JACK KENNY MEMORIAL HOUSING DEV FUND CORP

EIN: 141557905 501(c)(3)

PLANTATION, FL

Total Revenue
$2,801,813
Total Expenses
$2,269,776
Total Assets
$195,270
Net Assets
$55,136
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
NY
Principal Officer
MELANIE RIBEIRO
Phone
9548359200
Tax Period
2023-01-01 to 2023-12-31

JACK KENNY MEMORIAL HOUSING DEV FUND CORP, founded in 1972, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2023. Revenue surged 267% from the prior year, signaling strong growth momentum. The organization ran a surplus of $532K, a strong 19% operating margin.

Mission

OPERATION OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED, REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

Program Service Accomplishments

Program 1
Expenses: $1,602,800 Revenue: $784,657

OPERATION OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED, REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $781,898
Investment Income $2,017,156
Other Revenue $2,759
TOTAL REVENUE $2,801,813

Expense Breakdown

Grants Paid $0
Salaries & Benefits $239,009
Fundraising Expenses $0
Program Expenses $1,602,800
Other Expenses $2,030,767
TOTAL EXPENSES $2,269,776

Year-over-Year Comparison

2023 2022 Change
Revenue $2,801,813 $764,279 +2.7%
Expenses $2,269,776 $830,880 +1.7%
Net Income $532,037 $-66,601 -9.0%
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

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Governance

Voting Members
8
Independent Members
6
Employees
3
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
4
$532,389
Total Directors
8
$532,389
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELANIE RIBEIRO DIRECTOR / V 0.70
Officer Director
$424,921 $107,468 $532,389
MARIA C CORDONE SECRETARY 0.30
Officer Director
$0 $0 $0
TONY FRANSETTA DIRECTOR 0.10
Director
$0 $0 $0
JOSEPH GIFFI DIRECTOR 0.10
Director
$0 $0 $0
WILLIAM HOLAYTER DIRECTOR 0.10
Director
$0 $0 $0
EDWARD ROMERO DIRECTOR 0.10
Director
$0 $0 $0
ERICA SCHMELZER TREASURER 0.40
Officer Director
$0 $0 $0
CHRISTOPHER M SHELTON PRESIDENT 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 No data No data No data No data
2023 $2,801,813 $2,269,776 $195,270 $532,037
2023 $2,801,813 $2,269,776 $195,270 $532,037
2022 $764,279 $830,880 $1,691,146 $-66,601
2021 $702,044 $722,451 $1,765,477 $-20,407
2020 $654,796 $653,074 $1,817,398 $1,722
2019 $507,124 $559,528 $1,070,885 $-52,404
2018 $479,518 $536,785 $350,262 $-57,267
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