PLAZA TERRACE MUTUAL HOUSING ASSOC… - Form 990 Financial Data

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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

1994

Legal Domicile

Principal Officer

CATHERINE MACKINNON

Phone

8602961797

Tax Period

2023-01-01 to 2023-12-31

PLAZA TERRACE MUTUAL HOUSING ASSOCIATION INC, founded in 1994, is a small nonprofit in the Community Improvement sector that reported $235K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Net assets of $684K represent 35 months of operating reserves.

Mission

PROVIDE AFFORDABLE HOUSING THROUGH THE USE OF 14 UNITS TO LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $217,699 Revenue: $235,382

PROVIDE AFFORDABLE HOUSING THROUGH THE USE OF 14 UNITS TO LOW AND MODERATE INCOME INDIVIDUALS AND 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 $232,297

Investment Income $36

Other Revenue $3,085

TOTAL REVENUE $235,418

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $217,699

Other Expenses $241,852

TOTAL EXPENSES $241,852

Year-over-Year Comparison

	2023	2022	Change
Revenue	$235,418	$208,066	+0.1%
Expenses	$241,852	$235,482	+0.0%
Net Income	$-6,434	$-27,416	-0.8%

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

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

$161,512

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMILY HULTQUIST	PRESIDENT	0.50	Officer Director	$0	$0	$0
MICHAEL LENKIEWICZ	TREASURER	0.50	Officer Director	$0	$0	$0
SHAWNETTE TAYLOR	SECRETARY	0.50	Officer Director	$0	$0	$0
CATHERINE MACKINNON	EXECUTIVE DIRECTOR	5.00	Officer	$0	$31,395	$161,512

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	$235,418	$241,852	$723,960	$-6,434
2022	$208,066	$235,482	$743,184	$-27,416
2021	$215,200	$235,362	$759,367	$-20,162
2020	$215,043	$195,428	$791,597	$19,615
2019	$199,580	$254,441	$754,121	$-54,861
2018	$199,193	$243,691	$802,090	$-44,498

PLAZA TERRACE MUTUAL HOUSING ASSOCIATION INC