LORETTO-MALTA MANOR HOUSING DEVELOPMENT FUND COMPANY INC (EIN 161561842) - 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

KIMBERLY TOWNSEND

Phone

3154241821

Tax Period

2023-01-01 to 2023-12-31

LORETTO-MALTA MANOR HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $317K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $382K exceeded revenue, resulting in a 21% 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $308,980

Investment Income $5,206

Other Revenue $2,638

TOTAL REVENUE $316,824

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,869

Fundraising Expenses $0

Program Expenses $309,341

Other Expenses $339,965

TOTAL EXPENSES $381,834

Year-over-Year Comparison

	2023	2022	Change
Revenue	$316,824	$281,217	+0.1%
Expenses	$381,834	$391,144	0.0%
Net Income	$-65,010	$-109,927	-0.4%

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

$802,458

Total Directors

$1,112,202

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM TOWNSEND	CHAIRPERSON	1.00	Officer Director	$0	$27,379	$802,458
JOHN MURRAY	MEMBER	1.00	Director	$0	$4,238	$309,744
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	No data	No data	No data	No data
2023	$316,824	$381,834	$1,719,288	$-65,010
2022	$281,217	$391,144	$1,781,701	$-109,927
2021	$269,052	$335,421	$1,877,717	$-66,369
2020	$278,689	$331,614	$1,935,006	$-52,925
2019	$273,143	$322,816	$1,984,002	$-49,673
2018	$260,732	$314,694	$2,038,064	$-53,962

LORETTO-MALTA MANOR HOUSING DEVELOPMENT FUND COMPANY INC