MBCDC CRESPI PARK APARTMENTS INC (EIN 311655567) - 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

1999

Legal Domicile

Principal Officer

CRISTIAN ARANGO II

Phone

3055380090

Tax Period

2023-10-01 to 2024-09-30

MBCDC CRESPI PARK APARTMENTS INC, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $305K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $386K exceeded revenue, resulting in a 26% operating deficit.

Mission

MBCDC CRESPI PARK APARTMENTS, INC IS A NON PROFIT ORGANIZATION INCORPORATED UNDER THE LAWS AND STATUTES OF THE STATE OF FLORIDA FOR THE PURPOSE OF PROVIDING HOUSING FACILITIES TO LOW INCOME PERSONS RESIDING IN THE MIAMI BEACH AREA.

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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 $27,565

Program Service Revenue $0

Investment Income $19

Other Revenue $277,706

TOTAL REVENUE $305,290

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,489

Fundraising Expenses $0

Program Expenses $383,170

Other Expenses $376,654

TOTAL EXPENSES $386,143

Year-over-Year Comparison

	2023	2022	Change
Revenue	$305,290	$256,813	+0.2%
Expenses	$386,143	$265,683	+0.5%
Net Income	$-80,853	$-8,870	+8.1%

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
JUANITA FRANKLIN	DIRECTOR	2.00	Director	$0	$0	$0
RAYMOND PEREIRA	TREASURER	2.00	Director	$0	$0	$0
JEREMY SHIR	DIRECTOR	2.00	Director	$0	$0	$0
MARIA BARRIOS	DIRECTOR	2.00	Director	$0	$0	$0
CICELY HODGES	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL HAMMON	CHAIRMAN	2.00	Officer	$0	$0	$0
WILL WISEHEART	SECRETARY	2.00	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
2024	$305,290	$386,143	$653,263	$-80,853
2023	$256,813	$265,683	$694,980	$-8,870
2022	$180,057	$271,383	$708,787	$-91,326
2021	$144,134	$260,646	$725,967	$-116,512
2020	$146,741	$332,600	$850,908	$-185,859
2019	$141,945	$238,520	$932,053	$-96,575
2018	$94,362	$174,270	$809,736	$-79,908

MBCDC CRESPI PARK APARTMENTS INC