HOUSING OPPORTUNITIES OF WILMINGTO… - Form 990 Financial Data

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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

1990

Legal Domicile

Principal Officer

BETTY BISBEE

Phone

9107637709

Tax Period

2021-07-01 to 2022-06-30

HOUSING OPPORTUNITIES OF WILMINGTON INC, founded in 1990, is a micro nonprofit that reported $54 in total revenue in fiscal year 2021. Revenue decreased 16% compared to the prior year. Expenses of $90K exceeded revenue, resulting in a 167094% operating deficit.

Mission

INVESTMENT IN LOW AND MODERATE INCOME HOUSING PARTNERSHIPS.

Program Service Accomplishments

Program 1

Expenses: $90,285

THE ORGANIZATION IS A LIMITED PARTNER IN SEVERAL NORTH CAROLINA LIMITED PARTNERSHIPS ORGANIZED FOR THE PURPOSE OF PURCHASING, CONSTRUCTING, AND OPERATING APARTMENT COMPLEXES FOR LOW AND MODERATE...

THE ORGANIZATION IS A LIMITED PARTNER IN SEVERAL NORTH CAROLINA LIMITED PARTNERSHIPS ORGANIZED FOR THE PURPOSE OF PURCHASING, CONSTRUCTING, AND OPERATING APARTMENT COMPLEXES FOR LOW AND MODERATE INCOME INDIVIDUALS. THE COMPLEXES IS LOCATED IN WILMINGTON, NORTH CAROLINA AND ARE MONITORED BY THE NORTH CAROLINA HOUSING FINANCE AGENCY AS TO RENT CHARGES, TENANT ELIGIBILITY, AND PARTNER DISTRIBUTIONS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $54

Other Revenue $0

TOTAL REVENUE $54

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $90,285

Other Expenses $90,285

TOTAL EXPENSES $90,285

Year-over-Year Comparison

	2021	2020	Change
Revenue	$54	$64	-0.2%
Expenses	$90,285	$183,670	-0.5%
Net Income	$-90,231	$-183,606	-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

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

$60,008

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAWN FINIFF	ACTING CHAIR	1.00	Officer Director	$0	$0	$0
DENVER BROWN	DIRECTOR	1.00	Director	$0	$0	$0
JIMMY HYATT	DIRECTOR	1.00	Director	$0	$0	$0
PAM KESLER	DIRECTOR	1.00	Director	$0	$0	$0
HARRY STEELE JR	DIRECTOR	1.00	Director	$0	$0	$0
RANDY SMITH	DIRECTOR	1.00	Director	$0	$0	$0
LONNIE WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
BETTY R BISBEE	EXECUTIVE DIRECTOR	5.00	Officer	$0	$0	$60,008

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
2022	$54	$90,285	$274,531	$-90,231
2021	$64	$183,670	$364,762	$-183,606
2020	$72	$127,517	$548,368	$-127,445
2019	$39	$19,469	$675,813	$-19,430
2018	$46	$78,964	$695,243	$-78,918

HOUSING OPPORTUNITIES OF WILMINGTON INC