NATURE COAST AFFORDABLE HOUSING CORP (EIN 582670492) - 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

2003

Legal Domicile

Principal Officer

HARVEY GERBER

Phone

3524222798

Tax Period

2023-01-01 to 2023-12-31

NATURE COAST AFFORDABLE HOUSING CORP, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $333K in total revenue in fiscal year 2023. Revenue surged 328% from the prior year, signaling strong growth momentum. The organization ran a surplus of $231K, a strong 69% operating margin.

Mission

THE ORGANIZATIONS MAIN MISSIONS ARE SUPPORTING THE CLUBHOUSE LEASED GRATIS TO THE BOYS AND GIRLS CLUBS OF CITRUS COUNTY (A 501(C)3 ORGANIZATION) AND PROVIDING NEWLY CONSTRUCTED AFFORDABLE HOUSING FOR LOW INCOME FAMILIES WITH CONTRIBUTIONS FROM SWEAT EQUITY AND VOLUNTEERS.

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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 $207,100

Program Service Revenue $125,723

Investment Income $0

Other Revenue $0

TOTAL REVENUE $332,823

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $93,886

Other Expenses $102,140

TOTAL EXPENSES $102,140

Year-over-Year Comparison

	2023	2022	Change
Revenue	$332,823	$77,786	+3.3%
Expenses	$102,140	$118,805	-0.1%
Net Income	$230,683	$-41,019	-6.6%

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
ERNEST G RUSAW	DIRECTOR	1.00	Director	$0	$0	$0
FRED CLARK	DIRECTOR	1.00	Director	$0	$0	$0
MARK CASPER	DIRECTOR	1.00	Director	$0	$0	$0
HARVEY GERBER	PRESIDENT	28.00	Officer	$0	$0	$0
TAMMY DIAZ	TREASURER/SECRETARY	1.00	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
2024	No data	No data	No data	No data
2023	$332,823	$102,140	$2,000,520	$230,683
2022	$77,786	$118,805	$2,161,266	$-41,019
2021	$232,527	$145,761	$1,934,922	$86,766
2020	$215,545	$163,088	$2,098,080	$52,457
2019	$189,909	$170,992	$1,785,712	$18,917
2018	$181,428	$100,700	$1,690,160	$80,728

NATURE COAST AFFORDABLE HOUSING CORP