ST MARY'S MANOR FOR SENIOR CITIZEN HOUSING DEVELOPMENT FUND CO INC (EIN 112565791) - 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

1983

Legal Domicile

Principal Officer

RICHARD BALCOM

Phone

5167337032

Tax Period

2023-10-01 to 2024-09-30

ST MARY'S MANOR FOR SENIOR CITIZEN HOUSING DEVELOPMENT FUND CO INC, founded in 1983, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2023. The organization ran a surplus of $1.9M, a strong 45% operating margin.

Mission

THE ORGANIZATION OWNS & OPERATES A SECTION 202 HUD MULTFIFAMILY PROJECT FOR THE ELDERLY.

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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 $26,282

Program Service Revenue $3,824,570

Investment Income $395,749

Other Revenue $3,390

TOTAL REVENUE $4,249,991

Expense Breakdown

Grants Paid $0

Salaries & Benefits $335,296

Fundraising Expenses $0

Program Expenses $1,977,931

Other Expenses $2,018,426

TOTAL EXPENSES $2,353,722

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,249,991	$3,984,907	+0.1%
Expenses	$2,353,722	$2,400,662	0.0%
Net Income	$1,896,269	$1,584,245	+0.2%

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
MICHAEL SMITH	PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD BALCOM	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT J AHLSTROM JR	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM G CHAPIN	TRUSTEE	1.00	Director	$0	$0	$0
MARYANNE FITZGERALD	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN PIETROWSKI	TRUSTEE	1.00	Director	$0	$0	$0
GARY CREGAN	TRUSTEE	1.00	Director	$0	$0	$0
JESUS VALDES	TRUSTEE	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
2024	$4,249,991	$2,353,722	$13,011,260	$1,896,269
2023	$3,984,907	$2,400,662	$11,728,761	$1,584,245
2022	$3,396,476	$2,365,713	$10,621,049	$1,030,763
2021	$3,071,860	$2,265,685	$10,254,887	$806,175
2020	$3,129,806	$2,267,691	$9,851,921	$862,115
2019	$3,233,820	$2,267,063	$9,527,259	$966,757
2018	$3,199,959	$2,239,709	$8,983,612	$960,250

ST MARY'S MANOR FOR SENIOR CITIZEN HOUSING DEVELOPMENT FUND CO INC