MONTANA DEVELOPMENT CORPORATION (EIN 251672592) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

Richard Swartz

Phone

4124416950

Tax Period

2023-01-01 to 2023-12-31

MONTANA DEVELOPMENT CORPORATION, founded in 1991, is a micro nonprofit in the Housing & Shelter sector that reported $37K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $49K exceeded revenue, resulting in a 33% operating deficit.

Mission

The organization exists to provide permanently affordable rental housing for very low-income persons. It fulfills this mission through the ownership and management of a 16-unit apartment building at 5456 Penn Avenue in the city of Pittsburgh for persons earning 50% or less of median household income for the Pittsburgh region.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $36,804

TOTAL REVENUE $36,804

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $48,821

Other Expenses $48,821

TOTAL EXPENSES $48,821

Year-over-Year Comparison

	2023	2022	Change
Revenue	$36,804	$47,769	-0.2%
Expenses	$48,821	$40,223	+0.2%
Net Income	$-12,017	$7,546	-2.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

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

$61,900

Total Directors

$61,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rick Swartz	Assistant Secretary	2	Officer Director	$0	$0	$61,900
John Shivickas	President	1	Officer Director	$0	$0	$0
Zach Restelli	Assistant Treasurer	1	Officer Director	$0	$0	$0
Rochell Jackson	Secretary	1	Officer Director	$0	$0	$0
Willa Whitehead	Treasurer	1	Officer Director	$0	$0	$0
John Wright	Director	1	Director	$0	$0	$0
Ben Ledewitz	Director	1	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
2023	$36,804	$48,821	$445,706	$-12,017
2022	$47,769	$40,223	$483,435	$7,546
2021	$51,752	$69,899	$497,428	$-18,147
2020	$62,610	$73,326	$537,277	$-10,716

MONTANA DEVELOPMENT CORPORATION