Northeast Houston Redevelopment Council (EIN 823382624) - 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

2017

Legal Domicile

Principal Officer

Kenneth Williams

Phone

7134492691

Tax Period

2024-01-01 to 2024-12-31

Northeast Houston Redevelopment Council, founded in 2017, is a small nonprofit in the Human Services sector that reported $203K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $399K exceeded revenue, resulting in a 97% operating deficit.

Mission

Is to act as the platform for engaging collaborative solutions that produce economic development, equitable education and citizen's empowerment solutions that directly benefit the historically underserved communities of Northeast Houston.

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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 $202,753

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $202,753

Expense Breakdown

Grants Paid $85,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $288,651

Other Expenses $313,159

TOTAL EXPENSES $398,659

Year-over-Year Comparison

	2024	2023	Change
Revenue	$202,753	$311,103	-0.3%
Expenses	$398,659	$208,401	+0.9%
Net Income	$-195,906	$102,702	-2.9%

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

100

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
Kenneth Williams	Treasurer	40.00	Officer Director	$0	$0	$0
Keith Downey	Secretary	40.00	Officer Director	$0	$0	$0
Huey Wilson	President	40.00	Officer 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
2025	No data	No data	No data	No data
2024	$202,753	$398,659	$221,815	$-195,906
2023	$311,103	$208,401	$417,721	$102,702
2022	$294,130	$215,025	$315,019	$79,105
2021	$219,509	$113,026	$235,914	$106,483

Northeast Houston Redevelopment Council