FREDERICK COURT DEVELOPMENT (EIN 043575600) - 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

2001

Legal Domicile

Principal Officer

RALPH MAROTTI

Phone

5088965510

Tax Period

2023-07-01 to 2024-06-30

FREDERICK COURT DEVELOPMENT, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $332K in total revenue in fiscal year 2023. Expenses of $369K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE PURPOSE OF FREDERICK COURT DEVELOPMENT IS TO DEVELOP,CONSTRUCT AND OPERATE TWENTY FOUR (24) UNITS OF AFFORDABLE HOUSING FOR ELDERLY AND HANDICAPPED INDIVIDUALS LOCATED IN BREWSTER, MA.

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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 $181,802

Program Service Revenue $144,575

Investment Income $2,370

Other Revenue $3,124

TOTAL REVENUE $331,871

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $259,616

Other Expenses $368,623

TOTAL EXPENSES $368,623

Year-over-Year Comparison

	2023	2022	Change
Revenue	$331,871	$322,830	+0.0%
Expenses	$368,623	$344,888	+0.1%
Net Income	$-36,752	$-22,058	+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

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
RALPH MAROTTI	PRESIDENT	4.00	Officer Director	$0	$0	$0
PAUL RUCHINSKAS	VICE CHAIR	4.00	Officer Director	$0	$0	$0
ROBERT TOBIAS	TREASURER	4.00	Officer Director	$0	$0	$0
SHARON MAROTTI	CLERK	4.00	Officer Director	$0	$0	$0
JUDITH ZIMMERMAN	BOARD MEMBER	2.00	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
2025	No data	No data	No data	No data
2024	$331,871	$368,623	$2,349,827	$-36,752
2023	$322,830	$344,888	$2,372,352	$-22,058
2022	$279,157	$331,396	$2,404,105	$-52,239
2021	$258,339	$333,877	$2,428,273	$-75,538
2020	$257,631	$308,846	$2,508,407	$-51,215
2019	$253,074	$314,717	$2,553,791	$-61,643

FREDERICK COURT DEVELOPMENT