NEIGHBORHOOD NONPROFIT HOUSING CORP (EIN 870559307) - 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

1996

Legal Domicile

Principal Officer

JOSH RUNHAAR

Phone

4357531112

Tax Period

2023-07-01 to 2024-06-30

NEIGHBORHOOD NONPROFIT HOUSING CORP, founded in 1996, is a community nonprofit in the Housing & Shelter sector that reported $8.8M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.3M, a strong 26% operating margin.

Mission

CREATE QUALITY AFFORDABLE HOUSING OPPORTUNITIES, ENHANCE COMMUNITIES AND PROVIDE HOUSEHOLDS WITH SKILLS TO BECOME SELF-SUFFICIENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,894,430

Program Service Revenue $5,351,671

Investment Income $12,957

Other Revenue $544,341

TOTAL REVENUE $8,803,399

Expense Breakdown

Grants Paid $830,226

Salaries & Benefits $2,526,860

Fundraising Expenses $0

Program Expenses $6,227,940

Other Expenses $3,120,867

TOTAL EXPENSES $6,477,953

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,803,399	$11,203,345	-0.2%
Expenses	$6,477,953	$6,198,360	+0.0%
Net Income	$2,325,446	$5,004,985	-0.5%

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

$247,863

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSH RUNHAAR	Executive Dir.	40.00	Officer	$172,427	$75,436	$247,863
CHRISTOPHER S HARRILD	EMPLOYEE	40.00		$132,658	$34,582	$167,240
DAVID FRANDSEN	EMPLOYEE	40.00		$110,339	$47,153	$157,492
JEDDIE K AL-LMARI	EMPLOYEE	40.00		$104,393	$40,524	$144,917
JUSTIN CARD	CONTROLLER	40.00		$106,666	$27,804	$134,470
BRENT V GODFREY	EMPLOYEE	40.00		$100,040	$19,535	$119,575
JEFF GILBERT	Chairman	1.00	Officer Director	$0	$0	$0
JAKE NETZLEY	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHERYL ATWOOD	Secretary	1.00	Officer Director	$0	$0	$0
BRADEN MERRILL	Trustee	1.00	Director	$0	$0	$0
BRUCE RIGBY	Trustee	1.00	Director	$0	$0	$0
ROBERT THOMAS CPA MBA	Trustee	1.00	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
2025	No data	No data	No data	No data
2024	$8,803,399	$6,477,953	$31,533,677	$2,325,446
2023	$11,203,345	$6,198,360	$28,400,847	$5,004,985
2022	$11,345,815	$4,814,020	$21,218,797	$6,531,795
2021	$4,649,949	$3,923,896	$14,187,688	$726,053
2020	$5,517,572	$4,208,491	$13,957,342	$1,309,081
2019	$3,988,563	$2,831,953	$11,993,379	$1,156,610

NEIGHBORHOOD NONPROFIT HOUSING CORP