MASSACHUSETTS AVENUE HOUSING DEVELOPMENT FUND CORPORATION (EIN 272382090) - 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

2010

Legal Domicile

Principal Officer

DAWN WELLS-CLYBURN

Phone

7168840356

Tax Period

2024-01-01 to 2024-12-31

MASSACHUSETTS AVENUE HOUSING DEVELOPMENT FUND CORPORATION, founded in 2010, is a micro nonprofit in the Housing & Shelter sector that reported $56K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $122K exceeded revenue, resulting in a 118% operating deficit.

Mission

TO PROVIDE HOUSING ACCOMODATIONS FOR PERSONS AND FAMILIES OF LOW INCOME, AS DEFINED IN SECTION 2 OF PRIVATE HOUSING FINANCE LAW, WHICH HOUSING ACCOMODATIONS SHALL BE SITUATED AND LOCATED AT/OR NEAR MASSACHUSETTS AVENUE, CITY OF BUFFALO, NEW YORK.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $49,418

Investment Income $0

Other Revenue $6,776

TOTAL REVENUE $56,194

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $122,472

Other Expenses $122,472

TOTAL EXPENSES $122,472

Year-over-Year Comparison

	2024	2023	Change
Revenue	$56,194	$81,732	-0.3%
Expenses	$122,472	$130,405	-0.1%
Net Income	$-66,278	$-48,673	+0.4%

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

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

$87,988

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT JAHNKE	PRESIDENT	2.00	Officer Director	$0	$0	$0
RAMONE ALEXANDER	SECRETARY	2.00	Director	$0	$0	$0
JIM ANDERSON	TREASURER	2.00	Officer Director	$0	$0	$0
DAWN WELLS-CLYBURN	EXECUTIVE DIRECTOR	2.00	Officer	$0	$0	$87,988

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	$56,194	$122,472	$1,514,846	$-66,278
2023	$81,732	$130,405	$1,572,466	$-48,673
2022	$102,987	$127,988	$1,617,257	$-25,001
2021	$67,331	$112,396	$1,640,533	$-45,065
2020	$59,277	$101,013	$1,685,761	$-41,736
2019	$68,558	$105,468	$1,732,382	$-36,910
2018	$63,126	$107,713	$1,792,208	$-44,587

MASSACHUSETTS AVENUE HOUSING DEVELOPMENT FUND CORPORATION