MIDWOOD DEVELOPMENT CORP (EIN 112420752) - 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

1976

Legal Domicile

Principal Officer

ALAN J DUBROW

Phone

7183760999

Tax Period

2024-07-01 to 2025-06-30

MIDWOOD DEVELOPMENT CORP, founded in 1976, is a small nonprofit in the Community Improvement sector that reported $470K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $455K left a modest 3% surplus.

Mission

MDC'S MISSION IS TO ENHANCE AND IMPROVE OUR COMMUNITY BY PROVIDING A RANGE OF SERVICES INCLUDING EDUCATIONAL AND RECREATIONAL SERVICES FOR YOUTH AND HOUSING COUNSELING, WHILE FOSTERING AN INCLUSIVE AND VIBRANT COMMERCIAL DISTRICT.

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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 $131,989

Program Service Revenue $334,620

Investment Income $3,606

Other Revenue $0

TOTAL REVENUE $470,215

Expense Breakdown

Grants Paid $0

Salaries & Benefits $268,884

Fundraising Expenses $0

Program Expenses $433,279

Other Expenses $186,377

TOTAL EXPENSES $455,261

Year-over-Year Comparison

	2024	2023	Change
Revenue	$470,215	$434,020	+0.1%
Expenses	$455,261	$459,710	0.0%
Net Income	$14,954	$-25,690	-1.6%

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

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
SHELLY EISENHART	CHAIR	1.00	Officer Director	$0	$0	$0
ALLEN SCHAEFFER	DIRECTOR	0.25	Director	$0	$0	$0
ELAINE T MOSS	DIRECTOR	0.25	Director	$0	$0	$0
HARRY SCHIFFMAN LMSW	DIRECTOR	0.25	Director	$0	$0	$0
ALAN J DUBROW	PRESIDENT	15.00	Officer Director	$0	$0	$0
STEVEN COHEN	DIRECTOR	0.25	Director	$0	$0	$0
MARC KATZNELSON	VICE PRESIDENT & SECRETARY	1.00	Officer Director	$0	$0	$0
SANDRA RODOLICOS	DIRECTOR	0.25	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	$470,215	$455,261	$270,940	$14,954
2024	$434,020	$459,710	$254,463	$-25,690
2023	$399,528	$533,901	$281,928	$-134,373
2022	$1,432,815	$1,132,986	$447,164	$299,829
2021	$1,075,760	$971,607	$398,666	$104,153
2020	$1,143,204	$1,171,208	$231,698	$-28,004
2019	$1,358,133	$1,244,221	$150,312	$113,912
2018	$1,329,613	$1,440,750	$115,852	$-111,137

MIDWOOD DEVELOPMENT CORP