NORTHTOWN HOUSING FINANCE CORPORATION (EIN 550820866) - 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

2002

Legal Domicile

Principal Officer

CAROL NORRIS

Phone

9094847140

Tax Period

2023-01-01 to 2023-12-31

NORTHTOWN HOUSING FINANCE CORPORATION, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $931K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $1.2M exceeded revenue, resulting in a 30% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME PERSONS, WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH GROUPS.

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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 $0

Program Service Revenue $930,206

Investment Income $829

Other Revenue $0

TOTAL REVENUE $931,035

Expense Breakdown

Grants Paid $19,730

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,213,885

Other Expenses $1,194,336

TOTAL EXPENSES $1,214,066

Year-over-Year Comparison

	2023	2022	Change
Revenue	$931,035	$726,826	+0.3%
Expenses	$1,214,066	$944,776	+0.3%
Net Income	$-283,031	$-217,950	+0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIAN RINCON	CFO & SECRETARY	0.50	Officer Director	$0	$0	$0
SANTOS FUERTEZ	Vice President	0.50	Officer Director	$0	$0	$0
CAROL NORRIS	President	0.50	Officer 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	No data	No data	No data	No data
2023	$931,035	$1,214,066	$9,518,193	$-283,031
2022	$726,826	$944,776	$9,717,051	$-217,950
2021	No data	$198,502	$1,281,923	No data
2020	$24	$16	$1,480,425	$8
2019	$54	$1,072	$1,480,417	$-1,018
2018	$34	No data	$1,481,435	No data

NORTHTOWN HOUSING FINANCE CORPORATION