MUTUAL HOUSING ASSOCIATION OF SOUTHWESTERN CT INC (EIN 223035152) - 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

1996

Legal Domicile

Phone

2033596940

Tax Period

2024-01-01 to 2024-12-31

MUTUAL HOUSING ASSOCIATION OF SOUTHWESTERN CT INC, founded in 1996, is a community nonprofit in the Housing & Shelter sector that reported $2.8M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Net assets of $11.2M represent 48 months of operating reserves.

Mission

THE MISSION OF THE ASSOCIATION IS TO DEVELOP, FINANCE, OWN, LEASE AND MANAGE SAFE,QUALITY, PERMANENTLY AFFORDABLE HOUSING FOR LOW AND MODERATE INCOMEHOUSEHOLDS THROUGHOUT FAIRFIELD COUNTY, CONNECTICUT. MHA SEEKS TOCREATE A CONTINUUM OF HOUSING OPPORTUNITIES FOR ALL SECTORS OF THECOMMUNITY AND SERVE AS AN ONGOING PRODUCER OF AFFORDABLE HOUSINGTHROUGHOUT THE SOUTHWESTERN CONNECTICUT REGION TO MEET PRESENT ANDFUTURE HOUSING NEEDS.

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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 $1,280,757

Program Service Revenue $1,495,999

Investment Income $26,841

Other Revenue $27,277

TOTAL REVENUE $2,830,874

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,423,552

Fundraising Expenses $212,876

Program Expenses $1,142,420

Other Expenses $1,377,256

TOTAL EXPENSES $2,800,808

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,830,874	$2,299,241	+0.2%
Expenses	$2,800,808	$3,108,501	-0.1%
Net Income	$30,066	$-809,260	-1.0%

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

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

$203,961

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RENEE DOBOS	Executive Dir.	40.00	Officer	$203,961	$0	$203,961
MELISSA BIEROWKA	Director	0.25	Director	$0	$0	$0
NATALIE CASTRO	Director	0.25	Director	$0	$0	$0
NICHOLOS LOCOCO	Treasurer	2.00	Officer Director	$0	$0	$0
BHAVANI DARYANANI	Director	0.25	Director	$0	$0	$0
KELLY MCGEE	Director	0.25	Director	$0	$0	$0
KEVIN PALUMBERI	President	2.00	Officer Director	$0	$0	$0
BUZZ SCHWARTZ	Director	0.25	Director	$0	$0	$0
CAROLYN SHARD	Director	0.25	Director	$0	$0	$0
DONNA STEWART-EAGLES	Director	0.25	Director	$0	$0	$0
ERIKA ALEXANDER	Vice President	1.00	Officer Director	$0	$0	$0
GERALDINE TOBIAS	Director	0.25	Director	$0	$0	$0
VALERIE ROSENSON	Secretary	1.00	Officer Director	$0	$0	$0
DANIEL TRUDO	Director	0.25	Director	$0	$0	$0
MIKE DETUZZI	Director	0.25	Director	$0	$0	$0
CAMILE FRANKLYN LEVY	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
2024	$2,830,874	$2,800,808	$15,026,445	$30,066
2023	$2,299,241	$3,108,501	$15,532,848	$-809,260
2022	$1,274,963	$2,823,338	$16,231,098	$-1,548,375
2021	$2,661,661	$2,492,363	$16,772,020	$169,298
2020	$1,570,750	$2,955,986	$16,448,869	$-1,385,236
2019	$1,876,089	$2,187,090	$19,018,810	$-311,001
2018	$2,014,628	$2,662,186	$19,685,237	$-647,558

MUTUAL HOUSING ASSOCIATION OF SOUTHWESTERN CT INC