Colonial Mutual Housing

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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

2006

Legal Domicile

Principal Officer

Jared M Lans

Phone

2014579400

Tax Period

2018-07-01 to 2019-06-30

Colonial Mutual Housing, founded in 2006, is a micro nonprofit that reported $46K in total revenue in fiscal year 2018. Revenue fell 92% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $44K, a strong 95% operating margin.

Mission

To promote common interests of the residents of the limited equity cooperative known as Brooks-Sloate Terrace Corporation in Paterson, NJ. Enter into lease agreements with third party/lower income tenants to permit them to occupy specified units to provide safe and affordable

Program Service Accomplishments

Program 1

Expenses: $2,200 Revenue: $46,151

Maintaining the forty (40) Federal Section 8 qualified units on the Brooks Sloate Terrace property in Paterson, NJ pursuant to the provision as stated in the U.S. Housing Act of 1937. In addition...

Maintaining the forty (40) Federal Section 8 qualified units on the Brooks Sloate Terrace property in Paterson, NJ pursuant to the provision as stated in the U.S. Housing Act of 1937. In addition, the organization maintains the common property in conjunction with the aforementioned units.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $46,151

Investment Income $0

Other Revenue $0

TOTAL REVENUE $46,151

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,200

Other Expenses $2,200

TOTAL EXPENSES $2,200

Year-over-Year Comparison

	2018	2017	Change
Revenue	$46,151	$563,839	-0.9%
Expenses	$2,200	$409,111	-1.0%
Net Income	$43,951	$154,728	-0.7%

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
Mary Joyner	President	2.00	Officer	$0	$0	$0
Carol Austin	Vice President	1.00	Officer	$0	$0	$0
Wanda Baugh	Treasurer	1.00	Officer	$0	$0	$0
Jared Lans	Director	3.00	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
2019	$46,151	$2,200	No data	$43,951
2018	$563,839	$409,111	$821,431	$154,728
2017	$620,042	$439,113	$890,640	$180,929