MAGNIFICAT HOME INC (EIN 260473833) - 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

2009

Legal Domicile

Principal Officer

MATTHEW LARACY

Phone

2014514040

Tax Period

2022-01-01 to 2022-12-31

MAGNIFICAT HOME INC, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $356K in total revenue in fiscal year 2022. Revenue decreased 13% compared to the prior year. Expenses of $336K left a modest 6% surplus.

Mission

THE MAGNIFICAT HOME IS A NONPROFIT ORGANIZATION OPERATING A BOARDING HOME THAT OFFERS HOUSING FOOD MEDICAL ASSISTANCE TO WOMEN IN NEED

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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 $107,784

Program Service Revenue $248,413

Investment Income $0

Other Revenue $0

TOTAL REVENUE $356,197

Expense Breakdown

Grants Paid $0

Salaries & Benefits $99,268

Fundraising Expenses $0

Program Expenses $237,337

Other Expenses $236,575

TOTAL EXPENSES $335,843

Year-over-Year Comparison

	2022	2021	Change
Revenue	$356,197	$411,462	-0.1%
Expenses	$335,843	$433,989	-0.2%
Net Income	$20,354	$-22,527	-1.9%

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

N/A

Independent Members

N/A

Employees

Volunteers

N/A

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
ANNE MAJEWSKI	TREASURER	N/A	Director	$0	$0	$0
KYLE LARACY	PRESIDENT	N/A	Director	$0	$0	$0
LAUREN SULLIVAN	VICE PRESIDENT	N/A	Director	$0	$0	$0
MARY MCCABE	BOARD MEMBER	N/A	Director	$0	$0	$0
DENISE BASKERVILLE	BOARD MEMBER	N/A	Director	$0	$0	$0
ED LANGLEY	BOARD MEMBER	N/A	Director	$0	$0	$0
FRANCIS FALCICCHIO	BOARD MEMBER	N/A	Director	$0	$0	$0
PATRICIA BOLAND	BOARD MEMBER	N/A	Director	$0	$0	$0
YESENIA MONTERO	MANAGER	N/A	Key Emp	$0	$0	$0
SENSEEHRAY IRVING	MANAGER	N/A	Key Emp	$0	$0	$0
FLORENCE GETUGI	ASSISTANT MANAGER	N/A	Highest	$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
2022	$356,197	$335,843	$35,449	$20,354
2021	$411,462	$433,989	$21,154	$-22,527
2020	$393,566	$400,355	$45,819	$-6,789
2019	$423,402	$444,789	$50,656	$-21,387

MAGNIFICAT HOME INC