ST MATTHEW HOUSING DEVELOPMENT INC (EIN 222813779) - 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

1982

Legal Domicile

Principal Officer

PASTOR ROBERT JACKSON

Phone

2157483310

Tax Period

2024-01-01 to 2024-12-31

ST MATTHEW HOUSING DEVELOPMENT INC, founded in 1982, is a small nonprofit in the Housing & Shelter sector that reported $958K in total revenue in fiscal year 2024. Expenses of $1.1M exceeded revenue, resulting in a 13% operating deficit.

Mission

LOW-INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED PERSONS UNDER SECTION 8 OF THE NATIONAL HOUSING ACT

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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 $957,009

Investment Income $784

Other Revenue $0

TOTAL REVENUE $957,793

Expense Breakdown

Grants Paid $0

Salaries & Benefits $188,390

Fundraising Expenses $0

Program Expenses $940,245

Other Expenses $895,074

TOTAL EXPENSES $1,083,464

Year-over-Year Comparison

	2024	2023	Change
Revenue	$957,793	$926,506	+0.0%
Expenses	$1,083,464	$920,837	+0.2%
Net Income	$-125,671	$5,669	-23.2%

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

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
PASTOR ROBERT JACKSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
LORENZO CRUGER	TREASURER	2.00	Officer Director	$0	$0	$0
DAYNA ROBERTS	TRUSTEE	2.00	Director	$0	$0	$0
GWENDOLYN JOHNSON STOKES	TRUSTEE	2.00	Director	$0	$0	$0
ALWINA GREEN	SECRETARY	2.00	Officer Director	$0	$0	$0
LYNNE DUDLEY-RAY	TRUSTEE	2.00	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	$957,793	$1,083,464	$2,332,567	$-125,671
2023	$926,506	$920,837	$2,494,570	$5,669
2022	$892,131	$951,158	$2,578,789	$-59,027
2021	$898,638	$873,683	$2,705,051	$24,955
2020	$871,452	$935,852	$2,704,438	$-64,400
2019	$853,538	$949,590	$2,818,566	$-96,052
2018	$840,310	$963,163	$2,978,837	$-122,853

ST MATTHEW HOUSING DEVELOPMENT INC