NEIGHBORHOOD HOUSING INC

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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

2001

Legal Domicile

Principal Officer

CHRISTOPHER MARTIN

Phone

8655242774

Tax Period

2024-01-01 to 2024-12-31

NEIGHBORHOOD HOUSING INC, founded in 2001, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.3M in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring.

Mission

IT IS THE MISSION OF NEIGHBORHOOD HOUSING TO PROVIDE AND RESTORE CLEAN, AFFORDABLE, SINGLE FAMILY HOUSING. THE ORGANIZATION ACHIEVES THIS MISSION THROUGH ITS NEW HOUSING PROGRAM AND THROUGH ITS HOME REPAIR PROGRAM.

Program Service Accomplishments

Program 1

Expenses: $46,256

NEIGHBORHOOD HOUSING - OUR GOAL IS TO RESTORE COMMUNITY PRIDE WITHIN KNOXVILLE'S NEIGHBORHOODS BY BUILDING MODESTLY PRICED HOMES AND OFFERING ASSISTANCE WITH THE PURCHASE PRICE. IN 2024, NO HOMES OR LOTS WERE SOLD IN OUR INNER CITY NEIGHBORHOODS. ALSO, 58 FAMILIES WERE ENROLLED IN OUR HOME BUYER READINESS PROGRAM THAT HELPS FAMILIES WORK ON IMPROVING THEIR CREDIT AND BASIC LIFE AND FINANCIAL SKILLS SO THAT THEY CAN PURSUE THEIR DREAM OF HOME OWNERSHIP.

Program 2

Expenses: $824,775

OPERATION BACKYARD - THIS MINOR HOME REPAIR PROGRAM PROVIDES MATERIALS AND RECRUITS VOLUNTEERS TO PROVIDE MINOR HOME REPAIRS FOR LOW-INCOME, SENIOR, AND DISABLED PERSONS WHO OWN THEIR OWN HOMES. IN...

Program 3

Expenses: $309,568

WORKFORCE DEVELOPMENT - NHI SERVES AS A CONSTRUCTION SKILLS DEVELOPMENT AND EMPLOYMENT PARTNER FOR QUALIFIED YOUTH SELECTED BY KNOXVILLE LEADERSHIP FOUNDATION TO PARTICIPATE IN YOUTH BUILD. THE GOALS OF YOUTH BUILD ARE TO PROVIDE PROGRAM AND PROJECT-BASED LEARNING AND OCCUPATIONAL SKILLS TRAINING TO BETTER PREPARE DISADVANTAGED YOUTH BETWEEN THE AGES OF 16 AND 29 FOR CAREER PLACEMENT AND ACHIEVEMENT OF ACADEMIC CREDENTIALS.

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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 $1,284,736

Program Service Revenue $0

Investment Income $1,680

Other Revenue $21

TOTAL REVENUE $1,286,437

Expense Breakdown

Grants Paid $0

Salaries & Benefits $348,676

Fundraising Expenses $41,374

Program Expenses $1,180,599

Other Expenses $943,677

TOTAL EXPENSES $1,292,353

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,286,437	$2,082,356	-0.4%
Expenses	$1,292,353	$2,093,867	-0.4%
Net Income	$-5,916	$-11,511	-0.5%

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

1815

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

$233,420

Total Directors