BROOKLYN, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
THE PURPOSE OF THE NORWEGIAN CHRISTIAN HOME FOUNDATION (NCHF) IS TO SOLICIT CONTRIBUTIONS AND GRANTS FROM THE GENERAL PUBLIC AND OTHER FOUNDATIONS, TO ADMINISTER AND INVEST FUNDS, TO RECEIVE, PURCHASE, LEASE OR SELL ANY REAL PROPERTY, AND TO USE AND DISTRIBUTE SUCH FUNDS SOLELY FOR THE NEEDS AND PURPOSES OF THE NORWEGIAN CHRISTIAN HOME AND HEALTH CENTER (NCHHC) FOR SO LONG AS THE NCHHC SHALL BE IN EXISTENCE AS A CHARITABLE CORPORATION, AS WELL AS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE.
SOLICIT AND RECEIVE FUNDS ON BEHALF OF THE NORWEGIAN CHRISTIAN HOME AND HEALTH CENTER. IN 2023, THE ORGANIZATION CONTRIBUTED 22,913 TO NORWEGIAN CHRSTIAN HOME AND HEALTH CENTER.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare NORWEGIAN CHRISTIAN HOME FOUNDATION with other nonprofits in New York and across the country.