BETTER HOMES FOR NORTH CAROLINA INC C/O WAJ MANAGEMENT (EIN 561783194) - 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

1992

Legal Domicile

Principal Officer

A HOBGOOD IV

Phone

9198478350

Tax Period

2023-01-01 to 2023-12-31

BETTER HOMES FOR NORTH CAROLINA INC C/O WAJ MANAGEMENT, founded in 1992, is a micro nonprofit in the Housing & Shelter sector that reported $61K in total revenue in fiscal year 2023. Revenue fell 53% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $35K, a strong 57% operating margin.

Mission

THE DEVELOPMENT OF LOW INCOME HOUSING PROJECTS PROVIDED TO BENEFIT DISADVANTAGED FAMILIES IN EASTERN NORTH CAROLINA.

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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 $59,943

Investment Income $1,150

Other Revenue $0

TOTAL REVENUE $61,093

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,122

Fundraising Expenses $0

Program Expenses $5,122

Other Expenses $21,245

TOTAL EXPENSES $26,367

Year-over-Year Comparison

	2023	2022	Change
Revenue	$61,093	$130,452	-0.5%
Expenses	$26,367	$56,644	-0.5%
Net Income	$34,726	$73,808	-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

N/A

Employees

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

$28,500

Total Directors

$28,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMASINE KENNEDY	VICE PRESIDENT	40.00	Officer Director	$7,500	$0	$7,500
A HOBGOOD IV	PRESIDENT	24.00	Officer Director	$15,000	$0	$15,000
MILLAN EDMONDSON	SECRETARY	24.00	Officer Director	$6,000	$0	$6,000

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	$61,093	$26,367	$362,403	$34,726
2022	$130,452	$56,644	$196,978	$73,808
2021	$46,616	$24,307	$1,706,681	$22,309
2020	$388,094	$84,449	$1,729,107	$303,645
2019	$1,025,418	$450,888	$1,835,465	$574,530
2018	$2,992	$91,900	$-539,425	$-88,908

BETTER HOMES FOR NORTH CAROLINA INC C/O WAJ MANAGEMENT