MUHLENBERG COMMUNITY HOUSING DEVEL… - Form 990 Financial Data

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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

1995

Legal Domicile

Principal Officer

DAMYN KELLY

Phone

2128701132

Tax Period

2022-07-01 to 2023-06-30

MUHLENBERG COMMUNITY HOUSING DEVELOPMENT FUND CORPORATION, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $5.2M in total revenue in fiscal year 2022. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $6.0M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO OPERATE AND LEASE LOW INCOME, SUPPORTIVE HOUSING FOR THE MENTALLY ILL AND CHRONICALLY HOMELESS.

Program Service Accomplishments

Program 1

Expenses: $4,434,638 Revenue: $1,425,739

PROVIDES SUPPORTIVE HOUSING PROGRAMS FOR MENTALLY ILL RESIDENTS IN BROOKLYN, NEW YORK INCLUDING 201 RESIDENTIAL UNITS. SERVICES INCLUDE INDIVIDUAL ADVOCACY, COUNSELING, FINANCIAL AWARENESS AND SELF...

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,745,034

Program Service Revenue $1,425,739

Investment Income $13,525

Other Revenue $4,734

TOTAL REVENUE $5,189,032

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,175,239

Fundraising Expenses $0

Program Expenses $4,434,638

Other Expenses $3,859,023

TOTAL EXPENSES $6,034,262

Year-over-Year Comparison

	2022	2021	Change
Revenue	$5,189,032	$4,524,127	+0.1%
Expenses	$6,034,262	$4,690,724	+0.3%
Net Income	$-845,230	$-166,597	+4.1%

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

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

$745,080

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARRISON OELLRICH	CHAIR	0.10	Officer Director	$0	$0	$0
RACHEL COHEN	VICE CHAIR	0.10	Officer Director	$0	$0	$0
ROBIN ROBIN	SECRETARY	0.10	Officer Director	$0	$0	$0
STEVEN JONES	TREASURER	0.10	Officer Director	$0	$0	$0
ANDIS AKERFELDS	BOARD DIRECTOR	0.10	Director	$0	$0	$0
LAURA BAUER	BOARD DIRECTOR	0.10	Director	$0	$0	$0
TWILA EVANSON	BOARD DIRECTOR	0.10	Director	$0	$0	$0
DARYL GOODWIN	BOARD DIRECTOR	0.10	Director	$0	$0	$0
LOIS JENKINS	BOARD DIRECTOR	0.10	Director	$0	$0	$0
MARVA JENKINS	BOARD DIRECTOR	0.10	Director	$0	$0	$0
BARBARA JOHNSON	BOARD DIRECTOR	0.10	Director	$0	$0	$0
REBECCA JOHNSON	BOARD DIRECTOR	0.10	Director	$0	$0	$0
GEORGES RAMALANJAONA	BOARD DIRECTOR	0.10	Director	$0	$0	$0
PAUL SAUERACKER	BOARD DIRECTOR	0.10	Director	$0	$0	$0
JENNIFER SMITH	BOARD DIRECTOR	0.10	Director	$0	$0	$0
DARREL UPSON	BOARD DIRECTOR	0.10	Director	$0	$0	$0
SAMANTHA WILLIAMS	BOARD DIRECTOR	0.10	Director	$0	$0	$0
KERRON NORMAN	CPO	5.00	Officer	$0	$18,931	$220,712
DAMYN KELLY	PRESIDENT & CEO	5.00	Officer	$0	$22,917	$310,531
RINKU BHATTACHARYA	CFO	5.00	Officer	$0	$20,525	$213,837
RACHEL BLEECKER	EXECUTIVE DIRECTOR, RESIDENTIAL SERVICES	35.00	Highest	$145,113	$11,648	$156,761
NICOLE RUSSO	ASSISTANT EXECUTIVE DIRECTOR	35.00	Highest	$100,026	$10,727	$110,753

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$5,189,032	$6,034,262	$14,182,204	$-845,230
2022	$4,524,127	$4,690,724	$13,115,267	$-166,597
2021	$3,873,664	$5,276,499	$13,246,264	$-1,402,835
2020	$4,172,152	$4,788,540	$14,222,043	$-616,388
2019	$3,826,761	$4,195,524	$13,775,972	$-368,763
2018	$3,407,595	$3,716,171	$14,048,186	$-308,576

MUHLENBERG COMMUNITY HOUSING DEVELOPMENT FUND CORPORATION