JENKS MILL HOUSING CORPORATION (EIN 061477231) - 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

1997

Legal Domicile

Principal Officer

ED MULHOLLAND

Phone

4013342802

Tax Period

2024-04-01 to 2025-03-31

JENKS MILL HOUSING CORPORATION, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $536K in total revenue in fiscal year 2024. Expenses of $697K exceeded revenue, resulting in a 30% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING BY OWNING AND OPERATING A 62 UNIT APARTMENT COMPLEX IN CUMBERLAND, RI FOR THE ELDERLY AND DISABLED.

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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 $179,351

Program Service Revenue $352,583

Investment Income $3,743

Other Revenue $0

TOTAL REVENUE $535,677

Expense Breakdown

Grants Paid $0

Salaries & Benefits $120,674

Fundraising Expenses $0

Program Expenses $614,611

Other Expenses $576,283

TOTAL EXPENSES $696,957

Year-over-Year Comparison

	2024	2023	Change
Revenue	$535,677	$529,427	+0.0%
Expenses	$696,957	$621,919	+0.1%
Net Income	$-161,280	$-92,492	+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
EDWARD MULHOLLAND	DIRECTOR	0.50	Director	$0	$0	$0
ESTHER LAVALLEE	DIRECTOR	0.50	Director	$0	$0	$0
JOHN MACQUEEN JR	DIRECTOR	0.50	Director	$0	$0	$0
KENNETH ANDERSON	DIRECTOR	0.50	Director	$0	$0	$0
JOANNE BUTTIE	DIRECTOR	0.50	Director	$0	$0	$0
RICHARD BESSETT	DIRECTOR	0.50	Director	$0	$0	$0
JOSEPH LAMAGNA	CHAIR/TREAS	0.50	Officer	$0	$0	$0
RICHARD HILTON	VCHAIR/SEC	0.50	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	$535,677	$696,957	$2,382,397	$-161,280
2024	$529,427	$621,920	$2,500,571	$-92,493
2023	$541,631	$606,962	$2,603,770	$-65,331
2022	$387,510	$556,430	$2,715,322	$-168,920
2020	$395,393	$554,496	$2,978,695	$-159,103
2019	$393,530	$498,920	$3,140,551	$-105,390

JENKS MILL HOUSING CORPORATION