MT SINAI DEVELOPMENT CORPORATION (EIN 201569879) - 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

2004

Legal Domicile

Principal Officer

Herman L Watson Reverend

Phone

6188742002

Tax Period

2025-01-01 to 2025-12-31

MT SINAI DEVELOPMENT CORPORATION, founded in 2004, is a micro nonprofit in the Housing & Shelter sector that reported $63K in total revenue in fiscal year 2020. Net assets of $433K represent 82 months of operating reserves.

Mission

To acquire undeveloped/ unused land for low cost housing project and community development. General Support of the Church & Life Center.

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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 (2025)

Revenue Breakdown

Contributions & Grants $212,369

Program Service Revenue $240,000

Investment Income $0

Other Revenue $15,214

TOTAL REVENUE $467,583

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,362

Fundraising Expenses $0

Program Expenses $559,970

Other Expenses $648,188

TOTAL EXPENSES $659,550

Year-over-Year Comparison

	2025	2024	Change
Revenue	$467,583	$305,511	+0.5%
Expenses	$659,550	N/A	N/A
Net Income	$-191,967	$305,511	-1.6%

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

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
Dennis Jackson	Executive Director	10.00	Highest	$0	$0	$107,900
Herman L Watson	President	2.00	Officer	$0	$0	$0
Rhonda Jones	Secretary	1.00	Officer	$0	$0	$0
Henry Matthews	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
2025	$467,583	$659,550	$1,097,041	$-191,967
2024	$224,373	$431,674	$266,070	$-207,301
2023	$232,985	$320,437	$388,638	$-87,452
2022	$119,031	$143,007	$527,595	$-23,976
2021	$102,598	$241,569	$574,339	$-138,971
2020	$63,193	$66,946	$581,495	$-3,753

MT SINAI DEVELOPMENT CORPORATION