MILLTWEE HOUSING DEVELOPMENT FUND CO INC (EIN 133124888) - 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

1989

Principal Officer

DERRICK TAITT

Phone

6466721503

Tax Period

2023-10-01 to 2024-09-30

MILLTWEE HOUSING DEVELOPMENT FUND CO INC, founded in 1989, is a small nonprofit in the Housing & Shelter sector that reported $910K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $1.3M exceeded revenue, resulting in a 39% operating deficit.

Mission

PROVIDING HOUSING TO ELDERLY AND HANDICAPPED FAMILIES.

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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 $904,826

Investment Income $744

Other Revenue $4,837

TOTAL REVENUE $910,407

Expense Breakdown

Grants Paid $0

Salaries & Benefits $157,716

Fundraising Expenses $0

Program Expenses $1,141,054

Other Expenses $1,104,085

TOTAL EXPENSES $1,261,801

Year-over-Year Comparison

	2023	2022	Change
Revenue	$910,407	$961,317	-0.1%
Expenses	$1,261,801	$1,255,190	+0.0%
Net Income	$-351,394	$-293,873	+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
PATRICIA ANDREWS	SECRETARY	0.50	Officer Director	$0	$0	$0
BEVERLY PABON	TREASURER	0.50	Officer Director	$0	$0	$0
DIANA SPANN	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
DERRICK TAITT	PRESDENT	0.50	Officer 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	$910,407	$1,261,801	$3,266,579	$-351,394
2023	$962,317	$1,254,150	$3,495,515	$-291,833
2022	$1,010,844	$1,244,438	$3,743,254	$-233,594
2021	$1,102,072	$1,179,054	$3,784,136	$-76,982
2020	$1,006,579	$1,242,881	$4,001,016	$-236,302
2019	$1,006,884	$1,103,348	$3,977,783	$-96,464
2018	$1,009,443	$1,241,453	$4,135,962	$-232,010

MILLTWEE HOUSING DEVELOPMENT FUND CO INC