NORTHBAY FAMILY HOMES

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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

1978

Legal Domicile

Principal Officer

KRISTIE WHEELER

Phone

4158977744

Tax Period

2020-01-01 to 2020-12-31

NORTHBAY FAMILY HOMES, founded in 1978, is a small nonprofit that reported $475K in total revenue in fiscal year 2020. Revenue surged 120% from the prior year, signaling strong growth momentum. Expenses of $601K exceeded revenue, resulting in a 27% operating deficit.

Mission

PROVIDE HOME OWNERSHIP OPPORTUNITIES TO LOW-MODERATE INCOME FAMILIES AND INDIVIDUALS WITH INNOVATIVE FINANCING UTILIZING COMMUNITY ASSISTED SHARED APPRECIATION (CASA) LOAN PROGRAMS AND EMPLOYERS EMPOWERING HOMEOWNERSHIP (EEH) PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $37,613

PROVIDE HOME OWNERSHIP OPPORTUNITIES TO LOW-MODERATE INCOME FAMILIES AND INDIVIDUALS WITH INNOVATIVE FINANCING UTILIZING COMMUNITY ASSISTED SHARED APPRECIATION (CASA) AND EMPLOYER EMPOWERED HOME...

PROVIDE HOME OWNERSHIP OPPORTUNITIES TO LOW-MODERATE INCOME FAMILIES AND INDIVIDUALS WITH INNOVATIVE FINANCING UTILIZING COMMUNITY ASSISTED SHARED APPRECIATION (CASA) AND EMPLOYER EMPOWERED HOME OWNERSHIP LOAN PROGRAMS. TO ASSIST INDIVIDUALS AND FAMILIES WITH HOME MORTGAGE MODIFICATIONS SERVICES TO ENABLE THEM TO KEEP THEIR HOMES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $475,032

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $475,032

Expense Breakdown

Grants Paid $0

Salaries & Benefits $452,719

Fundraising Expenses $6,382

Program Expenses $37,613

Other Expenses $148,384

TOTAL EXPENSES $601,103

Year-over-Year Comparison

	2020	2019	Change
Revenue	$475,032	$215,500	+1.2%
Expenses	$601,103	$289,781	+1.1%
Net Income	$-126,071	$-74,281	+0.7%

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

$396,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLARK BLASDELL	PRES & CEO	40.00	Officer	$396,000	$0	$396,000
CHARLES CARSON	SECRETARY	1.00	Officer Director	$0	$0	$0
PAUL SIMMONS	TREASURER	1.00	Officer Director	$0	$0	$0
KRISTIE WHEELER	CHAIRPERSON	1.00	Officer 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
2020	$475,032	$601,103	No data	$-126,071
2019	$215,500	$289,781	$152,217	$-74,281
2018	$300,500	$323,487	$225,958	$-22,987