MBD COMMUNITY HOUSING COPORATION (EIN 133023179) - 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

1975

Legal Domicile

Principal Officer

DERRICK LOVETT

Phone

7188420256

Tax Period

2024-01-01 to 2024-12-31

MBD COMMUNITY HOUSING COPORATION, founded in 1975, is a community nonprofit that reported $5.4M in total revenue in fiscal year 2024. The organization ran a surplus of $3.0M, a strong 55% operating margin.

Mission

DEVELOPMENT, PROPERTY MANAGEMENT, ECONOMIC, DEVELOPMENT AND DELIVERY FOR HUMAN SERVICES THROUGH CREATIVE DEVELOPMENT AND UTILIZATION OF RESOURCES BY QUALIFIED PERSONNEL.

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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 $129,724

Program Service Revenue $4,929,757

Investment Income $298,939

Other Revenue $60,219

TOTAL REVENUE $5,418,639

Expense Breakdown

Grants Paid $43,397

Salaries & Benefits $1,317,797

Fundraising Expenses $0

Program Expenses $1,567,677

Other Expenses $894,788

TOTAL EXPENSES $2,425,325

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,418,639	$5,121,582	+0.1%
Expenses	$2,425,325	$2,379,820	+0.0%
Net Income	$2,993,314	$2,741,762	+0.1%

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

$566,037

Total Directors

$566,037

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WALLACE MOBLEY	TREASURER	60.00	Officer Director	$0	$0	$0
DERRICK LOVETT	NON-VOTING MEMBER	30.00	Officer Director	$311,965	$52,338	$364,303
PHILLIS WILLIAMS	SECRETARY	20.00	Officer Director	$0	$0	$0
WALLACE MOBLEY	BOARD CHAIR	20.00	Officer Director	$0	$0	$0
LINDA SARGENT	BOARD MEMBER	20.00	Director	$0	$0	$0
KENNETHE MORRISON	BOARD MEMBER	40.00	Director	$0	$0	$0
RUBRIA RODRIGUEZ	ADMINISTRATOR	20.00	Officer Director	$183,370	$18,364	$201,734

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	$5,418,639	$2,425,325	$31,366,698	$2,993,314
2023	$5,121,582	$2,379,820	$28,075,979	$2,741,762
2022	$3,845,818	$2,409,703	$24,519,771	$1,436,115
2021	$7,369,190	$2,788,915	$18,772,844	$4,580,275
2020	$1,815,004	$4,562,518	$14,284,155	$-2,747,514
2019	$3,660,005	$4,954,534	$17,655,094	$-1,294,529
2018	$3,814,693	$3,766,110	$10,451,473	$48,583

MBD COMMUNITY HOUSING COPORATION