TCOA ELDERLY HOUSING INC (EIN 208043782) - 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

2007

Legal Domicile

Principal Officer

MARY JANE WALKER

Phone

9858682221

Tax Period

2024-01-01 to 2024-12-31

TCOA ELDERLY HOUSING INC, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $481K in total revenue in fiscal year 2024. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $559K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO OWN, MANAGE, OPERATE AND PROVIDE QUALIFIED SUPPORTIVE HOUSING FOR VERY LOW INCOME HOUSEHOLDS HAVING AT LEAST ONE ELDERLY PERSON (62 YEARS OF AGE OR OLDER) WITH DISABILITIES.

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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 $300,761

Program Service Revenue $174,560

Investment Income $1,755

Other Revenue $4,023

TOTAL REVENUE $481,099

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,618

Fundraising Expenses $0

Program Expenses $494,484

Other Expenses $472,832

TOTAL EXPENSES $559,450

Year-over-Year Comparison

	2024	2023	Change
Revenue	$481,099	$3,136,909	-0.8%
Expenses	$559,450	$576,016	0.0%
Net Income	$-78,351	$2,560,893	-1.0%

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

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

$331,845

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEROME BOYKIN SR	DIRECTOR	1.00	Director	$0	$0	$0
MELVIN MALBROUGH	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JEAN LEBOEUF	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
CARLA CHAISSON	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DAVE KANE	DIRECTOR	1.00	Director	$0	$0	$0
MICHEL CLAUDET	EXECUTIVE DIRECTOR	1.00	Officer	$0	$0	$193,527
MARY JANE WALKER	EXECUTIVE DIRECTOR	1.00	Officer	$0	$0	$138,318

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	$481,099	$559,450	$5,088,254	$-78,351
2023	$3,136,909	$576,016	$5,144,233	$2,560,893
2022	$1,019,146	$4,816,204	$5,377,157	$-3,797,058
2021	$2,518,179	$2,691,152	$6,393,202	$-172,973
2020	$358,857	$464,149	$5,693,764	$-105,292
2019	$369,148	$472,939	$5,816,820	$-103,791
2018	$355,981	$429,471	$5,842,252	$-73,490

TCOA ELDERLY HOUSING INC