MALTA HOUSE 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

2001

Legal Domicile

Principal Officer

MARY KULHANEK

Phone

2038570088

Tax Period

2023-07-01 to 2024-06-30

MALTA HOUSE INC, founded in 2001, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $1.8M exceeded revenue, resulting in a 19% operating deficit.

Mission

BASED ON THE SOCIAL TEACHINGS AND TRADITIONS OF THE CATHOLIC CHURCH, WE PROMOTE THE DIGNITY OF GOD-GIVEN LIFE IN SERVING HOMELESS PREGNANT AND PARENTING YOUNG WOMEN AND THEIR CHILDREN, OF ALL FAITHS, BEGINNING WITH A SAFE NURTURING HOME ENVIRONMENT. OUR RESIDENCE CAN HOUSE UP TO 15 WOMEN AND 18 CHILDREN AT ONE TIME. THROUGH OUR INTEGRATIVE FORMATIONAL PROGRAM OF SERVICES AND EDUCATIONAL OPPORTUNITIES, WE SUPPORT EACH FAMILY IN DEVELOPING SOCIALLY, INTELLECTUALLY, PHYSICALLY, ECONOMICALLY, EMOTIONALLY AND SPIRITUALLY SO THAT THEY GAIN SELF-CONFIDENCE, SELF-RESPECT, SELF- SUFFICIENCY, AND INDEPENDENT-LIVING SKILLS AS NEW PARENTS.

Program Service Accomplishments

Program 1

Expenses: $1,301,284 Revenue: $6,875

RESIDENTIAL PROGRAM: IN FISCAL YEAR 2023-2024, MALTA HOUSE SERVED 29 WOMEN AND 27BABIES WITH HOUSING, CHILDCARE, CLOTHING, FOOD, AND BABY SUPPLIES. IN ADDITION, WE PROVIDED SUPPORT FOR SOCIAL...

RESIDENTIAL PROGRAM: IN FISCAL YEAR 2023-2024, MALTA HOUSE SERVED 29 WOMEN AND 27BABIES WITH HOUSING, CHILDCARE, CLOTHING, FOOD, AND BABY SUPPLIES. IN ADDITION, WE PROVIDED SUPPORT FOR SOCIAL SERVICES, SUPPORT FOR EMPLOYMENT AND EDUCATIONAL PLACEMENT, AND HEALTHCARE ADVOCACY. EACH RESIDENT PARTICIPATED IN OUR INTEGRATIVE FORMATIONAL PROGRAM THAT PROVIDES IN-HOUSE EDUCATIONAL OPPORTUNITIES IN: PERSONAL AND LIFE SKILLS; WORKSPLACE PREPARATION; PARENTING AND CHILD DEVELOPMENT; AND HEALTH AND WELLNESS. WE ALSO OFFER IN-HOUSE INDIVIDUAL MENTORING, PASTORAL CARE, AND COUNSELING SERVICES. FINANCIAL SCHOLARSHIPS FOR COMPLETION OF A TRADE OR COMMUNITY COLLEGE CERTIFICATE PROGRAMS WERE AVAILABLE. UPON GRADUATION, RESIDENTS ARE MORE COMPETENT TO LIVE INDEPENDENTLY AS NEW PARENTS.

Program 2

Expenses: $59,150

GRADUATE PROGRAM: IN FISCAL YEAR 2023-2024, MALTA HOUSE PROVIDED 29 FORMER RESIDENTS WITH ONGOING SUPPORT FOR SOCIAL SERVICES, AND HEALTH HEALTH AND LEGAL ADVOCACY, IN ADDITION TO FINANCIAL...

GRADUATE PROGRAM: IN FISCAL YEAR 2023-2024, MALTA HOUSE PROVIDED 29 FORMER RESIDENTS WITH ONGOING SUPPORT FOR SOCIAL SERVICES, AND HEALTH HEALTH AND LEGAL ADVOCACY, IN ADDITION TO FINANCIAL ASSISTANCE FOR HOUSING, CHILDCARE , AND EDUCATIONAL OPPORTUNITIES. ALL FORMER RESIDENTS ARE WELCOME TO PARTICIPATE IN ALL CLASSES PROVIDED IN HOUSE TO OUR RESIDENTS IN ADDITION TO COUNSELING AND PASTORLAL CARE SERVICES. OUR CLIENTS CONTINUED TO GROW IN CONFIDENCE, COMPETENCY, AND SELF-RELIANCE.

