MELROSE VILLA HERMOSA HOUSING DEVELOPMENT FUND COMPANY INC (EIN 133501749) - 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

2004

Legal Domicile

Principal Officer

REV BERTRAM BENNETT

Phone

7186652747

Tax Period

2024-01-01 to 2024-12-31

MELROSE VILLA HERMOSA HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2004, is a community nonprofit that reported $6.0M in total revenue in fiscal year 2024. Revenue surged 480% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.7M, a strong 78% operating margin.

Mission

PROVIDE LOW-INCOME HOUSING FOR THE ELDERLY AND THE DISABLED

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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 $0

Program Service Revenue $821,296

Investment Income $5,186,299

Other Revenue $0

TOTAL REVENUE $6,007,595

Expense Breakdown

Grants Paid $0

Salaries & Benefits $163,943

Fundraising Expenses $0

Program Expenses $1,041,349

Other Expenses $1,131,146

TOTAL EXPENSES $1,295,089

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,007,595	$1,036,108	+4.8%
Expenses	$1,295,089	$1,493,088	-0.1%
Net Income	$4,712,506	$-456,980	-11.3%

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

Employees

Volunteers

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
REV BERTRAM BENNETT	PRESIDENT	15.00	Officer Director	$0	$0	$0
GLORIA ALSTON	VICE PRESIDE	6.00	Officer Director	$0	$0	$0
JAMES FRANCIS	SECRETARY	6.00	Officer Director	$0	$0	$0
DANNY TORRES	TREASURER	6.00	Officer Director	$0	$0	$0
REV GETULIO CRUZ JR	BOARD MEMBER	4.00	Director	$0	$0	$0
JOANNE KENNEDY	BOARD MEMBER	4.00	Director	$0	$0	$0
MARYLYN ORTIZ	BOARD MEMBER	4.00	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	$6,007,595	$1,295,089	$1,103,256	$4,712,506
2023	$1,036,108	$1,493,088	$6,377,154	$-456,980
2022	$1,023,446	$1,483,104	$6,760,969	$-459,658
2021	$1,025,552	$1,253,820	$7,115,357	$-228,268
2020	$1,063,890	$1,276,244	$7,331,361	$-212,354
2019	$999,154	$1,167,740	$7,603,222	$-168,586
2018	$894,391	$1,158,389	$7,932,584	$-263,998

MELROSE VILLA HERMOSA HOUSING DEVELOPMENT FUND COMPANY INC