FIRST CHURCH IN MALDEN HOMES INC (EIN 237099111) - 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

1968

Legal Domicile

Principal Officer

STEPHEN FRAZIER

Phone

7813214545

Tax Period

2023-01-01 to 2023-12-31

FIRST CHURCH IN MALDEN HOMES INC, founded in 1968, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $995K, a strong 91% operating margin.

Mission

TO ACQUIRE, CONSTRUCT AND OPERATE AN INTEREST IN AFFORDABLE HOUSING IN MALDEN, MASSACHUSETTS.

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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 $29,550

Program Service Revenue $977,924

Investment Income $85,955

Other Revenue $34

TOTAL REVENUE $1,093,463

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,322

Fundraising Expenses $0

Program Expenses $40,804

Other Expenses $50,300

TOTAL EXPENSES $98,622

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,093,463	$1,401,823	-0.2%
Expenses	$98,622	$80,176	+0.2%
Net Income	$994,841	$1,321,647	-0.2%

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

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

$259,494

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL FRAZIER	PRESIDENT	1.00	Officer Director	$0	$0	$0
PETER DEMIRDJIAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
WILLIAM CONLEY	TREASURER	1.00	Officer Director	$0	$0	$0
JEFFREY PARKS	SECRETARY	1.00	Officer Director	$0	$0	$0
PATRICIA DEMIRDJIAN	DIRECTOR	1.00	Director	$0	$0	$0
JAMES C LONG	DIRECTOR	1.00	Director	$0	$0	$0
JOHN OTERI	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN FRAZIER	EXECUTIVE DIRECTOR	10.00	Officer	$212,890	$46,604	$259,494
MARIA FRAZIER	SERVICE COORDINATOR	1.00	Highest	$109,194	$10,919	$120,113
PAUL FRAZIER	SERVICE MANAGER	1.00	Highest	$105,783	$31,763	$137,546

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	$1,093,463	$98,622	$16,073,160	$994,841
2022	$1,401,823	$80,176	$15,071,972	$1,321,647
2021	$1,095,280	$48,859	$13,778,139	$1,046,421
2020	$1,362,776	$48,769	$12,757,032	$1,314,007
2019	$1,863,973	$48,392	$11,415,657	$1,815,581
2018	$647,128	$48,819	$9,914,186	$598,309

FIRST CHURCH IN MALDEN HOMES INC