NEXT STEPS HOUSING CORPORATION (EIN 830382839) - 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

2003

Legal Domicile

Principal Officer

CARL NAGY-KOECHLIN

Phone

6174940444

Tax Period

2024-01-01 to 2024-12-31

NEXT STEPS HOUSING CORPORATION, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $232K in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum.

Mission

TO CONSTRUCT AND MANAGE MULTI-FAMILY, LOW-INCOME, AND TRANSITIONAL HOUSING DEVELOPMENT.

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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 $439,900

Program Service Revenue $12,670

Investment Income $-252,773

Other Revenue $31,973

TOTAL REVENUE $231,770

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $245,981

Other Expenses $249,171

TOTAL EXPENSES $249,171

Year-over-Year Comparison

	2024	2023	Change
Revenue	$231,770	$151,453	+0.5%
Expenses	$249,171	$166,587	+0.5%
Net Income	$-17,401	$-15,134	+0.1%

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

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

$205,735

Total Directors

$205,735

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARL NAGY-KOECHLIN	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$27,139	$205,735
LISA DRAPKIN	CLERK	1.00	Officer Director	$0	$0	$0
MICHAEL KUHN	TREASURER	1.00	Officer Director	$0	$0	$0
PETER MUNKENBECK	PRESIDENT	1.00	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
2024	$231,770	$249,171	$913,337	$-17,401
2023	$151,453	$166,587	$1,232,177	$-15,134
2022	$102,949	$149,912	$1,264,399	$-46,963
2021	$134,377	$141,007	$1,315,097	$-6,630
2020	$118,553	$130,294	$1,030,852	$-11,741
2019	$106,534	$131,426	$1,059,605	$-24,892
2018	$106,234	$141,630	$1,102,651	$-35,396

NEXT STEPS HOUSING CORPORATION