NORTHWESTERN HOUSING ENTERPRISES INC

EIN: 561924027 501(c)(3) Housing & Shelter

BOONE, NC

Total Revenue
$3,908,809
Total Expenses
$3,548,297
Total Assets
$24,632,391
Net Assets
$9,316,308
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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
1995
Legal Domicile
NC
Principal Officer
LUKE FOWLER
Phone
8282646683
Tax Period
2024-01-01 to 2024-12-31

NORTHWESTERN HOUSING ENTERPRISES INC, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $3.9M in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $3.5M left a modest 9% surplus.

Mission

AFFORDABLE HOUSING

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,407,053
Program Service Revenue $1,361,645
Investment Income $83,023
Other Revenue $57,088
TOTAL REVENUE $3,908,809

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,208,313
Other Expenses $3,548,297
TOTAL EXPENSES $3,548,297

Year-over-Year Comparison

2024 2023 Change
Revenue $3,908,809 $5,929,453 -0.3%
Expenses $3,548,297 $3,356,425 +0.1%
Net Income $360,512 $2,573,028 -0.9%
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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
8

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
7
$404,755
Total Directors
8
$4,181
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN BENJAMIN JAK REEVES CHAIRMAN 0.00
Officer Director
$0 $375 $375
JACK BOONE VICE CHAIRMAN 0.00
Officer Director
$0 $409 $409
TAMARA C DIVENERE BOARD MEMBER 0.00
Director
$0 $545 $545
DAVID BLANKENSHIP BOARD MEMBER 0.00
Director
$0 $579 $579
SAM DEYTON BOARD MEMBER 0.00
Director
$0 $671 $671
JOHN MYERS BOARD MEMBER 0.00
Director
$0 $514 $514
JOHN GREENE BOARD MEMBER 0.00
Director
$0 $442 $442
DAVID CHOATE BOARD MEMBER 0.00
Director
$0 $646 $646
EG NED FOWLER FORMER PRESIDENT/CEO 1.00
Officer
$0 $0 $81,921
LUKE FOWLER INCOMING PRESIDENT/CEO 1.00
Officer
$0 $0 $31,785
AURELIA LEONARD VICE PRESIDENT/SECRETARY 1.00
Officer
$0 $0 $118,715
MORGAN HESS TREASURER/CFO 1.00
Officer
$0 $0 $105,651
AMY BUTLER ASSISTANT SECRETARY 1.00
Officer
$0 $0 $65,899
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 $3,908,809 $3,548,297 $24,632,391 $360,512
2023 $5,929,453 $3,356,425 $24,704,956 $2,573,028
2022 $5,652,958 $2,536,055 $20,131,226 $3,116,903
2021 $4,416,284 $2,779,457 $16,853,995 $1,636,827
2020 $1,772,193 $2,112,264 $15,160,678 $-340,071
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