MAIN-FERRY HOUSING DEVELOPMENT FUND COMPANY INC (EIN 272066321) - 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

2010

Legal Domicile

Principal Officer

DEANNA EASON

Phone

7168541400

Tax Period

2024-01-01 to 2024-12-31

MAIN-FERRY HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2010, is a micro nonprofit in the Housing & Shelter sector that reported $72K in total revenue in fiscal year 2024. Expenses of $238K exceeded revenue, resulting in a 230% operating deficit.

Mission

THE COMPANY WAS INCORPORATED PURSUANT TO ARTICLE XI OF THE PRIVATE HOUSING FINANCE LAW AND SECTION 402 OF THE NOT-FOR-PROFIT CORPORATION LAW EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF OWNING, ORGANIZING, MANAGING, MAINTAINING, DEVELOPING AND OPERATING, ON A NON-PROFIT BASIS, A RESIDENTIAL HOUSING RENTAL PROJECT FOR PERSONS OF LOW INCOME AND TO PROVIDE OFFICES FOR A NON-PROFIT CIVIL RIGHTS ORGANIZATION.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $70,247

Investment Income $1,394

Other Revenue $377

TOTAL REVENUE $72,018

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $222,132

Other Expenses $237,901

TOTAL EXPENSES $237,901

Year-over-Year Comparison

	2024	2023	Change
Revenue	$72,018	$67,543	+0.1%
Expenses	$237,901	$208,563	+0.1%
Net Income	$-165,883	$-141,020	+0.2%

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

$104,461

Total Directors

$104,461

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEANNA EASON	PRESIDENT	5.00	Officer Director	$0	$104,461	$104,461
JESSICA MILANO-CARTY	CHAIR	0.00	Officer Director	$0	$0	$0
TODD VAARWERK	DIRECTOR	0.00	Director	$0	$0	$0
SARAH RUGNETTA	DIRECTOR	0.00	Director	$0	$0	$0
JOYELLE TEDESCHI	VICE CHAIR	0.00	Officer Director	$0	$0	$0
STEPAHN TODD	TREASURER	0.00	Director	$0	$0	$0
ASANTEWA HOLLEY	SECRETARY	0.00	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
2024	$72,018	$237,901	$1,508,407	$-165,883
2023	$67,543	$208,563	$1,626,975	$-141,020
2022	$75,794	$159,981	$1,752,203	$-84,187
2022	$75,794	$163,945	$1,752,203	$-88,151
2021	$66,136	$155,677	$1,838,497	$-89,541
2020	$65,409	$163,560	$1,922,873	$-98,151
2019	$69,771	$173,897	$2,022,767	$-104,126
2018	$63,206	$181,373	$2,124,001	$-118,167

MAIN-FERRY HOUSING DEVELOPMENT FUND COMPANY INC