Northgate Homes Corporation

EIN: 521048820

Olney, MD

Total Revenue
$1,181,297
Total Expenses
$947,433
Total Assets
$1,498,831
Net Assets
$1,326,922
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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
1977
Legal Domicile
MD
Principal Officer
Saul Pineda
Phone
3019247355
Tax Period
2024-01-01 to 2024-12-31

Northgate Homes Corporation, founded in 1977, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. The organization ran a surplus of $234K, a strong 20% operating margin.

Mission

Maintenance of common property

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,154,263
Program Service Revenue $0
Investment Income $19,424
Other Revenue $7,610
TOTAL REVENUE $1,181,297

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $748,963
Other Expenses $947,433
TOTAL EXPENSES $947,433

Year-over-Year Comparison

2024 2023 Change
Revenue $1,181,297 $1,095,337 +0.1%
Expenses $947,433 $983,710 0.0%
Net Income $233,864 $111,627 +1.1%
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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

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
4
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Saul Pineda Pres/As Needed N/A
Officer
$0 $0 $0
Jane Hatch Vice Pres/As Needed N/A
Officer
$0 $0 $0
Michael Brown Treas/As Needed N/A
Officer
$0 $0 $0
Sarah Albert Sec/As Needed N/A
Officer
$0 $0 $0
Ira Krowitz Dir/As Needed N/A
Director
$0 $0 $0
Diane Wright Dir/As Needed N/A
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
2024 $1,181,297 $947,433 $1,498,831 $233,864
2023 $1,095,337 $983,710 $1,261,863 $111,627
2022 $1,016,359 $1,109,181 $1,107,032 $-92,822
2021 $949,299 $1,117,228 $1,205,086 $-167,929
2020 $942,809 $702,342 $1,382,034 $240,467
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