Program 3

Expenses: $118,302

COMMUNITY OUTREACH: IN FISCAL YEAR 2023-2024, MALTA HOUSE SERVED 207 NEEDY FAMILIES FROM THE SURROUNDING COMMUNITY FROM OUR BABY PANTRY THAT IS STOCKED WITH DONATION ITEMS. FAMILIES WERE OFFERED...

COMMUNITY OUTREACH: IN FISCAL YEAR 2023-2024, MALTA HOUSE SERVED 207 NEEDY FAMILIES FROM THE SURROUNDING COMMUNITY FROM OUR BABY PANTRY THAT IS STOCKED WITH DONATION ITEMS. FAMILIES WERE OFFERED EXCESS BABY FOOD, DIAPERS AND SUPPLIES.

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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 $1,631,079

Program Service Revenue $6,875

Investment Income $0

Other Revenue $-85,722

TOTAL REVENUE $1,552,232

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,088,944

Fundraising Expenses $172,382

Program Expenses $1,478,736

Other Expenses $757,789

TOTAL EXPENSES $1,846,733

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,552,232	$1,640,596	-0.1%
Expenses	$1,846,733	$2,178,523	-0.2%
Net Income	$-294,501	$-537,927	-0.5%

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

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

$124,581

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA KOEPPEL	EXECUTIVE DI	40.00	Officer	$124,581	$0	$124,581
ALEX RUSSO JULY 1- DEC 31 2023	DIRECTOR	1.00	Director	$0	$0	$0
MARINO PATRK JULY 1 - DEC 31 2023	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER BELL	DIRECTOR	1.00	Director	$0	$0	$0
OWEN CARRAGHER	DIRECTOR	1.00	Director	$0	$0	$0
MIKE CONSIDINE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JEANNE COUPE	SECRETARY	2.00	Officer Director	$0	$0	$0
FR JEFF COUTURE	DIRECTOR	1.00	Director	$0	$0	$0
PILAR CURIALE	DIRECTOR	1.00	Director	$0	$0	$0
RONALD DESOIZA	DIRECTOR	1.00	Director	$0	$0	$0
SAMANTHA DONOGHUE	DIRECTOR	1.00	Director	$0	$0	$0
KIERRA EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
SHARON FEIGHERY	DIRECTOR	1.00	Director	$0	$0	$0
ANNE GAGNON	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS HUSSEY	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL KRENICKI	TREASURER	5.00	Officer Director	$0	$0	$0
MARY KULHANEK	DIRECTOR	1.00	Director	$0	$0	$0
MARILYN LEBLANC	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL J O'ROURKE	DIRECTOR	3.00	Director	$0	$0	$0
KIMBERLEY PETRONE	CHAIR	10.00	Officer Director	$0	$0	$0
ERIN REGAN	DIRECTOR	1.00	Director	$0	$0	$0
JOANNE SALVATORE	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA SHILLING	DIRECTOR	1.00	Director	$0	$0	$0
KATE STIMPSON	DIRECTOR	1.00	Director	$0	$0	$0
MIKE YAO	DIRECTOR	1.00	Director	$0	$0	$0
MAGGIE YOUNG	DIRECTOR	1.00	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	$1,552,232	$1,846,733	$6,083,052	$-294,501
2023	$1,640,596	$2,178,523	$6,552,491	$-537,927
2022	$1,271,964	$1,621,339	$6,386,416	$-349,375
2021	$2,600,980	$1,315,505	$6,611,045	$1,285,475
2020	$4,435,698	$1,226,833	$5,417,970	$3,208,865
2019	$1,090,058	$1,266,762	$742,423	$-176,704
2018	$909,178	$994,642	$126,168	$-85,464