MONTCLAIR SHARED HOUSING ASSOCIATION INC (EIN 223159141) - 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

1990

Legal Domicile

Phone

9737468917

Tax Period

2024-01-01 to 2024-12-31

MONTCLAIR SHARED HOUSING ASSOCIATION INC, founded in 1990, is a small nonprofit in the Housing & Shelter sector that reported $467K in total revenue in fiscal year 2024. Expenses of $580K exceeded revenue, resulting in a 24% operating deficit.

Mission

PROVIDE AFFORDABLE HOUSING FOR SENIOR CITIZENS

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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 $42,748

Program Service Revenue $83,567

Investment Income $0

Other Revenue $340,475

TOTAL REVENUE $466,790

Expense Breakdown

Grants Paid $0

Salaries & Benefits $180,636

Fundraising Expenses $0

Program Expenses $518,996

Other Expenses $399,859

TOTAL EXPENSES $580,495

Year-over-Year Comparison

	2024	2023	Change
Revenue	$466,790	$436,676	+0.1%
Expenses	$580,495	$436,040	+0.3%
Net Income	$-113,705	$636	-179.8%

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

$72,046

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOY KAY	EX DIRECTOR	31.00	Officer	$72,046	$0	$72,046
PATRICK K MCCLUSKEY	EXECUTIVE DIRECTOR	5.00	Director	$0	$0	$0
HY NGUYEN	TRUSTEE	5.00	Director	$0	$0	$0
MARGARET SERIP	TRUSTEE	5.00	Director	$0	$0	$0
PAMELA WILK POSNOCK	PRERSIDENT	5.00	Officer	$0	$0	$0
STARR PRESTON	VICE PRESIDEN	5.00	Officer	$0	$0	$0
SUSAN SINGER	SECRETARY	5.00	Officer	$0	$0	$0
JACKELINE OCAMPO	TREASURER	3.00	Officer	$0	$0	$0
ANDREW DONET	EXECUTIVE OFFICER	5.00	Officer	$0	$0	$0
KIRAN MULGUND	OWNER EX DIRECTOR	5.00	Officer	$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	$466,790	$580,495	$434,603	$-113,705
2023	$436,676	$436,040	$555,097	$636
2022	$403,697	$437,146	$571,244	$-33,449
2021	$367,975	$439,507	$637,486	$-71,532
2020	$410,518	$439,591	$674,984	$-29,073
2019	$386,757	$410,909	$686,382	$-24,152
2018	$397,249	$381,182	$730,458	$16,067

MONTCLAIR SHARED HOUSING ASSOCIATION INC