MID-EAST HOUSING INCORPORATED

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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

1997

Principal Officer

LYNN ALLIGOOD

Phone

2527894828

Tax Period

2024-01-01 to 2024-12-31

MID-EAST HOUSING INCORPORATED, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $469K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $652K exceeded revenue, resulting in a 39% operating deficit.

Mission

MISSION IS TO PROVIDE SAFE AND AFFORDABLE HOUSING FOR THE LOW INCOME AND ELDERLY PEOPLE LOCATED IN EASTERN NORTH CAROLINA.

Program Service Accomplishments

Program 1

Expenses: $623,177

EXPENSES NECESSARY TO ACCOMPLISH MISSION OF PROVIDING SAFE AND AFFORDABLE HOUSING TO THE LOW INCOME AND ELDERLY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $301,367

Program Service Revenue $165,508

Investment Income $2,197

Other Revenue $0

TOTAL REVENUE $469,072

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $623,177

Other Expenses $652,494

TOTAL EXPENSES $652,494

Year-over-Year Comparison

	2024	2023	Change
Revenue	$469,072	$498,954	-0.1%
Expenses	$652,494	$642,943	+0.0%
Net Income	$-183,422	$-143,989	+0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ED BOOTH	DIRECTOR	N/A	Director	$0	$0	$0
BECKY BOYD	DIRECTOR	N/A	Director	$0	$0	$0
LUENETTA LEWIS	CHAIRPERSON	N/A	Officer Director	$0	$0	$0
VIVIAN SAUNDERS	VICE-CHAIRPE	N/A	Officer Director	$0	$0	$0
DICK TUNNELL	DIRECTOR	N/A	Officer Director	$0	$0	$0
CARL WILLIS	DIRECTOR	N/A	Officer Director	$0	$0	$0
LYNN ALLIGOOD	ASST SECRETA	N/A	Officer	$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	$469,072	$652,494	$2,015,373	$-183,422
2023	$498,954	$642,943	$2,213,182	$-143,989
2022	$495,692	$881,923	$2,289,844	$-386,231
2021	$610,102	$867,132	$2,595,203	$-257,030
2020	$704,952	$899,102	$2,827,888	$-194,150
2019	$813,300	$1,180,630	$3,049,606	$-367,330
2018	$606,863	$714,866	$3,569,743	$-108,003