Melrose Affordable Housing Corporation (EIN 300034668) - 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

2001

Legal Domicile

Principal Officer

Dana LeWinter

Phone

7816651622

Tax Period

2024-01-01 to 2024-12-31

Melrose Affordable Housing Corporation, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $294K in total revenue in fiscal year 2024. Expenses of $280K left a modest 5% surplus.

Mission

Affordable housing rental rates for individuals with low income.

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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 $2,000

Program Service Revenue $290,535

Investment Income $1,419

Other Revenue $0

TOTAL REVENUE $293,954

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $276,654

Other Expenses $279,672

TOTAL EXPENSES $279,672

Year-over-Year Comparison

	2024	2023	Change
Revenue	$293,954	$282,655	+0.0%
Expenses	$279,672	$384,632	-0.3%
Net Income	$14,282	$-101,977	-1.1%

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
Steve Anderson	President	1.00	Officer Director	$0	$0	$0
Ellen Connolly	Treasurer	1.00	Officer Director	$0	$0	$0
Gail Infurna	Clerk	1.00	Officer Director	$0	$0	$0
Joan Cassidy	Assistant Treasurer	1.00	Director	$0	$0	$0
Dana Lewinter	Vice President	N/A	Director	$0	$0	$0
Bob Ruzzo	Community Director	N/A	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	$293,954	$279,672	$2,906,563	$14,282
2023	$282,655	$384,632	$2,928,995	$-101,977
2022	$232,099	$295,859	$2,165,350	$-63,760
2021	$245,642	$276,065	$2,256,881	$-30,423
2020	$215,384	$235,591	$2,313,365	$-20,207
2019	$214,845	$259,208	$2,345,721	$-44,363
2018	$246,533	$241,112	$2,415,222	$5,421

Melrose Affordable Housing Corporation