NEIGHBORHOOD HOUSING RENEWAL CORP II (EIN 942952052) - 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

1984

Legal Domicile

Principal Officer

LAMAR HEYSTEK

Phone

4159285910

Tax Period

2023-01-01 to 2023-12-31

NEIGHBORHOOD HOUSING RENEWAL CORP II, founded in 1984, is a small nonprofit in the Housing & Shelter sector that reported $259K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $371K exceeded revenue, resulting in a 43% operating deficit.

Mission

PROVIDE AFFORDABLE HOUSING TO LOW INCOME TENANTS

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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 $0

Program Service Revenue $257,102

Investment Income $1,909

Other Revenue $0

TOTAL REVENUE $259,011

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,737

Fundraising Expenses $0

Program Expenses $357,335

Other Expenses $350,378

TOTAL EXPENSES $371,115

Year-over-Year Comparison

	2023	2022	Change
Revenue	$259,011	$276,118	-0.1%
Expenses	$371,115	$355,742	+0.0%
Net Income	$-112,104	$-79,624	+0.4%

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

N/A

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

$195,776

Total Directors

$195,776

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
LAMAR HEYSTEK	SECRETARY, TREASURER	Officer Director	$0	$26,376	$195,776
FRANK FUNG	CHAIRMAN	Officer Director	$0	$0	$0
ROBERT LO	VICE CHAIRMAN	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
2024	No data	No data	No data	No data
2023	$259,011	$371,115	$733,682	$-112,104
2022	$276,118	$355,742	$764,841	$-79,624
2021	$231,665	$326,338	$801,756	$-94,673
2020	$237,262	$311,082	$796,429	$-73,820
2019	$220,069	$268,447	$812,409	$-48,378
2018	$248,500	$338,970	$950,894	$-90,470

NEIGHBORHOOD HOUSING RENEWAL CORP II