NORWEGIAN CHRISTIAN HOME FOUNDATION

EIN: 743219871 501(c)(3) Housing & Shelter

BROOKLYN, NY

Total Revenue
$223,642
Total Expenses
$191,382
Total Assets
$4,403,410
Net Assets
$4,078,307
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
NY
Principal Officer
ANTHONY RESTAINO
Phone
7182322322
Tax Period
2023-01-01 to 2023-12-31

NORWEGIAN CHRISTIAN HOME FOUNDATION, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $224K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $191K left a modest 14% surplus.

Mission

THE NCHF HAS BEEN FORMED TO FURTHER THE MISSION OF THE NORWEGIAN CHRISTIAN HOME AND HEALTH CENTER (NCHHC), A NEW YORK NOT FOR PROFIT CORPORATION WHICH STATES "MOTIVATED BY FAITH IN GOD, THE BELIEF THAT REDEMPTION CAN ONLY BE FOUND IN JESUS CHRIST, AND THAT HIS LOVE EXTENDS TO ALL MANKIND, THE NORWEGIAN CHRISTIAN HOME AND HEALTH CENTER EXISTS TO PROVIDE EXCEPTIONAL PHYSICAL, SOCIAL, AND SPIRITUAL CARE SERVICES, IN A PLEASANT ENVIRONMENT WHERE HUMAN DIGNITY IS PRESERVED"

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $75,095
Program Service Revenue $0
Investment Income $26,442
Other Revenue $122,105
TOTAL REVENUE $223,642

Expense Breakdown

Grants Paid $22,913
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $22,913
Other Expenses $168,469
TOTAL EXPENSES $191,382

Year-over-Year Comparison

2023 2022 Change
Revenue $223,642 $259,110 -0.1%
Expenses $191,382 $115,922 +0.7%
Net Income $32,260 $143,188 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
7
Independent Members
6
Employees
N/A
Volunteers
6

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
4
$264,714
Total Directors
8
$264,714
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY RESTAINO EXEC DIRECTOR/TREASURER 1.00
Officer Director
$0 $34,536 $264,714
ARLENE RUTUELO CHAIRMAN 1.00
Officer Director
$0 $0 $0
GEORGE A JENSEN VICE-CHAIR 1.00
Officer Director
$0 $0 $0
DAVID OLSEN SECRETARY 1.00
Officer Director
$0 $0 $0
EDWARD T JOHANNESEN MEMBER 1.00
Director
$0 $0 $0
JOHN QUAGLIONE MEMBER 1.00
Director
$0 $0 $0
GORDEN JENSEN MEMBER 1.00
Director
$0 $0 $0
EARNEST RAGIN MEMBER THRU 02/2023 1.00
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 $223,642 $191,382 $4,403,410 $32,260
2022 $259,110 $115,922 $3,908,561 $143,188
2021 $823,457 $85,003 $4,059,163 $738,454
2020 $1,170,961 $50,391 $3,063,331 $1,120,570
2019 $390,443 $55,905 $1,815,055 $334,538
2018 $113,866 $280,011 $1,447,760 $-166,145
Explore More Nonprofits
Top 100 Nonprofits in New York Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare NORWEGIAN CHRISTIAN HOME FOUNDATION with other nonprofits in New York and across the country.