North Village 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

1981

Legal Domicile

Principal Officer

Claudette Lease

Phone

3019480110

Tax Period

2024-01-01 to 2024-12-31

North Village Homes Corporation, founded in 1981, is a small nonprofit that reported $886K in total revenue in fiscal year 2024. The organization ran a surplus of $141K, a strong 16% operating margin.

Mission

Maintenace of common property

Program Service Accomplishments

Program 1

Expenses: $633,610 Revenue: $885,843

The Corporation was organized to collectively maintain and preserve the commonly owned 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 $809,098

Program Service Revenue $0

Investment Income $70,096

Other Revenue $6,649

TOTAL REVENUE $885,843

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $633,610

Other Expenses $744,510

TOTAL EXPENSES $744,510

Year-over-Year Comparison

	2024	2023	Change
Revenue	$885,843	$835,653	+0.1%
Expenses	$744,510	$673,557	+0.1%
Net Income	$141,333	$162,096	-0.1%

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
Claudette Lease	President	N/A	Officer	$0	$0	$0
Dick Rabil	Vice-President	N/A	Officer	$0	$0	$0
Tom Wills	Treasurer	N/A	Officer	$0	$0	$0
Jeanne Powell	Director	N/A	Director	$0	$0	$0
Jim Vaughn	Director	N/A	Director	$0	$0	$0
Clare Conlon	Director	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	$885,843	$744,510	$2,847,211	$141,333
2023	$835,653	$673,557	$2,687,491	$162,096
2022	$792,356	$695,182	$2,549,236	$97,174
2021	$709,802	$615,782	$2,431,660	$94,020
2020	$694,893	$555,210	$2,347,627	$139,683
2019	$673,375	$536,826	$2,191,764	$136,549
2018	$664,241	$478,438	$2,036,159	$185,803