MBD COMMUNITY HOUSING COPORATION

EIN: 133023179 501(c)(3)

BRONX, NY

Total Revenue
$5,418,639
Total Expenses
$2,425,325
Total Assets
$31,366,698
Net Assets
$29,534,112
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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
NY
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

TO IMPROVE THE QUALITY OF LIFE BY PROVIDING EXEMPLARY SERVICES TO ITS COMMUNITY THROUGH HOUSING DEVELOPMENT, PROPERTY MANAGEMENT, ECONOMIC DEVELOPMENT AND DELIVERY FOR HUMAN SERVICES THROUGH CREATIVE DEVELOPMENT AND UTILIZATION OF RESOUCES BY QUALIFIED PERSONNEL.

Program Service Accomplishments

Program 1
Expenses: $1,567,677 Revenue: $4,929,757

AFFORDABLE HOUSING PROGRAM - PROVIDE LOW AND MODERATE INCOME HOUSING BY UPGRADING DETERIORATED NEIGHBORHOODS.

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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%)

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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

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Governance

Voting Members
6
Independent Members
6
Employees
19
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
5
$566,037
Total Directors
7
$566,037
Key Employees
0
$0
Highest Compensated
0
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
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