MANCHESTER HOUSING FOR THE ELDERLY C/O BRADLEY RONCO

EIN: 010367056 501(c)(3)

PORTLAND, ME

Total Revenue
$252,259
Total Expenses
$243,357
Total Assets
$701,506
Net Assets
$-169,741
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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
ME
Principal Officer
BRADLEY RONCO
Phone
2076229310
Tax Period
2024-01-01 to 2024-12-31

MANCHESTER HOUSING FOR THE ELDERLY C/O BRADLEY RONCO, founded in 1978, is a small nonprofit that reported $252K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $243K left a modest 4% surplus.

Mission

TO PROVIDE AFFORDABLE RENTAL HOUSING FOR THE ELDERLY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $184,603
Program Service Revenue $60,590
Investment Income $7,066
Other Revenue $0
TOTAL REVENUE $252,259

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $243,357
Other Expenses $243,357
TOTAL EXPENSES $243,357

Year-over-Year Comparison

2024 2023 Change
Revenue $252,259 $231,269 +0.1%
Expenses $243,357 $232,342 +0.0%
Net Income $8,902 $-1,073 -9.3%
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

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Governance

Voting Members
7
Independent Members
7
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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRADLEY RONCO PRESIDENT 5.00
Officer Director
$0 $0 $0
ANNETTE PEABODY SECRETARY/TREASURER 5.00
Officer Director
$0 $0 $0
FAYE TRAFTON DIRECTOR 5.00
Director
$0 $0 $0
MYRNA GRAHAM DIRECTOR 5.00
Director
$0 $0 $0
VALERIE DAWES DIRECTOR 5.00
Director
$0 $0 $0
MARY PALANGE VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
PEARL ALLEN DIRECTOR 5.00
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 $252,259 $243,357 $701,506 $8,902
2023 $231,269 $232,342 $690,523 $-1,073
2022 $197,851 $224,124 $690,162 $-26,273
2021 $203,889 $212,586 $710,145 $-8,697
2020 $198,198 $213,494 $718,167 $-15,296
2019 $198,023 $204,132 $726,971 $-6,109
2018 $185,785 $219,503 $721,351 $-33,718
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