MANSFIELD LEASED HOUSING CORPORATI… - Form 990 Financial Data

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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

1976

Legal Domicile

Phone

4195246533

Tax Period

2024-01-01 to 2024-12-31

MANSFIELD LEASED HOUSING CORPORATION, founded in 1976, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2024. Expenses of $1.1M left a modest 7% surplus.

Mission

TO PROVIDE APARTMENTS AND RELATED SERVICES TO LOW INCOME ELDERLY INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $1,002,248

PROVIDED 158 APARTMENTS AND RELATED SERVICES TO LOW INCOME, ELDERLY INDIVIDUALS. ALL EXPENSES WERE INCURRED IN CARRYING OUT THIS PURPOSE.

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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 $1,118,835

Investment Income $13,489

Other Revenue $3,939

TOTAL REVENUE $1,136,263

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,002,248

Other Expenses $1,051,790

TOTAL EXPENSES $1,051,790

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,136,263	$1,138,799	0.0%
Expenses	$1,051,790	$894,771	+0.2%
Net Income	$84,473	$244,028	-0.7%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH BOCKA	President	2.00	Officer Director	$0	$0	$0
DUANA PATTON	Board Member	2.00	Director	$0	$0	$0
SALLY GESOURAS	Vice President	2.00	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
2025	No data	No data	No data	No data
2024	$1,136,263	$1,051,790	$1,448,303	$84,473
2023	$1,138,799	$894,771	$1,039,056	$244,028
2022	$887,005	$814,746	$758,385	$72,259
2021	$682,540	$734,535	$709,362	$-51,995
2020	$661,324	$682,680	$773,313	$-21,356
2019	$671,280	$673,346	$798,953	$-2,066
2018	$666,991	$661,873	$775,548	$5,118

MANSFIELD LEASED HOUSING CORPORATION