NORTH CAROLINA HOUSING FOUNDATION INC (EIN 560929051) - 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

1967

Legal Domicile

Principal Officer

TAMMY VERNON

Phone

3367653906

Tax Period

2022-07-01 to 2023-06-30

NORTH CAROLINA HOUSING FOUNDATION INC, founded in 1967, is a small nonprofit in the Housing & Shelter sector that reported $278K in total revenue in fiscal year 2022. Revenue surged 475% from the prior year, signaling strong growth momentum. The organization ran a surplus of $54K, a strong 19% operating margin.

Mission

LOW INCOME HOUSING SERVICES

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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 $150,576

Program Service Revenue $34,497

Investment Income $92,966

Other Revenue $0

TOTAL REVENUE $278,039

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $150,871

Other Expenses $224,275

TOTAL EXPENSES $224,275

Year-over-Year Comparison

	2022	2021	Change
Revenue	$278,039	$48,321	+4.8%
Expenses	$224,275	$892,154	-0.7%
Net Income	$53,764	$-843,833	-1.1%

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

$177,377

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG PEATROSS	PRESIDENT	0.00	Officer Director	$0	$0	$0
MALLORY M OATES	SECRETARY	0.00	Officer Director	$0	$0	$0
GARRY MERRITT	DIRECTOR	0.00	Director	$0	$0	$0
JOHN NICHOLS	ASST. SECRETARY/ASS	1.00	Officer	$0	$0	$63,382
TAMMY VERNON	TREASURER	1.00	Officer	$0	$0	$113,995

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	$278,039	$224,275	$6,416,494	$53,764
2022	$48,321	$892,154	$5,888,934	$-843,833
2021	$2,286,656	$1,358,754	$6,221,431	$927,902
2020	$201,379	$129,697	$5,066,394	$71,682
2019	$208,631	$148,002	$5,042,159	$60,629
2018	$54,946	$178,942	$4,986,796	$-123,996

NORTH CAROLINA HOUSING FOUNDATION INC