NORTHAVEN DEVELOPMENT INC (EIN 911264261) - 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

1985

Legal Domicile

Principal Officer

THERESA PELOSO

Phone

2063653020

Tax Period

2023-01-01 to 2023-12-31

NORTHAVEN DEVELOPMENT INC, founded in 1985, is a community nonprofit in the Human Services sector that reported $2.1M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $2.7M exceeded revenue, resulting in a 29% operating deficit.

Mission

TO PROVIDE PHYSICALLY CHALLENGED ELDERLY RESIDENTS HOUSING, MEALS, AND ASSISTANCE WITH DAILY LIVING.

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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 $121,317

Program Service Revenue $1,849,436

Investment Income $33,866

Other Revenue $53,398

TOTAL REVENUE $2,058,017

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,743,102

Fundraising Expenses $142,312

Program Expenses $1,993,838

Other Expenses $921,897

TOTAL EXPENSES $2,664,999

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,058,017	$1,858,501	+0.1%
Expenses	$2,664,999	$1,605,259	+0.7%
Net Income	$-606,982	$253,242	-3.4%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

120

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
THERESA PELOSO	PRESIDENT	4.00	Officer Director	$0	$0	$0
KENT GREGORY	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
BARB CURRY	TREASURER	0.50	Officer Director	$0	$0	$0
KAREN THEMELIS	SECRETARY	0.50	Officer Director	$0	$0	$0
EVELYN DELGADILLO-CONTRERAS	MEMBER	0.50	Director	$0	$0	$0
KEVIN DIEFENDORF	MEMBER	0.50	Director	$0	$0	$0
MADISEN MEDLEY	MEMBER	0.50	Director	$0	$0	$0
ALLISON MIMS	MEMBER	0.50	Director	$0	$0	$0
JANA HELMUTH	MEMBER	0.50	Director	$0	$0	$0
JUSTIN MEITH	MEMBER	0.50	Director	$0	$0	$0
SARAJANE SIEGFRIEDT	MEMBER	0.50	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	No data	No data	No data	No data
2023	$2,058,017	$2,664,999	$1,625,507	$-606,982
2022	$1,858,501	$1,605,259	$2,306,825	$253,242
2021	$1,813,152	$2,160,380	$2,167,642	$-347,228
2020	$3,089,810	$2,063,455	$2,430,048	$1,026,355
2019	$1,816,693	$1,904,909	$1,363,100	$-88,216
2018	$1,805,449	$1,771,435	$2,751,383	$34,014

NORTHAVEN DEVELOPMENT INC