Margaret Ford Manor Ltd

EIN: 311514417 501(c)(3) Housing & Shelter

CHICAGO, IL

Total Revenue
$1,009,499
Total Expenses
$1,118,735
Total Assets
$2,676,105
Net Assets
$-2,369,872
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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
1997
Legal Domicile
IL
Principal Officer
Pastor Kevin A Ford
Phone
7739249171
Tax Period
2024-01-01 to 2024-12-31

Margaret Ford Manor Ltd, founded in 1997, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.1M exceeded revenue, resulting in a 11% operating deficit.

Mission

Provide affordable housing to low and moderate income elderly and disabled residents

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,004,741
Investment Income $337
Other Revenue $4,421
TOTAL REVENUE $1,009,499

Expense Breakdown

Grants Paid $0
Salaries & Benefits $284,418
Fundraising Expenses $0
Program Expenses $1,118,735
Other Expenses $834,317
TOTAL EXPENSES $1,118,735

Year-over-Year Comparison

2024 2023 Change
Revenue $1,009,499 $902,256 +0.1%
Expenses $1,118,735 $1,022,720 +0.1%
Net Income $-109,236 $-120,464 -0.1%
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

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Governance

Voting Members
7
Independent Members
N/A
Employees
9
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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Pastor K Ford President 2
Officer Director
$0 $0 $0
Dolly Dockery Secretary 2
Officer Director
$0 $0 $0
Betty J Jones VP & Treasurer 2
Officer Director
$0 $0 $0
Kwame Bandele Director 2
Director
$0 $0 $0
E Blasius Director 1
Director
$0 $0 $0
J Henderson Director 1
Director
$0 $0 $0
M Harris Director 1
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 $1,009,499 $1,118,735 $2,676,105 $-109,236
2023 $902,256 $1,022,720 $2,747,091 $-120,464
2022 $931,883 $1,037,213 $2,906,339 $-105,330
2021 $985,252 $1,009,488 $3,037,237 $-24,236
2020 $957,501 $1,118,288 $3,076,340 $-160,787
2019 $1,013,618 $1,040,767 $3,198,514 $-27,149
2018 $1,017,092 $1,191,990 $3,193,738 $-174,898
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