MOUNT OLIVET HOUSING DEVELOPMENT FUND COMPANY INC (EIN 133652992) - 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

1991

Legal Domicile

Principal Officer

ANTHONY ELCOCK

Phone

9145239909

Tax Period

2024-01-01 to 2024-12-31

MOUNT OLIVET HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1991, is a micro nonprofit in the Housing & Shelter sector that reported $44K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $60K exceeded revenue, resulting in a 36% operating deficit.

Mission

HOUSING FOR THE HOMELESS

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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 $41,245

Investment Income $2,961

Other Revenue $0

TOTAL REVENUE $44,206

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $59,959

Other Expenses $59,959

TOTAL EXPENSES $59,959

Year-over-Year Comparison

	2024	2023	Change
Revenue	$44,206	$61,372	-0.3%
Expenses	$59,959	$51,454	+0.2%
Net Income	$-15,753	$9,918	-2.6%

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

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
JOY CAIN	SECRETARY	N/A	Officer	$0	$0	$0
MELVIN CUMMINGS	TREASURER	N/A	Officer	$0	$0	$0
ANTHONY ELCOCK	PRESIDENT	N/A	Officer	$0	$0	$0
JAMES OVERBY	MEMBER	N/A	Officer	$0	$0	$0
EMELINE SAXTON	MEMBER	N/A	Officer	$0	$0	$0
IDA WIGGINS	MEMBER	N/A	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	$44,206	$59,959	$184,169	$-15,753
2023	$61,372	$51,454	$206,321	$9,918
2022	$72,505	$81,187	$202,351	$-8,682
2021	$50,042	$31,273	$216,525	$18,769
2020	$50,910	$52,424	$203,561	$-1,514
2019	$49,644	$70,411	$176,500	$-20,767
2018	$51,320	$55,322	$197,144	$-4,002

MOUNT OLIVET HOUSING DEVELOPMENT FUND COMPANY INC