St Monicas Development Corp Inc

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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

1987

Legal Domicile

Phone

8607948449

Tax Period

2024-01-01 to 2024-12-31

St Monicas Development Corp Inc, founded in 1987, is a small nonprofit in the Housing & Shelter sector that reported $108K in total revenue in fiscal year 2024. The organization ran a surplus of $51K, a strong 47% operating margin.

Mission

The organization maintains a piece of land in order to facilitate the availability of quality housing for the elderly and families with modest income.

Program Service Accomplishments

Program 1

Expenses: $57,388

SMDC collected reasonable HOA fees from the homeowners whose houses occupy land belonging to the SMDC. These fees were used to maintain and improve the land and facilities so the residents could...

SMDC collected reasonable HOA fees from the homeowners whose houses occupy land belonging to the SMDC. These fees were used to maintain and improve the land and facilities so the residents could afford to live in a safe and positive environment.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $47,686

Investment Income $60,449

Other Revenue $0

TOTAL REVENUE $108,135

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $57,388

Other Expenses $57,388

TOTAL EXPENSES $57,388

Year-over-Year Comparison

	2024	2023	Change
Revenue	$108,135	$102,286	+0.1%
Expenses	$57,388	$78,253	-0.3%
Net Income	$50,747	$24,033	+1.1%

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	Role	Reportable Comp	Other Comp	Total
Robert Lightfoot	Chairman	Officer	$0	$0	$0
Elaine Stewart	Secretary	Officer	$0	$0	$0
Joseph Noel	Treasurer	Officer	$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	$108,135	$57,388	$4,234,772	$50,747
2023	$102,286	$78,253	$4,098,090	$24,033
2022	$70,935	$88,353	$4,090,172	$-17,418
2021	$100,227	$48,829	$4,107,590	$51,398
2020	$85,178	$38,853	$4,056,192	$46,325
2019	$60,169	$48,407	$3,932,071	$11,762
2018	$6,453	$70,888	$3,920,309	$-64,435