EAST MILLINOCKET HOUSING CORPORATI… - Form 990 Financial Data

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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

1975

Legal Domicile

Principal Officer

BARRY GODDARD

Phone

2077469002

Tax Period

2024-01-01 to 2024-12-31

EAST MILLINOCKET HOUSING CORPORATION, founded in 1975, is a small nonprofit in the Housing & Shelter sector that reported $524K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $459K left a modest 13% surplus.

Mission

EAST MILLINOCKET HOUSING PROVIDES AFFORDABLE RENTAL HOUSING IN 44 APARTMENT UNITS FOR SENIOR CITIZENS AND THE HANDICAPPED.

Program Service Accomplishments

Program 1

Expenses: $458,577 Revenue: $185,927

EAST MILLINOCKET HOUSING PROVIDES AFFORDABLE RENTAL HOUSING IN 44 APARTMENT UNITS FOR SENIOR CITIZENS AND THE HANDICAPPED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $338,164

Program Service Revenue $183,377

Investment Income $2,550

Other Revenue $0

TOTAL REVENUE $524,091

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $458,577

Other Expenses $458,577

TOTAL EXPENSES $458,577

Year-over-Year Comparison

	2024	2023	Change
Revenue	$524,091	$472,668	+0.1%
Expenses	$458,577	$474,539	0.0%
Net Income	$65,514	$-1,871	-36.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRY J GODDARD	PRESIDENT	1.00	Officer Director	$0	$0	$0
ANTHONY D MOSCONE JR	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KATHERINE J HIGGINS	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
RANDI BIRT	MEMBER	1.00	Director	$0	$0	$0
CATHIE LUFKIN	MEMBER	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
2024	$524,091	$458,577	$656,104	$65,514
2023	$472,668	$474,539	$656,989	$-1,871
2022	$438,250	$443,354	$687,147	$-5,104
2021	$451,440	$429,640	$734,966	$21,800
2020	$446,393	$404,748	$787,799	$41,645
2019	$433,565	$398,260	$788,904	$35,305
2018	$417,122	$420,115	$801,874	$-2,993

EAST MILLINOCKET HOUSING CORPORATION