FALCONER METHODIST HOUSING DEVELOP… - Form 990 Financial Data

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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

1982

Legal Domicile

Principal Officer

KEVIN SAFF

Phone

7166658197

Tax Period

2018-01-01 to 2018-12-31

FALCONER METHODIST HOUSING DEVELOPMENT FUND CO INC, founded in 1982, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2018. Revenue surged 230% from the prior year, signaling strong growth momentum. The organization ran a surplus of $734K, a strong 72% operating margin.

Mission

HUD SUBSIDIZED HOUSING FOR THE ELDERLY

Program Service Accomplishments

Program 1

Expenses: $211,003 Revenue: $230,992

U.S. DEPARTMENT OF HOUSING & URBAN DEVELOPMENT, SECTION 207, PURSUANT TO SECTION 223(F)PROJECT - 35 SUBSIDIZED HOUSING UNITS FOR THE ELDERLY. AS FURTHER DESCRIBED IN SCHEDULE N, DURING 2018, HUD...

U.S. DEPARTMENT OF HOUSING & URBAN DEVELOPMENT, SECTION 207, PURSUANT TO SECTION 223(F)PROJECT - 35 SUBSIDIZED HOUSING UNITS FOR THE ELDERLY. AS FURTHER DESCRIBED IN SCHEDULE N, DURING 2018, HUD APPROVED A PURCHASE AND SALE AGREEMENT WITH HOUSING PRESERVATION, INC. COVERING ALL OF THE PROJECT'S REAL, PERSONAL, AND INTANGIBLE PROPERTY. THE TRANSACTION CLOSED ON AUGUST 31, 2018, WITH ALL RENTAL OPERATIONS CEASING AS OF THAT DATE. THE CORPORATION IS CURRENTLY IN THE PROCESS OF DISSOLVING.

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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 $130,104

Program Service Revenue $100,759

Investment Income $794,177

Other Revenue $0

TOTAL REVENUE $1,025,040

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $211,003

Other Expenses $290,865

TOTAL EXPENSES $290,865

Year-over-Year Comparison

	2018	2017	Change
Revenue	$1,025,040	$310,728	+2.3%
Expenses	$290,865	$335,655	-0.1%
Net Income	$734,175	$-24,927	-30.5%

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
JON A SAFF	PRESIDENT	0.25	Officer Director	$0	$0	$0
SHIRLEY LEYMAN	SECRETARY	0.25	Officer Director	$0	$0	$0
BRENDA WEILER	DIRECTOR	0.25	Director	$0	$0	$0
HOWARD JOHNSON	DIRECTOR	0.25	Director	$0	$0	$0
REV HEATHER ALLPORT COHOON	DIRECTOR	0.25	Director	$0	$0	$0
CAROL RAWSON	DIRECTOR	0.25	Director	$0	$0	$0
JIM GRAHAM	DIRECTOR	0.25	Director	$0	$0	$0
BEN MOREY	DIRECTOR	0.25	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
2018	$1,025,040	$290,865	No data	$734,175

FALCONER METHODIST HOUSING DEVELOPMENT FUND CO INC