CHOWAN-PERQUIMANS HABITAT FOR HUMA… - 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

1996

Legal Domicile

Principal Officer

TOM MULLEN

Phone

2524822686

Tax Period

2023-07-01 to 2024-06-30

CHOWAN-PERQUIMANS HABITAT FOR HUMANITY INC, founded in 1996, is a small nonprofit that reported $250K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $112K, a strong 45% operating margin.

Mission

WE BUILD SIMPLE, DECENT, LOW INCOME HOUSING WITH WORKING FAMILIES WHO MAKE 50-60% OF THE FAMILY INCOMES OF OUR TWO COUNTIES. WE SELL THE HOMES TO OUR PARTNER FAMILIES IN NO INTEREST, NO PROFIT MORTGAGES WHICH ALLOWS HOME OWNERSHIP FOR THIS DEMOGRAPHIC.

Program Service Accomplishments

Program 1

Expenses: $92,529

WE BUILD SIMPLE, DECENT, AFFORDABLE HOUSING WITH LOW INCOME WORKING FAMILIES AND PROVIDE THEM WITH NO INTEREST, NO PROFIT MORTGAGES.

Program 2

Expenses: $7,344

WE PROVIDED A TITHE GRANT TO HABITAT FOR HUMANITY INTERNATIONAL FOR USE IN BUILDING HOUSES OVERSEAS FOR LOW INCOME FAMILIES WHO MEET HFHI'S CRITERIA. OUR GRANT WAS DESIGNATED TO BE USED IN MEXICO...

WE PROVIDED A TITHE GRANT TO HABITAT FOR HUMANITY INTERNATIONAL FOR USE IN BUILDING HOUSES OVERSEAS FOR LOW INCOME FAMILIES WHO MEET HFHI'S CRITERIA. OUR GRANT WAS DESIGNATED TO BE USED IN MEXICO WHERE IN PREVIOUS YEARS WE HAVE FUNDED 11 HOUSES.

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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 $260,381

Program Service Revenue $0

Investment Income $-26,665

Other Revenue $16,427

TOTAL REVENUE $250,143

Expense Breakdown

Grants Paid $7,344

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $99,873

Other Expenses $130,665

TOTAL EXPENSES $138,009

Year-over-Year Comparison

	2023	2022	Change
Revenue	$250,143	$213,284	+0.2%
Expenses	$138,009	$115,537	+0.2%
Net Income	$112,134	$97,747	+0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL FINAMORE	PRESIDENT	N/A	Officer Director	$0	$0	$0
JOE RIZZO	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
TOM MULLEN	TREASURER	N/A	Officer Director	$0	$0	$0
JOAN BEHREND	SECRETARY	N/A	Officer Director	$0	$0	$0
DORIS LARSH	ASSISTANT TR	N/A	Officer Director	$0	$0	$0
RON CUMMINGS	BOARD MEMBER	N/A	Director	$0	$0	$0
KATIE ASKEW	BOARD MEMBER	N/A	Director	$0	$0	$0
GIL BURROUGHS	BOARD MEMBER	N/A	Director	$0	$0	$0
WILL CROWE	BOARD MEMBER	N/A	Director	$0	$0	$0
ERIE DOWNING JR	BOARD MEMBER	N/A	Director	$0	$0	$0
MARY SHEYS	BOARD MEMBER	N/A	Director	$0	$0	$0
ETHEL COPELAND	BOARD MEMBER	N/A	Director	$0	$0	$0
HATTIE DOWNING	BOARD MEMBER	N/A	Director	$0	$0	$0
MICHAEL RAMMEL	BOARD MEMBER	N/A	Director	$0	$0	$0
MAC PRIVOTT	BOARD MEMBER	N/A	Director	$0	$0	$0
JOHN SAMS	BOARD MEMBER	N/A	Director	$0	$0	$0
SANDI SHEEHAN	BOARD MEMBER	N/A	Director	$0	$0	$0
KIMBERLY WESTBROOK	BOARD MEMBER	N/A	Director	$0	$0	$0
JANET SANDEEN	BOARD MEMBER	N/A	Director	$0	$0	$0
DEBORAH DAVIS	BOARD MEMBER	N/A	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
2025	No data	No data	No data	No data
2024	$250,143	$138,009	$1,670,408	$112,134
2023	$213,284	$115,537	$1,562,765	$97,747
2022	$160,523	$86,479	$1,448,840	$74,044
2021	$52,117	$71,582	$1,367,978	$-19,465
2020	$132,131	$65,045	$1,370,266	$67,086
2019	$140,277	$58,723	$1,302,402	$81,554

CHOWAN-PERQUIMANS HABITAT FOR HUMANITY INC