NATIONAL ASSOCIATION OF HOUSING COOPERATIVES INC

EIN: 521108396 501(c)(3) Community Improvement

FARMINGTON HILLS, MI

Total Revenue
$482,131
Total Expenses
$427,043
Total Assets
$389,723
Net Assets
$151,078
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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
1960
Legal Domicile
DE
Principal Officer
FRED GIBBS
Phone
2027370797
Tax Period
2023-01-01 to 2023-12-31

NATIONAL ASSOCIATION OF HOUSING COOPERATIVES INC, founded in 1960, is a small nonprofit in the Community Improvement sector that reported $482K in total revenue in fiscal year 2023. Expenses of $427K left a modest 11% surplus.

Mission

TO SUPPORT AND EDUCATE EXISTING AND NEW COOPERATIVE HOUSING COMMUNITIES AS THE BEST AND MOST ECONOMICAL FORM OF HOMEOWNERSHIP.

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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 (2023)

Revenue Breakdown

Contributions & Grants $31,025
Program Service Revenue $445,162
Investment Income $40
Other Revenue $5,904
TOTAL REVENUE $482,131

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $339,918
Other Expenses $427,043
TOTAL EXPENSES $427,043

Year-over-Year Comparison

2023 2022 Change
Revenue $482,131 N/A N/A
Expenses $427,043 N/A N/A
Net Income $55,088 N/A N/A
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
25
Independent Members
25
Employees
N/A
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
5
$0
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEX AHO BOARD MEMBER 1.00
Director
$0 $0 $0
BRENDA ATKINS BOARD MEMBER 1.00
Director
$0 $0 $0
BRITTINI BRIDGES BOARD MEMBER 1.00
Director
$0 $0 $0
LINDA BROCKWAY BOARD MEMBER 1.00
Director
$0 $0 $0
NORMA COIGNET BROWN BOARD MEMBER 1.00
Director
$0 $0 $0
DONNA MARIE CURVIN BOARD MEMBER 1.00
Director
$0 $0 $0
DINO DEMARE BOARD MEMBER 1.00
Director
$0 $0 $0
LEON GEOXAVIER BOARD MEMBER 1.00
Director
$0 $0 $0
VALERIE HALL BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN HARVEY BOARD MEMBER 1.00
Director
$0 $0 $0
ANNE HILL BOARD MEMBER 1.00
Director
$0 $0 $0
BLAINE HONEYCUTT BOARD MEMBER 1.00
Director
$0 $0 $0
STACY KLABAK BOARD MEMBER 1.00
Director
$0 $0 $0
APRIL KNOCH BOARD MEMBER 1.00
Director
$0 $0 $0
KIM MARCUS BOARD MEMBER 3.00
Director
$0 $0 $0
DENNIS MEADE BOARD MEMBER 1.00
Director
$0 $0 $0
MARY ANN ROTHMAN BOARD MEMBER 1.00
Director
$0 $0 $0
HOPE TURNER BOARD MEMBER 1.00
Director
$0 $0 $0
RUTHIE WILDER BOARD MEMBER 1.00
Director
$0 $0 $0
KIMALEE WILLIAMS BOARD MEMBER 1.00
Director
$0 $0 $0
FRED GIBBS PRESIDENT 5.00
Officer
$0 $0 $0
HUGH JEFFERS TREASURER 5.00
Officer
$0 $0 $0
RALPH MARCUS BOARD CHAIR 5.00
Officer
$0 $0 $0
AQUANDRA MORRIS SECRETARY 5.00
Officer
$0 $0 $0
RANDALL PENTIUK VICE PRESIDE 5.00
Officer
$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 No data No data No data No data
2023 $482,131 $427,043 $389,723 $55,088
2022 $503,513 $408,389 $253,344 $95,124
2021 $426,230 $426,773 $228,899 $-543
2020 $217,006 $317,990 $209,094 $-100,984
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