NORTHWEST HOUSING INITIATIVE INC T… - Form 990 Financial Data

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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

1998

Legal Domicile

Principal Officer

STEWARD E WASHINGTON

Phone

9046321255

Tax Period

2025-01-01 to 2025-12-31

NORTHWEST HOUSING INITIATIVE INC THE ENCLAVES APARTMENTS, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $248K in total revenue in fiscal year 2025. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $283K exceeded revenue, resulting in a 14% operating deficit.

Mission

PROVIDE AFFORDABLE HOUSING.

Program Service Accomplishments

Program 1

Expenses: $270,190

THE PROJECT IS AN 18-UNIT APARTMENT PROJECT FOR PERSONS WITH DISABILITIES LOCATED IN JACKSONVILLE, FLORIDA. THE PROJECT IS OPERATED UNDER SECTION 811 OF THE NATIONAL HOUSING ACT AND REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $247,720

Investment Income $147

Other Revenue $0

TOTAL REVENUE $247,867

Expense Breakdown

Grants Paid $0

Salaries & Benefits $252

Fundraising Expenses $0

Program Expenses $270,190

Other Expenses $283,058

TOTAL EXPENSES $283,310

Year-over-Year Comparison

	2025	2024	Change
Revenue	$247,867	$206,247	+0.2%
Expenses	$283,310	$250,181	+0.1%
Net Income	$-35,443	$-43,934	-0.2%

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
REGINALD ESTELL	DIRECTOR	N/A	Director	$0	$0	$0
MELANIE HOPKINS	TREASURER	N/A	Officer Director	$0	$0	$0
BERNICE PARKER-BELL	SECRETARY	N/A	Officer Director	$0	$0	$0
STEWARD E WASHINGTON	PRESIDENT	N/A	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	$247,867	$283,310	$800,410	$-35,443
2024	$206,247	$250,181	$835,770	$-43,934
2023	$181,076	$201,445	$878,998	$-20,369
2022	$184,529	$222,885	$902,663	$-38,356
2021	$180,791	$198,586	$936,784	$-17,795
2020	$182,399	$196,649	$957,605	$-14,250
2019	$167,379	$194,295	$969,464	$-26,916
2018	$166,019	$174,531	$996,105	$-8,512

NORTHWEST HOUSING INITIATIVE INC THE ENCLAVES APARTMENTS