MT SINAI HOUSING DEVELOPMENT CORP II (EIN 311533298) - 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

1998

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

MT SINAI HOUSING DEVELOPMENT CORP II, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $514K in total revenue in fiscal year 2023. Expenses of $763K exceeded revenue, resulting in a 49% operating deficit.

Mission

The organizations only program is to provide elderly and low income housing to those who meet the qualifying standards.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $513,642

Investment Income $0

Other Revenue $0

TOTAL REVENUE $513,642

Expense Breakdown

Grants Paid $0

Salaries & Benefits $119,535

Fundraising Expenses $0

Program Expenses $689,004

Other Expenses $643,641

TOTAL EXPENSES $763,176

Year-over-Year Comparison

	2023	2022	Change
Revenue	$513,642	$492,769	+0.0%
Expenses	$763,176	$644,152	+0.2%
Net Income	$-249,534	$-151,383	+0.6%

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

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
CLIFFORD TURNER	BOARD MEMBER	1.00	Officer	$0	$0	$0
DR RB HOLMES	BOARD MEMBER	1.00	Officer	$0	$0	$0
REV ERIC JACKSON	BOARD MEMBER	1.00	Officer	$0	$0	$0
DR MICHAEL NOBLE	BOARD MEMBER	1.00	Officer	$0	$0	$0
DR RAYMOND BOWMAN	BOARD MEMBER	1.00	Officer	$0	$0	$0
DR JOHNNY HAMPTON	DIRECTOR HOUSING DEVELOPMENT	1.00	Officer	$0	$0	$0
DR CHARLES SOUTHALL	BOARD MEMBER	1.00	Officer	$0	$0	$0
DR CARL SMALL	VICE PRESIDENT	1.00	Officer	$0	$0	$0
KEITH CORBETT	TREASURER	1.00	Officer	$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
2023	$513,642	$763,176	$3,514,116	$-249,534
2022	$492,769	$644,152	$3,618,545	$-151,383
2021	$513,415	$490,426	$3,719,746	$22,989
2020	$481,179	$544,256	$3,689,984	$-63,077

MT SINAI HOUSING DEVELOPMENT CORP II