Northgate Homes Corporation

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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

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

Program Service Accomplishments

Program 1

Expenses: $748,963 Revenue: $1,181,297

The Corporation was organized to collectively maintain and preserve the common property and amenities for the pleasure and benefit of the general public.

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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 $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

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

Total Directors

Key Employees

Highest Compensated

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