HUGHES NEIGHBORHOOD HOUSING INC

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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

1994

Legal Domicile

Principal Officer

DAVID MERRICK

Phone

3019498383

Tax Period

2022-07-01 to 2023-06-30

HUGHES NEIGHBORHOOD HOUSING INC, founded in 1994, is a small nonprofit that reported $319K in total revenue in fiscal year 2022. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $394K exceeded revenue, resulting in a 24% operating deficit.

Mission

TO PROVIDE HOUSING TO THE DEVELOPMENTALLY DISABLED UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT.

Program Service Accomplishments

Program 1

Expenses: $330,376 Revenue: $130,935

HUGHES NEIGHBORHOOD HOUSING, INC. IS A MARYLAND CORPORATION ORGANIZED FOR THE PURPOSE OF ACQUIRING, DEVELOPING AND OPERATING A RESIDENTIAL FACILITY CONSISTING OF 23 UNITS FOR PERSONS WITH...

HUGHES NEIGHBORHOOD HOUSING, INC. IS A MARYLAND CORPORATION ORGANIZED FOR THE PURPOSE OF ACQUIRING, DEVELOPING AND OPERATING A RESIDENTIAL FACILITY CONSISTING OF 23 UNITS FOR PERSONS WITH DISABILITIES IN WHEATON, MARYLAND. THE ENTITY RECEIVES ASSISTANCE UNDER PROVISIONS OF SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT. SUCH ENTITIES ARE REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TO RENT CHARGES AND METHODS.HUGHES NEIGHBORHOOD HOUSING, INC. ALSO PROVIDES ELDERLY PERSONS AND HANDICAPPED PERSONS WITH RESIDENT SERVICES, SUCH AS THE ART PROGRAM, SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING.

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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 (2022)

Revenue Breakdown

Contributions & Grants $187,528

Program Service Revenue $130,935

Investment Income $103

Other Revenue $393

TOTAL REVENUE $318,959

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,814

Fundraising Expenses $0

Program Expenses $330,376

Other Expenses $342,268

TOTAL EXPENSES $394,082

Year-over-Year Comparison

	2022	2021	Change
Revenue	$318,959	$289,665	+0.1%
Expenses	$394,082	$387,968	+0.0%
Net Income	$-75,123	$-98,303	-0.2%

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
DAVID MERRICK	PRESIDENT & TREASURER	0.30	Officer Director	$0	$0	$0
JEFF BROADHURST	VICE PRESIDENT	0.30	Officer Director	$0	$0	$0
CLAUDIA SIMMONS	SECRETARY	0.30	Officer Director	$0	$0	$0
GRACE BROWN	BOARD MEMBER	0.30	Director	$0	$0	$0
MARK JONES	BOARD MEMBER	0.30	Director	$0	$0	$0
CATHY VOUNDY-THOMAS	BOARD MEMBER	0.30	Director	$0	$0	$0
REV DIANA WINGEIER-RAYO	BOARD MEMBER	0.30	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$318,959	$394,082	$2,880,668	$-75,123
2022	$289,665	$387,968	$2,734,891	$-98,303
2021	$268,024	$371,389	$2,834,898	$-103,365
2020	$285,432	$348,274	$2,942,956	$-62,842
2019	$285,081	$322,777	$2,832,133	$-37,696
2018	$276,529	$305,421	$1,278,134	$-28,892