MARYVALE APARTMENTS INC

EIN: 251724817 501(c)(3) Housing & Shelter

ERIE, PA

Total Revenue
$361,187
Total Expenses
$428,890
Total Assets
$1,541,796
Net Assets
$-1,343,619
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
PA
Principal Officer
MATTHEW GOOD
Phone
8144533333
Tax Period
2024-10-01 to 2025-09-30

MARYVALE APARTMENTS INC, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $361K in total revenue in fiscal year 2024. Expenses of $429K exceeded revenue, resulting in a 19% operating deficit.

Mission

MARYVALE APARTMENTS, INC., THROUGH ITS MANAGEMENT AGENT HOUSING AND NEIGHBORHOOD DEVELOPMENT SERVICE (HANDS) IN COOPERATION WITH THE SISTERS OF ST. JOSEPH OF NORTHWEST PENNSYLVANIA,PROVIDES ATTRACTIVE AND AFFORDABLE RENTAL HOUSING TO VERY-LOW, AND LOW INCOME ELDERLY INDIVIDUALS.

Program Service Accomplishments

Program 1
Expenses: $379,699 Revenue: $202,836

MARYVALE APARTMENTS, INC., THROUGH ITS MANAGEMENT AGENT HOUSING AND NEIGHBORHOOD DEVELOPMENT SERVICE (HANDS) IN COOPERATION WITH THE SISTERS OF ST. JOSEPH OF NORTHWEST PENNSYLVANIA, PROVIDES 44...

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MARYVALE APARTMENTS, INC., THROUGH ITS MANAGEMENT AGENT HOUSING AND NEIGHBORHOOD DEVELOPMENT SERVICE (HANDS) IN COOPERATION WITH THE SISTERS OF ST. JOSEPH OF NORTHWEST PENNSYLVANIA, PROVIDES 44 ATTRACTIVE AND AFFORDABLE RENTAL HOUSING UNITS TO VERY-LOW, AND LOW INCOME ELDERLY INDIVIDUALS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $155,291
Program Service Revenue $198,303
Investment Income $3,060
Other Revenue $4,533
TOTAL REVENUE $361,187

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $379,699
Other Expenses $428,890
TOTAL EXPENSES $428,890

Year-over-Year Comparison

2024 2023 Change
Revenue $361,187 $350,932 +0.0%
Expenses $428,890 $427,926 +0.0%
Net Income $-67,703 $-76,994 -0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
9

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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SR MARY DREXLER PRESIDENT 1.00
Officer Director
$0 $0 $0
SR CAROL MOREHOUSE SECRETARY 1.00
Officer Director
$0 $0 $0
SR PHYLLIS MCCRACKEN TREASURER 1.00
Officer Director
$0 $0 $0
SR NANCY FISCHER DIRECTOR 1.00
Director
$0 $0 $0
SR MARY FROMKNECHT DIRECTOR 1.00
Director
$0 $0 $0
SR MARY HERRMANN DIRECTOR 1.00
Director
$0 $0 $0
SR ELIZABETH ANN NEIBAUER DIRECTOR 1.00
Director
$0 $0 $0
SR MARGIE PELLERITE DIRECTOR 1.00
Director
$0 $0 $0
SR MARY ANN WHITE DIRECTOR 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
2025 $361,187 $428,890 $1,541,796 $-67,703
2024 $350,932 $427,926 $1,578,720 $-76,994
2023 $340,298 $389,506 $1,677,968 $-49,208
2022 $333,571 $378,857 $1,690,101 $-45,286
2021 $327,445 $374,659 $1,747,735 $-47,214
2020 $307,498 $428,130 $1,800,837 $-120,632
2019 $308,916 $317,458 $1,903,251 $-8,542
2018 $297,850 $326,543 $1,921,000 $-28,693
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