NORMANDY HOUSE INC

EIN: 900618268 501(c)(3) Housing & Shelter

CHICAGO, IL

Total Revenue
$522,213
Total Expenses
$549,635
Total Assets
$65,865
Net Assets
$65,865
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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
2010
Legal Domicile
IL
Principal Officer
KENNETH IVASKA
Phone
8473126005
Tax Period
2024-01-01 to 2024-12-31

NORMANDY HOUSE INC, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $522K in total revenue in fiscal year 2024.

Mission

Organization provides housing for people out of treatment centers who need a safe place.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $522,213
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $522,213

Expense Breakdown

Grants Paid $0
Salaries & Benefits $113,562
Fundraising Expenses $0
Program Expenses $0
Other Expenses $436,073
TOTAL EXPENSES $549,635

Year-over-Year Comparison

2024 2023 Change
Revenue $522,213 $515,170 +0.0%
Expenses $549,635 $440,140 +0.2%
Net Income $-27,422 $75,030 -1.4%
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

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Governance

Voting Members
4
Independent Members
4
Employees
3
Volunteers
4

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
4
$79,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENNETH IVASKA PRESIDENT 40.00
Officer
$0 $0 $0
THERESA IVASKA V-CE PRESIDENT 10.00
Officer
$0 $0 $0
CHARLES FROST SERETARY 5.00
Officer
$79,000 $0 $79,000
FRANK SALERNO DIRECTOR 5.00
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
2025 No data No data No data No data
2024 $522,213 $549,635 $65,865 $-27,422
2023 $515,170 $440,140 $97,082 $75,030
2022 $464,143 $410,488 $182,101 $53,655
2021 $410,806 $412,368 $135,022 $-1,562
2020 $368,366 $409,109 $136,821 $-40,743
2019 $471,459 $398,582 $29,561 $72,877
2018 $490,012 $430,696 $25,532 $59,316
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