Northaven Development Inc

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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

2025-01-01 to 2025-12-31

Northaven Development Inc, founded in 1985, is a community nonprofit in the Human Services sector that reported $2.4M in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $2.8M exceeded revenue, resulting in a 17% operating deficit.

Mission

Our Mission is to provide physically challenged elderly residents housing, meals, and assistance with daily living.

Program Service Accomplishments

Program 1

Expenses: $2,461,477 Revenue: $2,161,208

Provide apartment housing for approximately 40 seniors, including meal services, nursing care, security and social activities.

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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 (2025)

Revenue Breakdown

Contributions & Grants $166,962

Program Service Revenue $2,161,208

Investment Income $38,550

Other Revenue $0

TOTAL REVENUE $2,366,720

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,889,217

Fundraising Expenses $165,929

Program Expenses $2,461,477

Other Expenses $870,893

TOTAL EXPENSES $2,760,110

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,366,720	$2,144,938	+0.1%
Expenses	$2,760,110	$2,577,703	+0.1%
Net Income	$-393,390	$-432,765	-0.1%

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

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

$72,977

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Theresa Peloso	President	1.00	Officer Director	$0	$0	$0
Kent Gregory	Vice President	1.00	Officer Director	$0	$0	$0
Barb Curry	Treasurer	1.00	Officer Director	$0	$0	$0
Justin Meith	Secretary	1.00	Officer Director	$0	$0	$0
Evelyn Delgadillo-Contreras	Trustee	1.00	Director	$0	$0	$0
Kevin Diefendorf	Trustee	1.00	Director	$0	$0	$0
Jana Helmuth	Trustee	1.00	Director	$0	$0	$0
Loala McCann	Trustee	1.00	Director	$0	$0	$0
Madison Medley	Trustee	1.00	Director	$0	$0	$0
Alison Mims	Trustee	1.00	Director	$0	$0	$72,977
Martin Strand	Trustee	1.00	Director	$0	$0	$0
Karen Themelis	Trustee	1.00	Director	$0	$0	$0
Jamie Williams	Trustee	1.00	Director	$0	$0	$0
Vikas Bhatia	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	$2,366,720	$2,760,110	$1,553,976	$-393,390
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