MISAC CORPORATION C/O WHITE & KATZMAN MANAGEMENT

EIN: 060858160

EAST HARTFORD, CT

Total Revenue
$1,747,966
Total Expenses
$2,026,737
Total Assets
$3,141,697
Net Assets
$2,653,885
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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
1967
Legal Domicile
CT
Principal Officer
RICHARD GREY
Phone
8605273800
Tax Period
2023-05-01 to 2024-04-30

MISAC CORPORATION C/O WHITE & KATZMAN MANAGEMENT, founded in 1967, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $2.0M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE HOUSING TO QUALIFIED 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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,723,671
Investment Income $24,295
Other Revenue $0
TOTAL REVENUE $1,747,966

Expense Breakdown

Grants Paid $411,197
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,869,355
Other Expenses $1,615,540
TOTAL EXPENSES $2,026,737

Year-over-Year Comparison

2023 2022 Change
Revenue $1,747,966 $1,577,156 +0.1%
Expenses $2,026,737 $1,652,305 +0.2%
Net Income $-278,771 $-75,149 +2.7%
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
19
Independent Members
19
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
4
$0
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD GREY PRESIDENT & DIRECTOR 2.00
Officer Director
$0 $0 $0
MALCOLM BARLOW VP & DIRECTOR 2.00
Officer Director
$0 $0 $0
ROGER EDINGER SECRETARY & DIRECTOR 2.00
Officer Director
$0 $0 $0
CALVIN VINICK TREASURER & DIRECTOR 2.00
Officer Director
$0 $0 $0
ANNE CARR DIRECTOR 2.00
Director
$0 $0 $0
LEANNE MORGAN DIRECTOR 2.00
Director
$0 $0 $0
EVELYN DAHL DIRECTOR 2.00
Director
$0 $0 $0
SUSAN HOLMES DIRECTOR 2.00
Director
$0 $0 $0
ANDREW TYSKIEWICZ DIRECTOR 2.00
Director
$0 $0 $0
BRUCE PERRY DIRECTOR 2.00
Director
$0 $0 $0
JOY DORIN DIRECTOR 2.00
Director
$0 $0 $0
ANDREA BURR DIRECTOR 2.00
Director
$0 $0 $0
DEB GREHN DIRECTOR 2.00
Director
$0 $0 $0
JEFF KIEFT DIRECTOR 2.00
Director
$0 $0 $0
STAN MCMILLEN DIRECTOR 2.00
Director
$0 $0 $0
DEBBIE STREETER DIRECTOR 2.00
Director
$0 $0 $0
BILL MCCARTHY DIRECTOR 2.00
Director
$0 $0 $0
SUSAN STOPPELMAN DIRECTOR 2.00
Director
$0 $0 $0
SUSAN MENDELSOHN DIRECTOR 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 $1,747,966 $2,026,737 $3,141,697 $-278,771
2023 $1,577,156 $1,652,305 $3,248,794 $-75,149
2022 $1,486,857 $1,523,557 $3,333,567 $-36,700
2021 $1,534,914 $1,442,646 $3,402,528 $92,268
2020 $1,493,517 $1,538,458 $3,109,679 $-44,941
2019 $1,444,941 $1,517,887 $3,153,194 $-72,946
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