VILLA MERCEDE COMMUNITY URBAN REDE… - 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

1978

Legal Domicile

Principal Officer

CHARLIE MANNO

Phone

2163609441

Tax Period

2024-10-01 to 2025-09-30

VILLA MERCEDE COMMUNITY URBAN REDEVELOPMENT CORPORATION, founded in 1978, is a community nonprofit in the Housing & Shelter sector that reported $1.9M in total revenue in fiscal year 2024. Expenses of $1.9M left a modest 3% surplus.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY AND HANDICAPPED INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $1,732,046 Revenue: $618,181

THE PURPOSE OF THE CORPORATION IS TO CONSTRUCT AND OPERATE A 151 UNIT APARTMENT PROJECT UNDER SECTION 207 PURSUANT OF SECTION 223(F) AND 8 OF THE NATIONAL AFFORDABLE ACT, AS AMENDED. SUCH PROJECTS...

THE PURPOSE OF THE CORPORATION IS TO CONSTRUCT AND OPERATE A 151 UNIT APARTMENT PROJECT UNDER SECTION 207 PURSUANT OF SECTION 223(F) AND 8 OF THE NATIONAL AFFORDABLE ACT, AS AMENDED. SUCH PROJECTS ARE REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO RENT 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 (2024)

Revenue Breakdown

Contributions & Grants $1,281,662

Program Service Revenue $618,181

Investment Income $24,786

Other Revenue $0

TOTAL REVENUE $1,924,629

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,732,046

Other Expenses $1,864,961

TOTAL EXPENSES $1,864,961

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,924,629	$1,799,734	+0.1%
Expenses	$1,864,961	$1,889,684	0.0%
Net Income	$59,668	$-89,950	-1.7%

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

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
CHARLIE MANNO	PRESIDENT	0.50	Officer Director	$0	$0	$0
JOSEPH BIASIOTTA	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
ALICIA MAZZI	TREASURER	0.50	Officer Director	$0	$0	$0
MARIE FORD	SECRETARY	0.50	Officer Director	$0	$0	$0
FRANK D'ONOFIRO	TRUSTEE	0.50	Director	$0	$0	$0
LORI CROW	TRUSTEE	0.50	Director	$0	$0	$0
MICHAEL BOVENZI	TRUSTEE	0.50	Director	$0	$0	$0
CHRISTOPHER ISABELLA	TRUSTEE	0.50	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	$1,924,629	$1,864,961	$2,846,684	$59,668
2024	$1,799,734	$1,889,684	$2,864,209	$-89,950
2023	$1,760,210	$1,765,399	$2,946,150	$-5,189
2022	$1,695,895	$1,702,722	$2,976,876	$-6,827
2021	$1,626,501	$1,618,319	$3,037,382	$8,182
2020	$1,614,651	$1,556,865	$3,061,087	$57,786
2019	$1,589,612	$1,665,502	$3,070,411	$-75,890
2018	$1,557,967	$1,576,180	$3,147,731	$-18,213

VILLA MERCEDE COMMUNITY URBAN REDEVELOPMENT CORPORATION