MEMORIAL DRIVE HOUSING CHARITABLE TRUST C/O HOMEOWNER'S REHAB INC (EIN 043320445) - 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

Formation Year

1996

Legal Domicile

Principal Officer

LOUISE ELVING

Phone

6178684858

Tax Period

2023-01-01 to 2023-12-31

MEMORIAL DRIVE HOUSING CHARITABLE TRUST C/O HOMEOWNER'S REHAB INC, founded in 1996, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2023. The organization ran a surplus of $1.4M, a strong 95% operating margin.

Mission

TO PROVIDE THE POOR, DISTRESSED OR UNDERPRIVILEGED WITH SAFE, DECENT AND SANITARY HOUSING IN WHICH TO LIVE AND RAISE THEIR 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,457,602

Investment Income $23,276

Other Revenue $0

TOTAL REVENUE $1,480,878

Expense Breakdown

Grants Paid $72,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $72,000

Other Expenses $9,000

TOTAL EXPENSES $81,000

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,480,878	$1,421,310	+0.0%
Expenses	$81,000	$72,555	+0.1%
Net Income	$1,399,878	$1,348,755	+0.0%

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

$253,061

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER DALY	TRUSTEE	1.00	Director	$0	$34,215	$253,061
LOUISE ELVING	TRUSTEE	0.00	Director	$0	$0	$0
VINCE O'DONNELL	TRUSTEE	0.00	Director	$0	$0	$0
WAHIDA DIA	TRUSTEE	0.00	Director	$0	$0	$0
KATHY MACK	TRUSTEE	0.00	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	No data	No data	No data	No data
2023	$1,480,878	$81,000	$54,465,056	$1,399,878
2022	$1,421,310	$72,555	$53,057,416	$1,348,755
2021	$1,377,637	$62,675	$51,708,551	$1,314,962
2020	$1,994,742	$124,164	$50,393,589	$1,870,578
2019	$2,498,266	$84,176	$48,523,011	$2,414,090
2018	$2,467,768	$104,448	$46,108,921	$2,363,320

MEMORIAL DRIVE HOUSING CHARITABLE TRUST C/O HOMEOWNER'S REHAB INC