MRC HOUSING DEVELOPMENT FUND COMPANY INC (EIN 113289580) - 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

1995

Legal Domicile

Principal Officer

GREGORY COLIMON

Phone

8453682400

Tax Period

2023-01-01 to 2023-12-31

MRC HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1995, is a small nonprofit in the Housing & Shelter sector that reported $929K in total revenue in fiscal year 2023. Expenses of $1.1M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE LOW INCOME HOUSING TO SENIOR AND DISABLED PEOPLE.

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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 $927,960

Investment Income $828

Other Revenue $0

TOTAL REVENUE $928,788

Expense Breakdown

Grants Paid $0

Salaries & Benefits $152,475

Fundraising Expenses $0

Program Expenses $980,940

Other Expenses $906,369

TOTAL EXPENSES $1,058,844

Year-over-Year Comparison

	2023	2022	Change
Revenue	$928,788	$906,125	+0.0%
Expenses	$1,058,844	$1,081,665	0.0%
Net Income	$-130,056	$-175,540	-0.3%

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

N/A

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
ANTHONY MAMMINA	CHAIRMAN	0.50	Officer Director	$0	$0	$0
IVAN B HEYWARD	TREASURER	0.50	Officer Director	$0	$0	$0
DIANTHA M WILSON	SECRETARY	0.50	Officer Director	$0	$0	$0
CAROLINE FAULKNER	DIRECTOR	0.50	Director	$0	$0	$0
LYSCHEL WILKERSON	DIRECTOR	0.50	Director	$0	$0	$0
GREGORY COLIMON	EXECUTIVE DIRECTOR	2.00	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
2024	No data	No data	No data	No data
2023	$928,788	$1,058,844	$1,843,985	$-130,056
2022	$906,125	$1,081,665	$1,979,165	$-175,540
2021	$898,002	$888,083	$2,403,903	$9,919
2020	$901,318	$862,550	$2,414,254	$38,768
2019	$820,763	$785,556	$2,269,776	$35,207
2018	$794,471	$796,675	$2,171,012	$-2,204

MRC HOUSING DEVELOPMENT FUND COMPANY INC