LORETTO APARTMENTS HOUSING DEVELOPMENT FUND COMPANY INC (MALTA HOUSE APARTMEN (EIN 161496955) - 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

1996

Legal Domicile

Principal Officer

KIMBERLY GRUNINGER

Phone

3154241821

Tax Period

2024-01-01 to 2024-12-31

LORETTO APARTMENTS HOUSING DEVELOPMENT FUND COMPANY INC (MALTA HOUSE APARTMEN, founded in 1996, is a small nonprofit that reported $351K in total revenue in fiscal year 2024. Expenses of $472K exceeded revenue, resulting in a 34% operating deficit.

Mission

LOW INCOME HOUSING PROJECT.

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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 $344,884

Investment Income $2,108

Other Revenue $3,950

TOTAL REVENUE $350,942

Expense Breakdown

Grants Paid $0

Salaries & Benefits $58,217

Fundraising Expenses $0

Program Expenses $391,461

Other Expenses $413,683

TOTAL EXPENSES $471,900

Year-over-Year Comparison

	2024	2023	Change
Revenue	$350,942	$358,453	0.0%
Expenses	$471,900	$474,834	0.0%
Net Income	$-120,958	$-116,381	+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

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

$637,588

Total Directors

$941,434

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM TOWNSEND	CHAIRPERSON	1.00	Officer Director	$0	$27,907	$637,588
JOHN MURRAY	MEMBER	1.00	Director	$0	$4,333	$303,846
SISTER LINDA ANN PALMISANO	MEMBER	1.00	Director	$0	$0	$0
SISTER JANE BOURNE	MEMBER	1.00	Director	$0	$0	$0
JOHN BRENNAN	SECRETARY	1.00	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	$350,942	$471,900	$1,541,814	$-120,958
2023	$358,453	$474,834	$1,594,782	$-116,381
2022	$343,289	$472,813	$1,710,422	$-129,524
2021	$339,901	$420,804	$1,843,722	$-80,903
2020	$336,987	$429,926	$1,910,703	$-92,939
2019	$330,488	$418,225	$2,014,000	$-87,737
2018	$335,872	$398,962	$2,084,235	$-63,090

LORETTO APARTMENTS HOUSING DEVELOPMENT FUND COMPANY INC (MALTA HOUSE APARTMEN