THE NATIONAL CAUCUS AND CENTER ON BLACK AGED HOUSING SERVICES OF NC (EIN 581528222) - 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

1987

Legal Domicile

Principal Officer

ELIAS HUSSEIN

Phone

3367241000

Tax Period

2024-01-01 to 2024-12-31

THE NATIONAL CAUCUS AND CENTER ON BLACK AGED HOUSING SERVICES OF NC, founded in 1987, is a small nonprofit that reported $348K in total revenue in fiscal year 2024. The organization ran a surplus of $53K, a strong 15% operating margin.

Mission

TO PROVIDE HOUSING AND RELATED SERVICES TO QUALIFIED ELDERLY PERSONS THROUGH PROGRAMS SUPERVISED AND SUBSIDIZED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

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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 $219,941

Program Service Revenue $127,702

Investment Income $281

Other Revenue $0

TOTAL REVENUE $347,924

Expense Breakdown

Grants Paid $0

Salaries & Benefits $59,328

Fundraising Expenses $0

Program Expenses $212,892

Other Expenses $235,596

TOTAL EXPENSES $294,924

Year-over-Year Comparison

	2024	2023	Change
Revenue	$347,924	$334,894	+0.0%
Expenses	$294,924	$282,819	+0.0%
Net Income	$53,000	$52,075	+0.0%

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
KARYNE JONES	PRESIDENT, CEO	1.00	Officer Director	$0	$0	$0
INGRID BECKLES	DIRECTOR	1.00	Director	$0	$0	$0
IRENE PARKER HALSEY	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN GLAUDE	DIRECTOR	1.00	Director	$0	$0	$0
WUHAN DANSBY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ABDUL RASHEED	DIRECTOR	1.00	Director	$0	$0	$0
JUAN POWELL	DIRECTOR	1.00	Director	$0	$0	$0
BRADLEY FARRAR	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH LOCKHART	DIRECTOR	1.00	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	$347,924	$294,924	$947,999	$53,000
2023	$334,894	$282,819	$981,299	$52,075
2022	$327,972	$281,834	$912,927	$46,138
2021	$329,190	$276,085	$893,467	$53,105
2020	$310,771	$266,727	$937,829	$44,044
2019	$306,226	$272,034	$864,770	$34,192
2018	$300,778	$271,146	$846,461	$29,632

THE NATIONAL CAUCUS AND CENTER ON BLACK AGED HOUSING SERVICES OF NC