MT VERNON MANOR INC

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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

MICHAEL THORPE

Phone

2154759492

Tax Period

2023-01-01 to 2023-12-31

MT VERNON MANOR INC, founded in 1977, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $639K, a strong 32% operating margin.

Mission

PROVIDE AND PRESERVE AFFORDABLE AND LOW INCOME HOUSING

Program Service Accomplishments

Program 1

Expenses: $307,899 Revenue: $299,431

READY SET GO LANDCARE HIRES RETURNING CITIZEN'S TO WORK ON LANDSCAPING CREW THROUGH CITY FUNDED CONTRACT. HAVE EMPLOYED UP TO 10 INDIVIDUALS FOR PART TIME SEASONAL WORK AND TO BEAUTIFY THE COMMUNITY.

Program 2

Expenses: $322,128

THE NEIGHBOURHOOD ADVISORY COMMITEE HAS CONTINUED ONGOING SUPPORT SEVICES FOR THE COMMUNITY BASED PROGRAM INCLUDING FOOD, UTILIY AND RENTAL ASSISTANCE. IT ALSO SUPPORTS THE LOCAL PARK/GARDEN WITH...

THE NEIGHBOURHOOD ADVISORY COMMITEE HAS CONTINUED ONGOING SUPPORT SEVICES FOR THE COMMUNITY BASED PROGRAM INCLUDING FOOD, UTILIY AND RENTAL ASSISTANCE. IT ALSO SUPPORTS THE LOCAL PARK/GARDEN WITH STAFF AND OTHER RESOURCES.

Program 3

Expenses: $460,522

MANTUA PRESERVATION PROJECT OPERATES MULTIPLE RESIDENTIAL RENTAL UNITS TO MAINTAIN THEIR AFFORDABLE LOW INCOME CHARACTERISTIC AND SUBSEQUENTLY RENOVATED UNITS BEFORE LEASING TO QUALIFIED LOW INCOME TENANTS. ADDITIONAL DEVELOPMENT OPPORTUNITIES ARE IN PLANNING AND PRE-DEVELOPMENT STAGES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,035,043

Program Service Revenue $339,550

Investment Income $97,141

Other Revenue $495,587

TOTAL REVENUE $1,967,321

Expense Breakdown

Grants Paid $0

Salaries & Benefits $570,960

Fundraising Expenses $0

Program Expenses $1,090,549

Other Expenses $757,813

TOTAL EXPENSES $1,328,773

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,967,321	$1,581,079	+0.2%
Expenses	$1,328,773	$1,228,103	+0.1%
Net Income	$638,548	$352,976	+0.8%

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

$120,560

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BELINDA MAYO	PRESIDENT/BOARD CHAIR	1.00	Officer Director	$0	$0	$0
KARIM PURDIE	TREASURER	1.00	Officer Director	$0	$0	$0
FAITH DYSON-WASHINGTON	MEMBER	1.00	Director	$0	$0	$0
AIISHA G HERRING	MEMBER	1.00	Director	$0	$0	$0
GARY TRAVIS	MEMBER	1.00	Director	$0	$0	$0
MICHAEL THORPE	EXECUTIVE DIRECTOR	40.00	Officer	$106,917	$13,643	$120,560

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	No data	No data	No data	No data
2023	$1,967,321	$1,328,773	$7,402,020	$638,548
2022	$1,581,079	$1,228,103	$6,692,265	$352,976
2021	$1,338,263	$992,656	$6,400,736	$345,607
2020	$817,904	$589,729	$5,401,996	$228,175
2020	$966,435	$670,481	$5,933,082	$295,954
2019	$902,663	$542,812	$3,525,178	$359,851
2018	$621,983	$289,795	$2,734,808	$332,188