NEIGHBORHOOD CONCEPTS INC

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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

1988

Legal Domicile

Principal Officer

MARY ELLEN JUDAH

Phone

2565340075

Tax Period

2024-01-01 to 2024-12-31

NEIGHBORHOOD CONCEPTS INC, founded in 1988, is a community nonprofit in the Housing & Shelter sector that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $295K, a strong 17% operating margin.

Mission

NEIGHBORHOOD CONCEPTS STRENGTHENS COMMUNITIES THROUGH THE ADVANCEMENT OF HOUSING AND ECONOMIC PATHWAYS SO ALL MAY THRIVE.

Program Service Accomplishments

Program 1

Expenses: $300,769 Revenue: $433,038

HOUSING: NEIGHBORHOOD CONCEPTS, INC. HAS AN OWNERSHIP INTEREST IN PARTNERSHIPS THAT COLLECTIVELY OWN 1,197 UNITS OF AFFORDABLE MULTIFAMILY HOUSING IN ALABAMA, GEORGIA, AND SOUTH CAROLINA. EXPENSES...

HOUSING: NEIGHBORHOOD CONCEPTS, INC. HAS AN OWNERSHIP INTEREST IN PARTNERSHIPS THAT COLLECTIVELY OWN 1,197 UNITS OF AFFORDABLE MULTIFAMILY HOUSING IN ALABAMA, GEORGIA, AND SOUTH CAROLINA. EXPENSES ARE ASSOCIATED WITH ASSET MANAGEMENT OF THE EXISTING PORTFOLIO, DELIVERY OF RESIDENT SERVICES, DEVELOPMENT OF NEW AFFORDABLE HOUSING AND PRESERVATION OF AFFORDABLE HOUSING.

Program 2

Expenses: $946,024 Revenue: $1,174,995

ECONOMIC DEVELOPMENT: THROUGH ITS WHOLLY OWNED REVOLVING LOAN FUND, NEIGHBORHOOD CONCEPTS, INC. MADE $4,185,157 IN LOANS TO SMALL BUSINESSES AND ENTREPRENEURS IN NORTH ALABAMA FOR START-UP CAPITAL...

ECONOMIC DEVELOPMENT: THROUGH ITS WHOLLY OWNED REVOLVING LOAN FUND, NEIGHBORHOOD CONCEPTS, INC. MADE $4,185,157 IN LOANS TO SMALL BUSINESSES AND ENTREPRENEURS IN NORTH ALABAMA FOR START-UP CAPITAL, EQUIPMENT AND WORKING CAPITAL IN 2024. AT YEAR-END, 56% OF LOANS IN PORTFOLIO WERE BUSINESSES OWNED BY MINORITIES, 45% BY WOMEN-OWNED BUSINESSES AND 13% WERE OWNED BY LOW-INCOME INDIVIDUALS. ADDITIONALLY, 80% OF PORTFOLIO DOLLARS WERE DEPLOYED TO BORROWERS IN TARGET MARKETS.

Program 3

Expenses: $61,556 Revenue: $1,100

ADVOCACY: NEIGHBORHOOD CONCEPTS ADVOCATES FOR OPPORTUNITIES AND PROGRAMS THAT SUPPORT THE CREATION OF AFFORDABLE HOUSING AND THE ADVANCEMENT OF ECONOMIC OPPORTUNITIES FOR UNDERSERVED PEOPLE AND IN...

ADVOCACY: NEIGHBORHOOD CONCEPTS ADVOCATES FOR OPPORTUNITIES AND PROGRAMS THAT SUPPORT THE CREATION OF AFFORDABLE HOUSING AND THE ADVANCEMENT OF ECONOMIC OPPORTUNITIES FOR UNDERSERVED PEOPLE AND IN UNDERSERVED COMMUNITIES. ADVOCACY EFFORTS INCLUDE EDUCATION AND AWARENESS AS WELL AS POLICY SUPPORT.

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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 $139,949

Program Service Revenue $1,486,012

Investment Income $76,327

Other Revenue $46,794

TOTAL REVENUE $1,749,082

Expense Breakdown

Grants Paid $0

Salaries & Benefits $549,464

Fundraising Expenses $9,558

Program Expenses $1,308,349

Other Expenses $904,660

TOTAL EXPENSES $1,454,124

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,749,082	$1,531,411	+0.1%
Expenses	$1,454,124	$1,294,251	+0.1%
Net Income	$294,958	$237,160	+0.2%

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

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

$157,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOANNA BROAD WHITE	MEMBER	1.00	Director	$0	$0	$0
BILL MCDOWELL	SECRETARY	1.00	Officer Director	$0	$0	$0
STEPHEN NORRIS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RONALD CHILDRESS	MEMBER	0.50	Director	$0	$0	$0
JORDAN KULL	MEMBER	0.50	Director	$0	$0	$0
JASON BALDWIN	TREASURER	0.50	Officer Director	$0	$0	$0
DANIEL TAIT	MEMBER	0.50	Director	$0	$0	$0
TOMMIE BATTS	MEMBER	0.50	Director	$0	$0	$0
SHAWN HICKS	CHAIR	2.00	Officer Director	$0	$0	$0
NORA HICKMAN	MEMBER	1.00	Director	$0	$0	$0
KIMBERLY RUCKER	MEMBER	1.00	Director	$0	$0	$0
GARY TURNER	MEMBER	1.00	Director	$0	$0	$0
MARY ELLEN JUDAH	EXECUTIVE DIRECTOR	40.00	Officer	$157,000	$0	$157,000

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	$1,749,082	$1,454,124	$16,963,333	$294,958
2023	$1,531,411	$1,294,251	$14,140,841	$237,160
2022	$2,495,067	$987,987	$13,240,000	$1,507,080
2021	$1,624,253	$822,830	$9,279,840	$801,423
2021	$1,624,253	$822,830	$9,279,840	$801,423
2020	$2,638,496	$913,281	$7,444,641	$1,725,215
2019	$752,461	$581,327	$5,089,722	$171,134
2018	$166,121	$578,161	$5,135,779	$-412,040