INWOOD NORTH HOMEOWNERS ASSOCIATIO… - 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

1975

Legal Domicile

Principal Officer

LEON SANDLES

Phone

7138294529

Tax Period

2023-01-01 to 2023-12-31

INWOOD NORTH HOMEOWNERS ASSOCIATION INC, founded in 1975, is a small nonprofit in the Community Improvement sector that reported $631K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $603K left a modest 4% surplus.

Mission

The Association is responsible for maintaining the safety and welfare of the public and members of the community through the maintenance, management and improvements to the common and recreational areas.

Program Service Accomplishments

Program 1

Expenses: $152,000

Maintance and improvement of common and recreational areas

Program 2

Expenses: $100,500

Utilities electricial services of common areas

Program 3

Major repair of buildings, pools and tennis court.

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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 $603,350

Investment Income $28,070

Other Revenue $0

TOTAL REVENUE $631,420

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $252,500

Other Expenses $603,350

TOTAL EXPENSES $603,350

Year-over-Year Comparison

	2023	2022	Change
Revenue	$631,420	$686,455	-0.1%
Expenses	$603,350	$522,249	+0.2%
Net Income	$28,070	$164,206	-0.8%

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

N/A

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

$68,429

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN ALLAN PACE	OFFICE MANAGER	6	Officer	$22,000	$0	$22,000
SOPREKA DISE	OFFICE ASSISTANT	6	Officer	$13,216	$0	$13,216
JESSICA JAMACEK	DEED RESTRICTIONS VIOLATIONS RFEP	6	Officer	$33,213	$0	$33,213

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
2023	$631,420	$603,350	$2,052,753	$28,070
2022	$686,455	$522,249	$2,524,427	$164,206
2021	$684,469	$562,584	$2,362,872	$121,885
2020	$802,797	$493,071	$2,262,944	$309,726

INWOOD NORTH HOMEOWNERS ASSOCIATION INC