MONMOUTH COUNCIL NO 9 CIVIL SERVICE ASSOC HOUSING CORPORATION (EIN 222312124) - 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

1980

Legal Domicile

Principal Officer

PETER AVAKIAN

Phone

7327743022

Tax Period

2024-01-01 to 2024-12-31

MONMOUTH COUNCIL NO 9 CIVIL SERVICE ASSOC HOUSING CORPORATION, founded in 1980, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2024. The organization ran a surplus of $647K, a strong 15% operating margin.

Mission

LOW TO MODERATE 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,665,128

Investment Income $368,289

Other Revenue $168,105

TOTAL REVENUE $4,201,522

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,938,723

Other Expenses $3,554,037

TOTAL EXPENSES $3,554,037

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,201,522	$4,153,119	+0.0%
Expenses	$3,554,037	$3,323,997	+0.1%
Net Income	$647,485	$829,122	-0.2%

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
PETER AVAKIAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN NUGENT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
WENDY STOCKDALE	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
TERESA MIRARCHI	SECOND VICE PRESIDENT	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
2024	$4,201,522	$3,554,037	$15,882,826	$647,485
2023	$4,153,119	$3,323,997	$15,223,056	$829,122
2022	$4,550,784	$3,244,352	$14,185,434	$1,306,432
2021	$4,484,843	$3,161,955	$13,033,199	$1,322,888
2020	$3,703,368	$3,130,732	$11,803,728	$572,636
2019	$3,065,018	$3,024,087	$11,240,728	$40,931
2018	$3,016,059	$2,949,847	$11,007,310	$66,212

MONMOUTH COUNCIL NO 9 CIVIL SERVICE ASSOC HOUSING CORPORATION