NORTH CAROLINA INDIAN HOUSING AUTHORITY (EIN 561488791) - 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

1998

Legal Domicile

Principal Officer

BARBARA MELVIN

Phone

9104835073

Tax Period

2023-10-01 to 2024-09-30

NORTH CAROLINA INDIAN HOUSING AUTHORITY, founded in 1998, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2023. Expenses of $1.8M exceeded revenue, resulting in a 10% operating deficit.

Mission

PROVIDE AFFORDABLE RENTAL UNITS FOR LOW INCOME FAMILIES AND TO ASSIST THESE FAMILIES IN BECOMING FIRST TIME HOME OWNERS.

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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 $277,335

Program Service Revenue $1,331,066

Investment Income $208

Other Revenue $0

TOTAL REVENUE $1,608,609

Expense Breakdown

Grants Paid $0

Salaries & Benefits $634,499

Fundraising Expenses $0

Program Expenses $1,436,322

Other Expenses $1,142,013

TOTAL EXPENSES $1,776,512

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,608,609	$1,582,133	+0.0%
Expenses	$1,776,512	$1,697,478	+0.0%
Net Income	$-167,903	$-115,345	+0.5%

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

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
BARBARA MELVIN	EXECUTIVE DIRECTOR	40.00	Highest	$104,156	$0	$104,156
THURMAN LOWRY	BOARD CHAIRMAN	4.00	Director	$0	$0	$0
JOSEPH RICHARDSON	VICE-CHAIRMAN	2.00	Director	$0	$0	$0
VIVIAN MAYNOR	SECRETARY/TREASURER	2.00	Director	$0	$0	$0
ELTON JACOBS	COMMISSIONER	2.00	Director	$0	$0	$0
GLADYS HUNT	COMMISSIONER	2.00	Director	$0	$0	$0
CHARLENE MARTIN	COMMISSIONER	2.00	Director	$0	$0	$0
DOROTHY MCAULY	COMMISSIONER	2.00	Director	$0	$0	$0
CLARICE DIAL	COMMISSIONER	2.00	Director	$0	$0	$0
WHITNEY BELL	COMMISSIONER	2.00	Director	$0	$0	$0
DR REGINALD OXENDINE	COMMISSIONER	2.00	Director	$0	$0	$0
EDWARD SANDERS	COMMISSIONER	2.00	Director	$0	$0	$0
REBECCA LACLAIRE	COMMISSIONER	2.00	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	$1,608,609	$1,776,512	$5,852,732	$-167,903
2023	$1,582,133	$1,697,478	$5,590,603	$-115,345

NORTH CAROLINA INDIAN HOUSING AUTHORITY