Northeast Denver Housing Center (EIN 840909291) - 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

Principal Officer

DOMINIQUE ACEVEDO

Phone

3033999337

Tax Period

2024-01-01 to 2024-12-31

Northeast Denver Housing Center is a community nonprofit in the Housing & Shelter sector that reported $7.4M in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.0M, a strong 27% operating margin.

Mission

NORTHEAST DENVER HOUSING CENTER, INC.'S PURPOSE IS TO PROMOTE AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENTAL PROJECTS/PROGRAMS AS WELL AS COMPREHENSIVE COUNSELING AND HOME OWNERSHIP INCUBATION.

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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 $3,649,478

Program Service Revenue $2,508,019

Investment Income $1,050,369

Other Revenue $146,611

TOTAL REVENUE $7,354,477

Expense Breakdown

Grants Paid $0

Salaries & Benefits $791,028

Fundraising Expenses $22,082

Program Expenses $5,022,838

Other Expenses $4,550,336

TOTAL EXPENSES $5,341,364

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,354,477	$23,400,819	-0.7%
Expenses	$5,341,364	$12,113,952	-0.6%
Net Income	$2,013,113	$11,286,867	-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

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOMINIQUE ACEVEDO	EXECUTIVE DIRECTOR	40.00		$154,082	$0	$154,082
GEORGINA OLAKANYE	Secretary/treas	4.00	Director	$0	$0	$0
ROY ALEXANDER	Chairperson	4.00	Director	$0	$0	$0
RYAN SAHD	Vice-Chairperso	4.00	Director	$0	$0	$0
KRISTOPHER COLLEY	Director	4.00	Director	$0	$0	$0
SALLY EDWARDS	Director	4.00	Director	$0	$0	$0
PHOEBE ARCHULETA	Director	4.00	Director	$0	$0	$0
REV DR JAMES R FOUTHER	Director	4.00	Director	$0	$0	$0
CHIQUITA MCGOWIN	Director	4.00	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	$7,354,477	$5,341,364	$63,260,708	$2,013,113
2023	$23,400,819	$12,113,952	$71,254,675	$11,286,867
2022	$26,283,688	$28,132,249	$48,949,156	$-1,848,561
2021	$39,072,373	$36,806,883	$58,407,194	$2,265,490
2020	$36,033,914	$22,966,047	$53,767,065	$13,067,867
2019	$20,070,418	$18,933,343	$36,476,713	$1,137,075
2018	$8,154,557	$5,111,115	$29,343,557	$3,043,442

Northeast Denver Housing Center