MARTIN LUTHER KING GARDENS URBAN RENEWAL INC (EIN 226096211) - 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

1977

Legal Domicile

Principal Officer

CHANON MCDUFFIE

Phone

2018711270

Tax Period

2024-01-01 to 2024-12-31

MARTIN LUTHER KING GARDENS URBAN RENEWAL INC, founded in 1977, is a community nonprofit in the Environment sector that reported $4.1M in total revenue in fiscal year 2024. The organization ran a surplus of $1.2M, a strong 29% operating margin.

Mission

LOW TO MODERATE INCOME HOUSING DEVELOPMENT LOCATED IN ENGLEWOOD, NJ

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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 $0

Program Service Revenue $3,618,097

Investment Income $205,850

Other Revenue $297,494

TOTAL REVENUE $4,121,441

Expense Breakdown

Grants Paid $0

Salaries & Benefits $359,758

Fundraising Expenses $0

Program Expenses $2,755,065

Other Expenses $2,547,470

TOTAL EXPENSES $2,907,228

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,121,441	$3,922,762	+0.1%
Expenses	$2,907,228	$2,233,527	+0.3%
Net Income	$1,214,213	$1,689,235	-0.3%

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

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
CHANON MCDUFFLE	PRESIDENT, TRUSTEE	15.00	Officer Director	$0	$0	$0
CHERYL BROWN	SECRETARY, TRUSTEE	15.00	Officer Director	$0	$0	$0
ANITA POWELL	ASST. SECRETARY, TRUST	3.00	Officer Director	$0	$0	$0
LEE SMITH	TREASURER, TRUSTEE	3.00	Officer Director	$0	$0	$0
ETHEL MOSES	ASST. TREASURER, TRUSTEE	3.00	Officer Director	$0	$0	$0
HOSLE SMITH	TRUSTEE	1.00	Director	$0	$0	$0
PARRIS TERRY	TRUSTEE	1.00	Director	$0	$0	$0
ALVA JONES	TRUSTEE	1.00	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	$4,121,441	$2,907,228	$26,541,702	$1,214,213
2023	$3,922,762	$2,233,527	$25,717,182	$1,689,235
2022	$3,846,635	$2,118,195	$26,958,035	$1,728,440
2021	$3,628,610	$2,249,054	$27,810,517	$1,379,556
2020	$958,264	No data	$23,447,618	No data
2019	$-553,234	No data	$4,095,902	No data
2018	$74,056	No data	$2,659,039	No data

MARTIN LUTHER KING GARDENS URBAN RENEWAL INC