MANSFIELD NON PROFIT HOUSING DEVEL… - 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

2014

Legal Domicile

Principal Officer

KATHY WARD

Phone

8604870693

Tax Period

2023-01-01 to 2023-12-31

MANSFIELD NON PROFIT HOUSING DEVELOPMENT CORPORATION, founded in 2014, is a small nonprofit in the Housing & Shelter sector that reported $353K in total revenue in fiscal year 2023. The organization ran a surplus of $275K, a strong 78% operating margin.

Mission

THE MISSION OF THIS CORPORATION IS TO PROMOTE THE GENERAL WELFARE OF THE COMMUNITY THROUGH (I) PROMOTION OF HOUSING FOR LOW AND MODERATE INCOME PEOPLE, AND IN PARTICULAR, RESIDENTS OF THE TOWNS SERVED BY THE MANSFIELD HOUSING AUTHORITY AND (II) PROVIDING VARIED HOUSING OPTIONS IN ORDER TO PROMOTE SUSTAINABILITY OF THE CORPORATION AND THE INTEGRATION OF RESIDENTS IN AFFORDABLE AND MARKET RATE HOUSING.

Program Service Accomplishments

Program 1

Expenses: $58,015 Revenue: $1,352

PROMOTION OF HOUISNG OR LOW AND MODERATE INCOME PEOPLE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,352

Investment Income $-223,594

Other Revenue $574,875

TOTAL REVENUE $352,633

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,375

Fundraising Expenses $0

Program Expenses $58,015

Other Expenses $28,231

TOTAL EXPENSES $77,606

Year-over-Year Comparison

	2023	2022	Change
Revenue	$352,633	N/A	N/A
Expenses	$77,606	N/A	N/A
Net Income	$275,027	$0	N/A

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

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
KATHLEEN WARD	PRESIDENT	8.00	Officer Director	$0	$0	$0
WILLIAM SIMONSEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD P LONG	TREASURER	2.00	Officer Director	$0	$0	$0
REBECCA M FIELDS	SECRETARY	15.00	Officer 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	No data	No data	No data	No data
2023	$352,633	$77,606	$326,949	$275,027

MANSFIELD NON PROFIT HOUSING DEVELOPMENT CORPORATION