MAC HOUSING DEVELOPMENT FUND CO INC (EIN 161521569) - 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

1997

Legal Domicile

Principal Officer

MOLLY MCKEE

Phone

5184835934

Tax Period

2024-10-01 to 2025-09-30

MAC HOUSING DEVELOPMENT FUND CO INC, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $202K in total revenue in fiscal year 2024. Expenses of $249K exceeded revenue, resulting in a 23% operating deficit.

Mission

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $198,872

Investment Income $6

Other Revenue $2,890

TOTAL REVENUE $201,768

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,927

Fundraising Expenses $0

Program Expenses $190,568

Other Expenses $198,243

TOTAL EXPENSES $249,170

Year-over-Year Comparison

	2024	2023	Change
Revenue	$201,768	$205,642	0.0%
Expenses	$249,170	$213,123	+0.2%
Net Income	$-47,402	$-7,481	+5.3%

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
MOLLY MCKEE	PRESIDENT	1.00	Officer Director	$0	$0	$0
CYNTHIA SOPER	SECRETARY	1.00	Officer Director	$0	$0	$0
BARBARA JONES	TREASURER	1.00	Officer Director	$0	$0	$0
PATRICK BARBER	DIRECTOR	1.00	Director	$0	$0	$0
GREG DUMAS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT YOUNG	DIRECTOR	1.00	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
2025	$201,768	$249,170	$830,681	$-47,402
2024	$205,642	$213,123	$967,008	$-7,481
2024	$205,642	$218,292	$968,389	$-12,650
2023	$207,907	$210,846	$925,687	$-2,939
2023	$207,907	$204,254	$921,766	$3,653
2022	$209,452	$224,838	$881,595	$-15,386
2021	$203,704	$230,631	$888,352	$-26,927
2020	$197,171	$192,599	$912,639	$4,572
2019	$176,533	$221,804	$931,170	$-45,271
2018	$171,852	$209,514	$951,418	$-37,662

MAC HOUSING DEVELOPMENT FUND CO INC