NORTH HIGHLAND AVENUE 1233 CORP (EIN 862047819) - 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

2021

Legal Domicile

Principal Officer

ALAN NG

Phone

6503436333

Tax Period

2024-01-01 to 2024-12-31

NORTH HIGHLAND AVENUE 1233 CORP, founded in 2021, is a micro nonprofit in the Housing & Shelter sector that reported $8K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 14471% operating deficit.

Mission

FORMED TO ACQUIRE AND HOLD TITLE TO REAL PROPERTY AND TO DEVELOP, COLLECT AND REMIT INCOME TO SOLE SHAREHOLDER, A PENSION PLAN.

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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 $0

Program Service Revenue $0

Investment Income $8,196

Other Revenue $210

TOTAL REVENUE $8,406

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,770

Fundraising Expenses $0

Other Expenses $1,204,057

TOTAL EXPENSES $1,224,827

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,406	$15,335	-0.5%
Expenses	$1,224,827	$309,841	+3.0%
Net Income	$-1,216,421	$-294,506	+3.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BYRON M FOX	DIRECTOR/ EXEC. VICE PRESI	1.00	Director	$0	$0	$0
GARRY J SPANNER	PRESIDENT/CHAIRMAN	1.00	Officer Director	$0	$0	$0
ROBERT T PERKINS	EXECUTIVE VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
VICTOR T KWOK	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$0	$0
ERIK ST CHARLES	SECRETARY	1.00	Officer	$0	$0	$0
ROBERT J MOYLAN	VICE PRESIDENT	1.00	Officer	$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	$8,406	$1,224,827	$44,986,311	$-1,216,421
2023	$15,335	$309,841	$33,587,866	$-294,506
2022	$12,509	$37,444	$46,295,455	$-24,935
2021	$115	$3,980	$28,437,107	$-3,865

NORTH HIGHLAND AVENUE 1233 CORP