Matinecock Court Housing Development Fund Corporation (EIN 260061245) - 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

2003

Legal Domicile

Phone

6317540373

Tax Period

2022-07-01 to 2023-06-30

Matinecock Court Housing Development Fund Corporation, founded in 2003, is a community nonprofit in the Housing & Shelter sector that reported $3.8M in total revenue in fiscal year 2022. The organization ran a surplus of $3.0M, a strong 79% operating margin.

Mission

TO CONSTRUCT, OPERATE, AND MAINTAIN A LOW INCOME HOUSING DEVELOPMENT

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,756,803

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,756,803

Expense Breakdown

Grants Paid $708,662

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $775,060

Other Expenses $66,398

TOTAL EXPENSES $775,060

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,756,803	N/A	N/A
Expenses	$775,060	$165,906	+3.7%
Net Income	$2,981,743	$-165,906	-19.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGER WEAVING JR	Director	1.00	Officer Director	$0	$0	$0
MICHAEL WIGUTOW	Treasurer	1.00	Officer Director	$0	$0	$0
ULYSSES SPICER	President	1.00	Officer Director	$0	$0	$0
LAWRENCE MCNALLY	Vice President	1.00	Officer Director	$0	$0	$0
MCKINLEY PETTERWAY	Secretary	1.00	Officer 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	$3,756,803	$775,060	$11,328	$2,981,743
2022	No data	$165,906	$1,255,728	No data
2021	No data	$250,833	$1,180,392	No data
2020	No data	$219,459	$1,145,392	No data
2019	$3,065	$205,523	$1,136,877	$-202,458
2018	$125,000	$193,619	$1,127,967	$-68,619

Matinecock Court Housing Development Fund Corporation