NEIGHBORHOOD REINVESTMENT CORPORATION (EIN 521148078) - 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

1978

Legal Domicile

Principal Officer

MARIETTA RODRIGUEZ

Phone

2027604000

Tax Period

2023-10-01 to 2024-09-30

NEIGHBORHOOD REINVESTMENT CORPORATION, founded in 1978, is a major nonprofit that reported $205.7M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $198.8M left a modest 3% surplus.

Mission

CREATE OPPORTUNITIES FOR PEOPLE TO LIVE IN AFFORDABLE HOMES, IMPROVE THEIR LIVES AND COMMUNITIES.

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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 $193,227,781

Program Service Revenue $5,551,150

Investment Income $3,836,621

Other Revenue $3,104,888

TOTAL REVENUE $205,720,440

Expense Breakdown

Grants Paid $118,745,731

Salaries & Benefits $48,734,000

Fundraising Expenses $1,800,983

Program Expenses $185,278,289

Other Expenses $31,298,173

TOTAL EXPENSES $198,777,904

Year-over-Year Comparison

	2023	2022	Change
Revenue	$205,720,440	$232,444,681	-0.1%
Expenses	$198,777,904	$219,987,893	-0.1%
Net Income	$6,942,536	$12,456,788	-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

337

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

$1,286,181

Total Directors

Key Employees

$756,101

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIETTA E RODRIGUEZ	PRESIDENT & CEO	40.00	Officer	$225,704	$43,372	$269,076
RUTLEDGE A SIMMONS	EVP & GENERAL COUNSEL	40.00	Officer	$215,260	$14,906	$230,166
SUSAN M IFILL	EVP & COO	40.00	Officer	$218,930	$55,406	$274,336
KEMBA M ESMOND	EVP & CFO	40.00	Officer	$213,533	$53,443	$266,976
ARTURO WELDON	EVP & CIO	40.00	Officer	$202,354	$43,273	$245,627
SUSAN B FINN	SVP, EVALUATION, LEADERSHIP	40.00	Highest	$194,571	$51,727	$246,298
YONAS TESSEMA	SVP, CONTROLLER	40.00	Key Emp	$194,598	$63,542	$258,140
TINA R TRENT	SVP, CORPORATE STRATEGY	40.00	Highest	$191,772	$54,420	$246,192
JOAN M STRAUSSMAN	RVP, NORTHEAST REGION	40.00	Highest	$190,902	$56,100	$247,002
TAYNA M FRETT	SVP, ADMINISTRATIVE SERVICES	40.00	Highest	$190,488	$62,869	$253,357
KIRSTEN T JOHNSON-OBEY	SVP, PUBLIC POLICY & LEGIS.	40.00	Key Emp	$189,781	$62,676	$252,457
VALERIE NAVY-DANIELS	SVP, RESOURCE DEVELOPMENT	40.00	Highest	$185,059	$56,427	$241,486
FREDERICK UDOCHI	CHIEF AUDIT EXECUTIVE	40.00	Key Emp	$184,999	$60,505	$245,504
LISA D COOK	BOARD CHAIR	1.00	Director	$0	$0	$0
ADRIANNE TODMAN	BOARD VICE-CHAIR	1.00	Director	$0	$0	$0
MARTIN GRUENBERG	DIRECTOR	1.00	Director	$0	$0	$0
RODNEY HOOD	DIRECTOR	1.00	Director	$0	$0	$0
GROVETTA GARDINEER	DIRECTOR	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
2024	$205,720,440	$198,777,904	$75,236,466	$6,942,536
2023	$232,444,681	$219,987,893	$100,999,064	$12,456,788
2022	$227,298,867	$228,132,635	$85,779,829	$-833,768
2021	$178,835,450	$187,377,597	$145,512,827	$-8,542,147
2020	$187,707,594	$193,012,966	$54,358,639	$-5,305,372
2019	$172,554,294	$199,580,101	$61,198,148	$-27,025,807
2018	$168,077,861	$216,277,384	$105,855,290	$-48,199,523

NEIGHBORHOOD REINVESTMENT CORPORATION