Neighborhood Housing and Development Corporation (EIN 592203965) - 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

1982

Legal Domicile

Principal Officer

Fred Schilffarth

Phone

3523809119

Tax Period

2024-10-01 to 2025-09-30

Neighborhood Housing and Development Corporation, founded in 1982, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2024. Expenses of $1.8M exceeded revenue, resulting in a 12% operating deficit.

Mission

The Organizations mission is to improve quality of life and economic opportunities by providing services that will address identified community needs. The primary focus is to increase access to quality, affordable, sustainable housing for low income families.

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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 $1,357,639

Program Service Revenue $483,808

Investment Income $6,299

Other Revenue $-209,039

TOTAL REVENUE $1,638,707

Expense Breakdown

Grants Paid $464,719

Salaries & Benefits $699,644

Fundraising Expenses $125,429

Program Expenses $1,462,911

Other Expenses $664,466

TOTAL EXPENSES $1,828,829

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,638,707	$1,672,555	0.0%
Expenses	$1,828,829	$1,387,888	+0.3%
Net Income	$-190,122	$284,667	-1.7%

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

$266,895

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
P Andre Parchment	Executive Director	40.00	Officer	$104,251	$8,115	$112,366
Cheryl Beardsley	Chief Financial Officer	40.00	Officer	$66,007	$16,147	$82,154
Janice Crews	Chief Operating Officer	40.00	Officer	$61,962	$10,413	$72,375
Henry Scherwin	Board Member	1.00	Director	$0	$0	$0
Anthony Miller	Board Member	1.00	Director	$0	$0	$0
Jose Moreno	Board Member	1.00	Director	$0	$0	$0
Janelle Profant	Board Member	1.00	Director	$0	$0	$0
Jeff Quigley	Board Member	1.00	Director	$0	$0	$0
Tracey Brown	Board Member	1.00	Director	$0	$0	$0
Malcolm Kiner	Board Member	1.00	Director	$0	$0	$0
Charles Harris	Board Member	1.00	Director	$0	$0	$0
Paul Haven	Treasurer	1.00	Officer Director	$0	$0	$0
Fred Schilffarth	President	1.00	Officer Director	$0	$0	$0
Helen Warren	Secretary	1.00	Officer Director	$0	$0	$0
James Swift	Vice President	1.00	Officer 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
2025	$1,638,707	$1,828,829	$8,500,942	$-190,122
2024	$1,672,555	$1,383,094	$8,235,412	$289,461
2024	$1,672,555	$1,387,888	$8,781,197	$284,667
2023	$2,203,372	$1,320,098	$7,797,721	$883,274
2022	$1,650,603	$1,209,731	$6,914,006	$440,872
2021	$1,553,415	$1,263,341	$6,484,246	$290,074
2020	$1,049,150	$948,083	$6,870,329	$101,067
2019	$1,424,711	$1,475,531	$6,273,877	$-50,820

Neighborhood Housing and Development Corporation