NORWOOD AVENUE HOUSING CORPORATION CO SAC HOUSING & REDEVELOPMENT AGENCY (EIN 680265463) - 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

1991

Legal Domicile

Phone

9164401368

Tax Period

2023-01-01 to 2023-12-31

NORWOOD AVENUE HOUSING CORPORATION CO SAC HOUSING & REDEVELOPMENT AGENCY, founded in 1991, is a community nonprofit that reported $6.6M in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $7.7M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO DEVELOP AND ADVANCE THE SOCIAL, ECONOMIC, AND CHARITABLE WELFARE OF THE COMMUNITY AND TO IMPROVE THE LIVING CONDITIONS OF LOW AND MODERATE-INCOME PEOPLE.

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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 $0

Program Service Revenue $6,618,578

Investment Income $10,174

Other Revenue $0

TOTAL REVENUE $6,628,752

Expense Breakdown

Grants Paid $0

Salaries & Benefits $446,893

Fundraising Expenses $0

Program Expenses $7,629,340

Other Expenses $7,232,484

TOTAL EXPENSES $7,679,377

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,628,752	$4,467,792	+0.5%
Expenses	$7,679,377	$5,011,484	+0.5%
Net Income	$-1,050,625	$-543,692	+0.9%

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
LA SHELLE DOZIER	President	2.00	Officer Director	$0	$0	$0
SUSANA JACKSON	Treasurer	2.00	Officer Director	$0	$0	$0
CASSANDRA JENNINGS	Secretary	2.00	Officer Director	$0	$0	$0
BRAD WIBLIN	Director	2.00	Director	$0	$0	$0
JOHN GRIFFIN	Director	2.00	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	No data	No data	No data	No data
2023	$6,628,752	$7,679,377	$46,261,659	$-1,050,625
2022	$4,467,792	$5,011,484	$46,572,204	$-543,692
2021	$923,241	$753,399	$18,532,779	$169,842
2020	$190,916	$222,408	$3,801,547	$-31,492
2019	$3,111,003	$256,197	$4,181,891	$2,854,806
2018	$185,499	$165,345	$4,463,676	$20,154

NORWOOD AVENUE HOUSING CORPORATION CO SAC HOUSING & REDEVELOPMENT AGENCY