Mt Vernon Housing Inc

EIN: 043402302 501(c)(3) Human Services

Worcester, MA

Total Revenue
$33,854
Total Expenses
$67,218
Total Assets
$227,193
Net Assets
$-332,621
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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
1977
Legal Domicile
MA
Phone
5088601222
Tax Period
2020-10-01 to 2021-09-30

Mt Vernon Housing Inc, founded in 1977, is a micro nonprofit in the Human Services sector that reported $34K in total revenue in fiscal year 2020. Expenses of $67K exceeded revenue, resulting in a 99% operating deficit.

Mission

The organization provides non profit human service providers that serve the mentally ill, disables and elderly with the resources the providers are unable to purchase directly that will improve the delivery of human service. Operation and maintenance of 19 housing units for elderly/disabled persons.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $33,836
Investment Income $18
Other Revenue $0
TOTAL REVENUE $33,854

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $67,218
Other Expenses $67,218
TOTAL EXPENSES $67,218

Year-over-Year Comparison

2020 2019 Change
Revenue $33,854 $33,777 +0.0%
Expenses $67,218 $53,571 +0.3%
Net Income $-33,364 $-19,794 +0.7%
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
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TREASURER AND ACTING PRESIDENT N/A
Director
$0 $0 $0
N/A PRESIDENT N/A
Director
$0 $0 $0
N/A MEMBER N/A
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
2021 $33,854 $67,218 $227,193 $-33,364
2020 $33,777 $53,571 $253,583 $-19,794
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