CANAAN BAPTIST HOUSING CORPORATION (EIN 581433746) - Form 990 Financial Analysis & Trantor Score

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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

1981

Legal Domicile

Principal Officer

HAROLD MIDDLEBROOK

Phone

8655257500

Tax Period

2023-01-01 to 2023-12-31

CANAAN BAPTIST HOUSING CORPORATION, founded in 1981, is a small nonprofit that reported $584K in total revenue in fiscal year 2023. Revenue surged 2786% from the prior year, signaling strong growth momentum. The organization ran a surplus of $482K, a strong 83% operating margin.

Mission

LOW-INCOME HOUSING AND RELATED SERVICES

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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 $0

Program Service Revenue $0

Investment Income $172,855

Other Revenue $411,176

TOTAL REVENUE $584,031

Expense Breakdown

Grants Paid $16,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $17,756

Other Expenses $85,763

TOTAL EXPENSES $101,763

Year-over-Year Comparison

	2023	2022	Change
Revenue	$584,031	$20,236	+27.9%
Expenses	$101,763	$19,558	+4.2%
Net Income	$482,268	$678	+710.3%

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
THOMAS MCDANIEL SR	SECRETARY	1.00	Officer Director	$0	$0	$0
HAROLD MIDDLEBROOK	PRESIDENT	1.00	Officer Director	$0	$0	$0
JULIUS GARNER	TREASURER	1.00	Officer Director	$0	$0	$0
SHERYL BONNER	DIRECTOR	0.50	Director	$0	$0	$0
DONNA OLIVER	DIRECTOR	0.50	Director	$0	$0	$0
THOMAS MCDANIEL JR	DIRECTOR	0.50	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
2024	No data	No data	No data	No data
2023	$584,031	$101,763	$1,946,096	$482,268
2022	$20,236	$19,558	$1,993,245	$678
2021	$20,228	$11,182	$1,447,129	$9,046
2020	$9	$45	$1,438,083	$-36
2019	$10,064	$7,080	$1,438,119	$2,984
2018	$7,061	$7,072	$1,435,135	$-11

CANAAN BAPTIST HOUSING CORPORATION