CLEARWATER NEIGHBORHOOD HOUSING SERVICES INC (EIN 591898543) - 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

1979

Legal Domicile

Principal Officer

FRANK CORNIER JR

Phone

7274424155

Tax Period

2023-10-01 to 2024-09-30

CLEARWATER NEIGHBORHOOD HOUSING SERVICES INC, founded in 1979, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2023. The organization ran a surplus of $640K, a strong 39% operating margin.

Mission

TO IMPROVE THE QUALITY OF LIFE IN THE NEIGHBORHOODS WHICH IT SERVES BY PROMOTING REVITALIZATION THROUGH HOME OWNERSHIP, REHABILITATION, ECONOMIC DEVELOPMENT AND EDUCATION.

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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 $511,334

Program Service Revenue $734,743

Investment Income $56,544

Other Revenue $329,307

TOTAL REVENUE $1,631,928

Expense Breakdown

Grants Paid $0

Salaries & Benefits $557,642

Fundraising Expenses $0

Program Expenses $735,752

Other Expenses $434,478

TOTAL EXPENSES $992,120

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,631,928	$1,685,690	0.0%
Expenses	$992,120	$1,651,113	-0.4%
Net Income	$639,808	$34,577	+17.5%

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

$109,504

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK CORNIER JR	PRESIDENT &	40.00	Officer	$109,504	$0	$109,504
JEFFREY JONES	CHAIR	2.00	Officer Director	$0	$0	$0
JENNIFER JESSIE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
W PEARL JOHNSON	2ND VICE CHA	2.00	Officer Director	$0	$0	$0
TERESA CONTE	SECRETARY	2.00	Officer Director	$0	$0	$0
FRANK CASSARA	TREASURER	2.00	Officer Director	$0	$0	$0
NORMA BROOKS-PARKS	DIRECTOR	1.00	Director	$0	$0	$0
KENVIN DOWNES	DIRECTOR	1.00	Director	$0	$0	$0
DONNA EVANS	DIRECTOR	1.00	Director	$0	$0	$0
VICTOR LUCAS	DIRECTOR	1.00	Director	$0	$0	$0
LETITIA A BRYANT	DIRECTOR	1.00	Director	$0	$0	$0
JEFF BLAKE	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES HARRIS JR	DIRECTOR	1.00	Director	$0	$0	$0
LEONARDO DIAZ	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY GRANESES ESQ	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	$1,631,928	$992,120	$3,827,468	$639,808
2023	$1,685,690	$1,651,113	$2,532,946	$34,577
2022	$1,738,042	$1,317,852	$2,174,030	$420,190
2021	$422,659	$379,061	$1,607,371	$43,598
2020	$299,491	$344,083	$1,555,654	$-44,592
2019	$290,203	$421,116	$1,429,863	$-130,913
2018	$382,609	$410,919	$1,585,414	$-28,310

CLEARWATER NEIGHBORHOOD HOUSING SERVICES INC