MONARCH HOUSING ASSOCIATES INC

EIN: 223094991 501(c)(3) Housing & Shelter

Cranford, NJ

Total Revenue
$4,529,419
Total Expenses
$2,454,703
Total Assets
$4,511,302
Net Assets
$3,930,953
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
NJ
Principal Officer
TAIISA KELLY
Phone
9082725363
Tax Period
2024-01-01 to 2024-12-31

MONARCH HOUSING ASSOCIATES INC, founded in 1990, is a community nonprofit in the Housing & Shelter sector that reported $4.5M in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 46% operating margin.

Mission

EVERY PERSON WILL HAVE QUALITY AFFORDABLE, PERMANENT HOUSING THAT FOSTERS FREEDOM, INDEPENDENCE

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,750,631
Program Service Revenue $1,778,788
Investment Income $0
Other Revenue $0
TOTAL REVENUE $4,529,419

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,844,732
Fundraising Expenses $105,589
Program Expenses $2,031,042
Other Expenses $609,971
TOTAL EXPENSES $2,454,703

Year-over-Year Comparison

2024 2023 Change
Revenue $4,529,419 $2,897,955 +0.6%
Expenses $2,454,703 $1,951,107 +0.3%
Net Income $2,074,716 $946,848 +1.2%
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

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Governance

Voting Members
11
Independent Members
11
Employees
20
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
5
$172,528
Total Directors
12
$172,528
Key Employees
1
$172,528
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TAIISA KELLY CEO 040.00
Officer Director Key Emp Highest
$151,512 $21,016 $172,528
MARCUS RANDOLPH CHAIRPERSON 002.00
Officer Director
$0 $0 $0
LAVERNE WILLIAMS VICE CHAIRPERSON 002.00
Officer Director
$0 $0 $0
LAURA RODGERS TREASURER 002.00
Officer Director
$0 $0 $0
SHARON COCKEY SECRETARY 001.00
Officer Director
$0 $0 $0
HARRY COE TRUSTEE 001.00
Director
$0 $0 $0
HASAN PRIDE TRUSTEE 001.00
Director
$0 $0 $0
ZAKIYYAH WILSON TRUSTEE 001.00
Director
$0 $0 $0
MINOSKA MATEO TRUSTEE 001.00
Director
$0 $0 $0
ROBERT J KLEY TRUSTEE 001.00
Director
$0 $0 $0
MARYANNE GUENTHER TRUSTEE 001.00
Director
$0 $0 $0
FLOYD J SLATEN TRUSTEE 001.00
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 $4,529,419 $2,454,703 $4,511,302 $2,074,716
2023 $2,897,955 $1,951,107 $2,514,232 $946,848
2022 $1,532,792 $1,220,819 $1,691,205 $311,973
2021 $1,379,460 $1,213,526 $681,166 $165,934
2020 $996,204 $997,415 $660,381 $-1,211
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