NORTH CAROLINA HOUSING SERVICES AN… - 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

1998

Legal Domicile

Principal Officer

TAMMY VERNON

Phone

3367653906

Tax Period

2022-07-01 to 2023-06-30

NORTH CAROLINA HOUSING SERVICES AND MANAGEMENT CORPORATION, founded in 1998, is a community nonprofit in the Housing & Shelter sector that reported $4.5M in total revenue in fiscal year 2022.

Mission

PROVIDE QUALITY SERVICES AND MANAGEMENT TO ELDERLY AND LOW TO MODERATE INCOME HOUSING FACILITIES.

Program Service Accomplishments

Program 1

Expenses: $4,100,989 Revenue: $4,026,888

PROVIDING SERVICE COORDINATION AND MANAGEMENT FOR NONPROFIT ORGANIZATIONS.

Program 2

Expenses: $389,176 Revenue: $485,282

PROVIDING SERVICE COORDINATION AND MANAGEMENT FOR RELATED PROPERTIES RECEIVING FEDERAL LOW INCOME HOUSING TAX CREDITS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,512,170

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,512,170

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,220,549

Fundraising Expenses $0

Program Expenses $4,490,165

Other Expenses $308,522

TOTAL EXPENSES $4,529,071

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,512,170	$4,684,755	0.0%
Expenses	$4,529,071	$4,742,081	0.0%
Net Income	$-16,901	$-57,326	-0.7%

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

106

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

$177,377

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG PEATROSS	PRESIDENT	0.00	Officer Director	$0	$0	$0
MALLORY M OATES	SECRETARY	0.00	Officer Director	$0	$0	$0
GARRY MERRITT	DIRECTOR	0.00	Director	$0	$0	$0
TAMMY VERNON	TREASURER	40.00	Officer	$113,995	$0	$113,995
JOHN NICHOLS	ASST. SECRETARY/ASS	40.00	Officer	$63,382	$0	$63,382

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	No data	No data	No data	No data
2023	$4,512,170	$4,529,071	$811,303	$-16,901
2022	$4,684,755	$4,742,081	$778,334	$-57,326
2021	$4,697,596	$4,625,406	$840,720	$72,190
2020	$4,598,110	$4,574,219	$774,761	$23,891
2019	$4,602,505	$4,562,563	$756,479	$39,942
2018	$4,600,591	$4,613,355	$721,358	$-12,764

NORTH CAROLINA HOUSING SERVICES AND MANAGEMENT CORPORATION