MARION SOMERS PLAZA HOUSING DEVELOPMENT FUND CORPORATION

EIN: 030528053 501(c)(3) Housing & Shelter

BROOKLYN, NY

Total Revenue
$66,129
Total Expenses
$43,023
Total Assets
$297,192
Net Assets
$293,956
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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
2003
Legal Domicile
NY
Principal Officer
PELHAM BOLLERS
Phone
7189193600
Tax Period
2024-01-01 to 2024-12-31

MARION SOMERS PLAZA HOUSING DEVELOPMENT FUND CORPORATION, founded in 2003, is a micro nonprofit in the Housing & Shelter sector that reported $66K in total revenue in fiscal year 2024. The organization ran a surplus of $23K, a strong 35% operating margin.

Mission

THE ORGANIZATION IS A CHARITABLE NOT-FOR-PROFIT CORPORATION ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF DEVELOPING AND OPERATING A HOUSING PROJECT FOR LOW INCOME FAMILIES.

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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 $0
Program Service Revenue $66,129
Investment Income $0
Other Revenue $0
TOTAL REVENUE $66,129

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $42,653
Other Expenses $43,023
TOTAL EXPENSES $43,023

Year-over-Year Comparison

2024 2023 Change
Revenue $66,129 $64,543 +0.0%
Expenses $43,023 $75,929 -0.4%
Net Income $23,106 $-11,386 -3.0%
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

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Governance

Voting Members
3
Independent Members
3
Employees
5
Volunteers
5

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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK FAIRCLOUGH CHAIRPERSON 0.00
Officer Director
$0 $0 $0
DIONNE FRANCE SECRETARY 0.00
Director
$0 $0 $0
COURTNEY NEWELL TREASURER 0.00
Director
$0 $0 $0
PELHAM BOLLERS EXECUTIVE DIRECTOR 0.00
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
2024 $66,129 $43,023 $297,192 $23,106
2023 $64,543 $75,929 $272,857 $-11,386
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