FONTBONNE MANOR HOUSING DEVELOPMENT FUND COMPANY INC (EIN 141813116) - 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

1999

Legal Domicile

Principal Officer

NOEL OLSEN

Phone

5184590183

Tax Period

2024-01-01 to 2024-12-31

FONTBONNE MANOR HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1999, is a small nonprofit that reported $318K in total revenue in fiscal year 2024. Expenses of $361K exceeded revenue, resulting in a 13% operating deficit.

Mission

LOW-INCOME HOUSING FOR THE ELDERLY

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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 $100,558

Program Service Revenue $211,152

Investment Income $2,226

Other Revenue $4,484

TOTAL REVENUE $318,420

Expense Breakdown

Grants Paid $0

Salaries & Benefits $100,319

Fundraising Expenses $0

Program Expenses $216,698

Other Expenses $261,030

TOTAL EXPENSES $361,349

Year-over-Year Comparison

	2024	2023	Change
Revenue	$318,420	$302,101	+0.1%
Expenses	$361,349	$345,422	+0.0%
Net Income	$-42,929	$-43,321	0.0%

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

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
REV LEO MARKERT	MEMBER	1.00	Director	$0	$0	$0
JAMES EARLY	MEMBER	1.00	Director	$0	$0	$0
NOEL OLSEN	PRESIDENT	1.00	Officer	$0	$0	$0
MARY OLSEN	VP/ SECRETARY	1.00	Officer	$0	$0	$0
KATHERINE TRUDEAU	TREASURER	1.00	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	$318,420	$361,349	$1,352,502	$-42,929
2023	$302,101	$345,422	$1,383,855	$-43,321
2022	$287,439	$360,544	$1,415,606	$-73,105
2021	$287,022	$345,426	$1,490,124	$-58,404
2020	$293,826	$362,876	$1,549,373	$-69,050
2019	$274,236	$369,336	$1,612,097	$-95,100
2018	$260,208	$340,236	$1,722,992	$-80,028

FONTBONNE MANOR HOUSING DEVELOPMENT FUND COMPANY INC