAR, N STREET VILLAGE SERVED NEARLY 1624 WOMEN AND 61 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 $9,215,218

Program Service Revenue $700,063

Investment Income $561,186

Other Revenue $-498,828

TOTAL REVENUE $9,977,639

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,687,045

Fundraising Expenses $1,095,138

Program Expenses $9,329,534

Other Expenses $3,686,650

TOTAL EXPENSES $11,573,573

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,977,639	$11,119,076	-0.1%
Expenses	$11,573,573	$10,870,505	+0.1%
Net Income	$-1,595,934	$248,571	-7.4%

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

170

Volunteers

194

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

$452,692

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PORTIA ROBERTSON MIGAS	CHIEF EXECUTIVE OFFICER	40.00	Officer Director	$0	$0	$0
PETER D SHIELDS	CHAIR	1.00	Officer Director	$0	$0	$0
RUTH M SORENSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
HILLARY BALTIMORE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CAROLYN ARPIN	TREASURER	1.00	Officer Director	$0	$0	$0
PEGGY SPARKS	SECRETARY	1.00	Officer Director	$0	$0	$0
PATRICE WILLOUGHBY	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
JEANNE SPECCHIO	ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
CINDY ARON	BOARD MEMBER	1.00	Director	$0	$0	$0
PASTOR KAREN BRAU	BOARD MEMBER	1.00	Director	$0	$0	$0
JOYCE BRAYBOY	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIA CASARELLA	BOARD MEMBER UNTIL 9/23	1.00	Director	$0	$0	$0
SARA CONRAD	BOARD MEMBER	1.00	Director	$0	$0	$0
BRENDA DURHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
ARIELLE ELLIOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
JANE FISHKIN	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY HARTSOCK	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC HERRMANN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINE KAUFMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHERINE KIMPEL	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY LEAR WHITE	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDRE LEWIS	BOARD MEMBER	1.00	Director	$0	$0	$0
KENNY PANKEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIAN PATTERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA POTTER	BOARD MEMBER	1.00	Director	$0	$0	$0
GERALDINE RHODES	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBORAH SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
KENYATTA BRUNSON	CHIEF EXECUTIVE OFFICER UNTIL 2/24	50.00	Officer	$240,275	$16,567	$256,842
REGINALD RAY	CHIEF OPERATING OFFICER UNTIL 4/24	40.00	Officer	$195,850	$0	$195,850
TIMOTHY FRETZ	DIRECTOR OF OPERATIONS	40.00	Highest	$106,079	$20,726	$126,805
GLENDA LABINJO	CONTROLLER	40.00	Highest	$110,008	$10,153	$120,161

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	$9,977,639	$11,573,573	$30,744,057	$-1,595,934
2023	$11,119,076	$10,870,505	$31,859,096	$248,571
2022	$12,098,781	$10,554,928	$31,394,196	$1,543,853
2021	$11,867,277	$10,333,660	$31,040,838	$1,533,617
2020	$10,773,442	$9,642,670	$28,946,381	$1,130,772
2019	$8,856,653	$9,114,688	$27,310,923	$-258,035
2018	$8,511,151	$8,616,636	$28,710,878	$-105,485