MANCHESTER HOUSING & REDEVELOPMENT FOUNDATION INC (EIN 020457545) - 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

Legal Domicile

Principal Officer

DAVID H QUINN

Phone

6036242100

Tax Period

2024-10-01 to 2025-09-30

MANCHESTER HOUSING & REDEVELOPMENT FOUNDATION INC is a small nonprofit that reported $110K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $222K exceeded revenue, resulting in a 102% operating deficit.

Mission

TO PROVIDE SAFE RECREATIONAL OPPORTUNITIES FOR LOW AND MODERATE INCOME RESIDENTS OF PUBLIC HOUSING.

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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 $0

Program Service Revenue $103,355

Investment Income $6,442

Other Revenue $0

TOTAL REVENUE $109,797

Expense Breakdown

Grants Paid $109,165

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $220,949

Other Expenses $113,066

TOTAL EXPENSES $222,231

Year-over-Year Comparison

	2024	2023	Change
Revenue	$109,797	$125,040	-0.1%
Expenses	$222,231	$73,681	+2.0%
Net Income	$-112,434	$51,359	-3.2%

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
DAVID H QUINN	CHAIR	N/A	Director	$0	$0	$0
STEPHEN C DUFFLEY	VICE CHAIR	N/A	Officer Director	$0	$0	$0
MICHAEL LOPEZ	COMMISSIOMER	N/A	Director	$0	$0	$0
ANDREW PAPANICOLAU	COMMISSIONER	N/A	Director	$0	$0	$0
THOMAS HICKMAN	COMMISSIONER	N/A	Director	$0	$0	$0
SHANNON WRIGHT	EXECUTIVE D	N/A	Officer	$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	$109,797	$222,231	$737,167	$-112,434
2024	$125,040	$73,681	$859,961	$51,359
2023	$300,427	$152,874	$832,563	$147,553
2022	$88,952	$132,361	$660,990	$-43,409
2021	$92,747	$130,620	$748,722	$-37,873
2020	$64,909	$131,064	$732,783	$-66,155
2019	$86,341	$136,475	$849,580	$-50,134
2018	$66,957	$123,059	$846,852	$-56,102

MANCHESTER HOUSING & REDEVELOPMENT FOUNDATION INC