MILLENNIUM HOUSING CORPORATION (EIN 330880696) - 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

GEORGE R TURK JR

Phone

9495155100

Tax Period

2024-07-01 to 2025-06-30

MILLENNIUM HOUSING CORPORATION, founded in 1999, is a mid-sized nonprofit in the Housing & Shelter sector that reported $34.1M in total revenue in fiscal year 2024. The organization ran a surplus of $6.7M, a strong 20% operating margin.

Mission

TO PROVIDE LOW INCOME AFFORDABLE HOUSING.

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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 $0

Program Service Revenue $32,608,774

Investment Income $1,448,381

Other Revenue $0

TOTAL REVENUE $34,057,155

Expense Breakdown

Grants Paid $413,946

Salaries & Benefits $4,278,909

Fundraising Expenses $0

Program Expenses $26,011,004

Other Expenses $22,629,249

TOTAL EXPENSES $27,322,104

Year-over-Year Comparison

	2024	2023	Change
Revenue	$34,057,155	$32,877,162	+0.0%
Expenses	$27,322,104	$26,578,995	+0.0%
Net Income	$6,735,051	$6,298,167	+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

Governance

Voting Members

Independent Members

Employees

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

$1,628,875

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON M KMETT	DIRECTOR/CHAIRMAN	0.25	Officer Director	$0	$0	$0
BOB BAGBY	DIRECTOR	0.25	Director	$0	$0	$0
KATHY WEAVER	DIRECTOR	0.25	Director	$0	$0	$0
NICK SANCHEZ	DIRECTOR	0.25	Director	$0	$0	$0
BRETT KLUEWER	DIRECTOR	0.25	Director	$0	$0	$0
GEORGE R TURK JR	PRESIDENT	26.00	Officer	$703,632	$93,575	$1,166,316
LORI M CARRAWAY	VICE PRESIDENT/COO	26.00	Officer	$268,148	$50,023	$462,559
DIANA WELSH	PROGRAM DIRECTOR	26.00	Highest	$171,672	$24,403	$196,075

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	$34,057,155	$27,322,104	$193,779,052	$6,735,051
2024	No data	No data	No data	No data
2023	$31,709,132	$27,502,751	$190,342,566	$4,206,381
2022	$31,052,319	$26,661,599	$189,019,442	$4,390,720
2021	$30,694,751	$28,048,805	$186,362,022	$2,645,946
2020	$29,853,429	$27,981,152	$185,990,606	$1,872,277
2019	$29,486,730	$27,098,145	$186,993,806	$2,388,585
2018	$28,711,410	$26,972,806	$191,684,324	$1,738,604

MILLENNIUM HOUSING CORPORATION