VILLA MICHELANGELO INC

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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

Principal Officer

SALVATORE COLOMBO

Phone

6175695590

Tax Period

2023-10-01 to 2024-09-30

VILLA MICHELANGELO INC, founded in 1998, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $1.2M exceeded revenue, resulting in a 18% operating deficit.

Mission

PROVIDES HOUSING TO LOW AND MODERATE INCOME ELDERLY

Program Service Accomplishments

Program 1

Expenses: $932,467 Revenue: $1,014,409

A COMPLEX OF 71 UNITS OF ELDERLY HOUSING LOCATED IN BOSTON, MASSACHUSETTS FOR LOW AND MODERATE INCOME ELDERLY, SUBJECT TO REGULATION BY HUD AS TO RENTAL CHARGES AND OPERATING METHODS.

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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 $1,014,409

Investment Income $4,215

Other Revenue $0

TOTAL REVENUE $1,018,624

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $932,467

Other Expenses $1,205,290

TOTAL EXPENSES $1,205,290

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,018,624	$844,078	+0.2%
Expenses	$1,205,290	$1,101,466	+0.1%
Net Income	$-186,666	$-257,388	-0.3%

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

Total Directors

Key Employees

$319,829

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANNE VALKO	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES LUISI	TREASURER	1.00	Officer Director	$0	$0	$0
PETER SCOLARO	SECRETARY	1.00	Officer Director	$0	$0	$0
DANIEL WILSON	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA MALDERO	DIRECTOR	1.00	Director	$0	$0	$0
VICTOR BROGNA	DIRECTOR	1.00	Director	$0	$0	$0
ZOLLA FELDMAN	DIRECTOR	1.00	Director	$0	$0	$0
DIANE TANSO	DIRECTOR	1.00	Director	$0	$0	$0
ALBERT J CALDARELLI	FORMER PRESIDENT/EBCDC, INC	1.00	Key Emp	$0	$17,951	$319,829
SALVATORE COLOMBO	CURRENT PRESIDENT/EBCDC, INC.	1.00	Highest	$0	$18,340	$315,776
ALBERT J FESTA	CHIEF OPERATING OFFICER	1.00	Highest	$0	$16,382	$297,947
CYNTHIA FRONDUTO LOPEZ	CHIEF FINANCIAL OFFICER	1.00	Highest	$0	$26,711	$244,600
TANYA HAHNEL	DIR. OF REAL ESTATE	1.00	Highest	$0	$13,845	$146,586

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
2025	No data	No data	No data	No data
2024	$1,018,624	$1,205,290	$4,553,716	$-186,666
2023	$844,078	$1,101,466	$4,754,755	$-257,388
2022	$821,611	$973,376	$4,954,441	$-151,765
2021	$764,121	$955,629	$5,071,823	$-191,508
2020	$775,810	$970,473	$5,233,210	$-194,663
2019	$763,677	$921,317	$5,437,766	$-157,640
2018	$771,993	$925,997	$5,572,669	$-154,004