MORROW CHASE HOUSING INC

🔒

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

2010

Legal Domicile

Principal Officer

DON G WELLONS

Phone

9108920436

Tax Period

2025-01-01 to 2025-12-31

MORROW CHASE HOUSING INC, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $306K in total revenue in fiscal year 2025. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $427K exceeded revenue, resulting in a 40% operating deficit.

Mission

LOW INCOME ELDERLY HOUSING

Program Service Accomplishments

Program 1

Expenses: $351,628 Revenue: $305,598

Provide elderly and handicapped persons with reduced rent housing and services specially designed to meet their physical, social, and psychological needs and promote their health, security...

Provide elderly and handicapped persons with reduced rent housing and services specially designed to meet their physical, social, and psychological needs and promote their health, security, happiness, and usefulness in longer living.

🔒

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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $305,178

Investment Income $420

Other Revenue $0

TOTAL REVENUE $305,598

Expense Breakdown

Grants Paid $0

Salaries & Benefits $97,400

Fundraising Expenses $0

Program Expenses $351,628

Other Expenses $329,211

TOTAL EXPENSES $426,611

Year-over-Year Comparison

	2025	2024	Change
Revenue	$305,598	$268,511	+0.1%
Expenses	$426,611	$441,832	0.0%
Net Income	$-121,013	$-173,321	-0.3%

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

Employees

N/A

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
Don G Wellons	President/Director	2.00	Officer Director	$0	$0	$0
Lauren W White	Vice Pres/Director	2.00	Officer Director	$0	$0	$0
Andrea C Howard	Secretary/Treasurer/Director	2.00	Officer Director	$0	$0	$0
Sylvia W Craft	Director	2.00	Director	$0	$0	$0
Leigh Anna W Thompson	Asst Secretary/Director	2.00	Director	$0	$0	$0
Kathy H Kennedy	Director	2.00	Director	$0	$0	$0
Gene T Jernigan	Director	2.00	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	$305,598	$426,611	$3,512,346	$-121,013
2024	$268,511	$441,832	$3,667,641	$-173,321
2023	$245,929	$401,277	$3,782,835	$-155,348
2022	$244,368	$406,631	$3,925,938	$-162,263
2021	$229,522	$356,442	$4,089,158	$-126,920
2020	$223,256	$367,433	$4,223,445	$-144,177
2019	$231,646	$376,258	$4,367,291	$-144,612
2018	$215,760	$362,628	$4,511,086	$-146,868