HOUSING PARTNERSHIP FOR MORRIS COUNTY INC (EIN 223194848) - 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

1992

Legal Domicile

Principal Officer

SHALYNN A KELLOGG

Phone

9736599222

Tax Period

2024-01-01 to 2024-12-31

HOUSING PARTNERSHIP FOR MORRIS COUNTY INC, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $705K in total revenue in fiscal year 2024. Expenses of $1.0M exceeded revenue, resulting in a 45% operating deficit.

Mission

TO PROVIDE A RESOURCE CENTER TO THE PUBLIC REGARDING AFFORDABLE HOUSING.

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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 $662,582

Program Service Revenue $82,810

Investment Income $12,730

Other Revenue $-52,952

TOTAL REVENUE $705,170

Expense Breakdown

Grants Paid $0

Salaries & Benefits $565,760

Fundraising Expenses $68,459

Program Expenses $817,840

Other Expenses $455,166

TOTAL EXPENSES $1,020,926

Year-over-Year Comparison

	2024	2023	Change
Revenue	$705,170	$697,236	+0.0%
Expenses	$1,020,926	$811,382	+0.3%
Net Income	$-315,756	$-114,146	+1.8%

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

$129,014

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBRA L ZIMMERLY	CHAIR	2.00	Officer Director	$0	$0	$0
EDWARD J BUZAK ESQ	VICE CHAIR	2.00	Officer Director	$0	$0	$0
RENE HENRIQUEZ	TREASURER	2.00	Officer Director	$0	$0	$0
KENNETH R SAUTER ESQ	SECRETARY	2.00	Officer Director	$0	$0	$0
SARAH MARIE BACH	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTOPHER MIGNONE	TRUSTEE	2.00	Director	$0	$0	$0
PABLO BAUTISTA	TRUSTEE	2.00	Director	$0	$0	$0
JOEL A MURPHY ESQ	TRUSTEE	2.00	Director	$0	$0	$0
DEBORAH JOHNSON	TRUSTEE	2.00	Director	$0	$0	$0
JONATHAN TESTA	TRUSTEE	2.00	Director	$0	$0	$0
SANDY CASTOR	TRUSTEE	2.00	Director	$0	$0	$0
JAYSON FRANK	TRUSTEE	2.00	Director	$0	$0	$0
CYNTHIA RICHARDSON	TRUSTEE	2.00	Director	$0	$0	$0
DOROTHY RIVERS	TRUSTEE	2.00	Director	$0	$0	$0
SHALYNN KELLOGG	EXECUTIVE DIRECTOR	40.00	Officer	$101,424	$27,590	$129,014

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	$705,170	$1,020,926	$1,709,185	$-315,756
2023	$697,236	$811,382	$1,951,521	$-114,146
2022	$595,417	$647,910	$2,120,949	$-52,493
2021	$641,198	$515,805	$2,066,285	$125,393
2020	$676,599	$515,467	$1,951,500	$161,132
2019	$620,026	$560,303	$1,631,668	$59,723
2018	$561,067	$514,431	$1,567,715	$46,636

HOUSING PARTNERSHIP FOR MORRIS COUNTY INC