MINFORD GARDENS HOUSING DEVELOPMENT FUND COMPANY INC (EIN 133705921) - 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

1993

Legal Domicile

Principal Officer

DERRICK LOVETT

Phone

7188420256

Tax Period

2023-01-01 to 2023-12-31

MINFORD GARDENS HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1993, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2023. The organization ran a surplus of $211K, a strong 16% operating margin.

Mission

PROVIDING LOW INCOME HOUSING.

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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 $1,337,971

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,337,971

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,467

Fundraising Expenses $0

Program Expenses $1,053,857

Other Expenses $1,054,389

TOTAL EXPENSES $1,126,856

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,337,971	$1,299,366	+0.0%
Expenses	$1,126,856	$1,111,394	+0.0%
Net Income	$211,115	$187,972	+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

$462,208

Total Directors

$291,120

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
APRIL HORTON	TREASURER	0.10	Officer Director	$0	$0	$0
CARMEN SILVA	DIRECTOR	0.10	Director	$0	$0	$0
DERRICK LOVETT	PRESIDENT/CEO	0.10	Officer Director	$0	$19,800	$291,120
FLORENCE BLANCHARD	DIRECTOR	0.10	Director	$0	$0	$0
PHYLLIS WILLIAMS	SECRETARY	0.10	Officer Director	$0	$0	$0
LANDON DAIS	DIRECTOR	0.10	Director	$0	$0	$0
KENNETH MORRISON	DIRECTOR	0.10	Director	$0	$0	$0
LINDA SARGEANT	DIRECTOR	0.10	Director	$0	$0	$0
WALLACE MOBLEY	BOARD CHAIR	0.10	Officer	$0	$0	$0
RUBRIA M RODRIGUEZ	FISCAL ADMINISTRATOR	0.10	Officer	$0	$4,213	$171,088

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	No data	No data	No data	No data
2023	$1,337,971	$1,126,856	$4,142,399	$211,115
2022	$1,299,366	$1,111,394	$4,127,642	$187,972
2021	$933,196	$893,120	$3,701,640	$40,076
2020	$930,152	$885,818	$3,694,261	$44,334
2019	$482,824	$780,680	$3,991,788	$-297,856
2018	$513,800	$700,205	$4,157,431	$-186,405

MINFORD GARDENS HOUSING DEVELOPMENT FUND COMPANY INC