NATIONAL HOUSING CENTER 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

1941

Legal Domicile

Principal Officer

EILEEN RAMAGE

Phone

2028200200

Tax Period

2024-01-01 to 2024-12-31

NATIONAL HOUSING CENTER CORPORATION, founded in 1941, is a community nonprofit that reported $7.3M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $6.9M left a modest 5% surplus.

Mission

THE ORGANIZATION HOLDS TITLE TO THE LAND AND BUILDING USED BY THE NATIONAL ASSOCIATION OF HOME BUILDERS IN WASHINGTON, DC.

Program Service Accomplishments

Program 1

THE ORGANIZATION HOLDS REAL ESTATE, COLLECTS RENT PAYMENTS, AND MANAGES NONRESIDENTIAL RENTAL REAL ESTATE PROPERTY ON BEHALF OF THE NATIONAL ASSOCIATION OF HOME BUILDERS OF THE UNITED STATES.

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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 $0

Program Service Revenue $7,328,251

Investment Income $-349,331

Other Revenue $317,111

TOTAL REVENUE $7,296,031

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $6,941,790

TOTAL EXPENSES $6,941,790

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,296,031	$8,118,498	-0.1%
Expenses	$6,941,790	$6,329,820	+0.1%
Net Income	$354,241	$1,788,678	-0.8%

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

$2,047,553

Total Directors

$187,931

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALICIA HUEY	IMMEDIATE PAST CHAIR	0.01	Officer Director	$0	$0	$48,390
CARL HARRIS	CHAIR OF THE BOARD	0.01	Officer Director	$0	$0	$43,496
WILLARD HUGHES	FIRST VICE CHAIR	0.01	Officer Director	$0	$0	$30,502
WILLIAM OWENS	SECOND VICE CHAIR	0.01	Officer Director	$0	$0	$30,571
BOB PETERSON	THIRD VICE CHAIR	0.01	Officer Director	$0	$0	$34,972
ABIGAIL ADAMS	SECRETARY	0.01	Officer Director	$0	$0	$0
JAMES TOBIN	PRESIDENT	0.01	Officer	$0	$79,890	$1,258,484
EILEEN RAMAGE	TREASURER	0.01	Officer	$0	$46,649	$601,138
JAMES RIZZO	FORMER SECRETARY	0.00		$0	$6,614	$810,954

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	$7,296,031	$6,941,790	$57,060,019	$354,241
2023	$8,118,498	$6,329,820	$57,668,578	$1,788,678
2022	$8,377,419	$5,915,496	$56,824,292	$2,461,923
2021	$8,807,162	$5,860,229	$55,551,825	$2,946,933
2020	$9,245,921	$6,091,110	$53,404,261	$3,154,811
2019	$9,356,665	$6,448,901	$51,257,838	$2,907,764
2018	$9,327,401	$6,283,882	$49,333,512	$3,043,519