MULTIFAMILY SOLUTIONS INC

EIN: 042720358 501(c)(3) Housing & Shelter

BRAINTREE, MA

Total Revenue
$7,500
Total Expenses
$2,030
Total Assets
$7,500
Net Assets
$-2,340
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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
1979
Legal Domicile
MA
Principal Officer
MICHAEL MATTOS
Phone
7817941000
Tax Period
2024-01-01 to 2024-12-31

MULTIFAMILY SOLUTIONS INC, founded in 1979, is a micro nonprofit in the Housing & Shelter sector that reported $8K in total revenue in fiscal year 2024. The organization ran a surplus of $5K, a strong 73% operating margin.

Mission

TO FACILITATE AND PROMOTE HOUSING FOR LOW INCOME ELDERLY AND/OR HANDICAPPED PERSONS AND TO PROMOTE THE WELFARE OF ELDERLY AND HANDICAPPED PERSONS AND 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 $7,500
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $7,500

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,030
Other Expenses $2,030
TOTAL EXPENSES $2,030

Year-over-Year Comparison

2024 2023 Change
Revenue $7,500 N/A N/A
Expenses $2,030 N/A N/A
Net Income $5,470 $0 N/A
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
6
Independent Members
6
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
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL MATTOS PRESIDENT 0.50
Officer Director
$0 $0 $0
GUY CORRICELLI TREASURER 0.50
Officer Director
$0 $0 $0
STEPHEN FRAZIER CLERK, DIRECTOR 0.50
Officer Director
$0 $0 $0
PETER DEMIRDJIAN DIRECTOR 0.50
Director
$0 $0 $0
GEORGE GEORGES DIRECTOR 0.50
Director
$0 $0 $0
ELIZABETH COLLINS DIRECTOR 0.50
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
2024 $7,500 $2,030 $7,500 $5,470
2023 No data No data No data No data
2022 No data No data No data No data
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