MULTIPLE SCLEROSIS HANDICAPPED HOU… - 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

1989

Legal Domicile

Principal Officer

C SEAN CLOSKY

Phone

8564884500

Tax Period

2023-07-01 to 2024-06-30

MULTIPLE SCLEROSIS HANDICAPPED HOUSING INC, founded in 1989, is a small nonprofit that reported $490K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $444K left a modest 9% surplus.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME ELDERLY AND DISABLED PERSONS

Program Service Accomplishments

Program 1

Expenses: $377,653 Revenue: $98,648

THE CORPORATION OWNS AN APARTMENT COMPLEX OF 24 UNITS WHICH PROVIDES HOUSING FACILITIES FOR THE LOW-INCOME ELDERLY AND DISABLED. THE COMPLEX IS OPERATED PURSUANT TO SECTION 811 OF THE NATIONAL...

THE CORPORATION OWNS AN APARTMENT COMPLEX OF 24 UNITS WHICH PROVIDES HOUSING FACILITIES FOR THE LOW-INCOME ELDERLY AND DISABLED. THE COMPLEX IS OPERATED PURSUANT TO SECTION 811 OF THE NATIONAL HOUSING ACT AND PARTICIPATES IN PROJECT RENTAL ASSISTANCE CONTRACT PAYMENT PROGRAM. SUCH FACILITIES ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS.

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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 $389,377

Program Service Revenue $98,648

Investment Income $2,439

Other Revenue $0

TOTAL REVENUE $490,464

Expense Breakdown

Grants Paid $0

Salaries & Benefits $127,889

Fundraising Expenses $0

Program Expenses $377,653

Other Expenses $316,535

TOTAL EXPENSES $444,424

Year-over-Year Comparison

	2023	2022	Change
Revenue	$490,464	$440,807	+0.1%
Expenses	$444,424	$446,211	0.0%
Net Income	$46,040	$-5,404	-9.5%

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
C SEAN CLOSKY	PRESIDENT	0.25	Officer Director	$0	$0	$0
ANTHONY CUPANO	VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
JOHN D'ANASTASIO	SECRETARY	0.25	Officer Director	$0	$0	$0
JUSTIN ACKERMAN	BOARD MEMBER	0.25	Director	$0	$0	$0
GARY BACKINOFF ESQ	BOARD MEMBER	0.25	Director	$0	$0	$0
ROBERT WILLIS	BOARD MEMBER	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
2025	No data	No data	No data	No data
2024	$490,464	$444,424	$1,918,393	$46,040
2023	$440,807	$446,211	$1,832,173	$-5,404
2022	$425,036	$413,293	$1,827,882	$11,743
2021	$442,247	$418,970	$1,785,686	$23,277
2020	$442,245	$398,505	$1,733,635	$43,740
2019	$427,503	$409,739	$1,686,849	$17,764
2018	$432,951	$449,848	$1,649,028	$-16,897

MULTIPLE SCLEROSIS HANDICAPPED HOUSING INC