BRUNSWICK HOUSING DEVELOPMENT CORP

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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

1991

Legal Domicile

Principal Officer

SHERRI SCHEETZ

Phone

3307257531

Tax Period

2024-07-01 to 2025-06-30

BRUNSWICK HOUSING DEVELOPMENT CORP, founded in 1991, is a small nonprofit in the Housing & Shelter sector that reported $575K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $552K left a modest 4% surplus.

Mission

THE CORPORATION IS AN AFFILIATE OF MEDINA METROPOLITAN HOUSING AUTHORITY AND THE CORPORATION PROVIDES LOW TO MODERATE-INCOME FAMILIES IN MEDINA COUNTY, OHIO WITH AFFORDABLE HOUSING VIA THE RENTAL UNITS IN VARIOUS HOUSING DEVELOPMENTS THAT IT OWNS.

Program Service Accomplishments

Program 1

Expenses: $510,647 Revenue: $316,746

RENTAL DEVELOPMENTS LEASED BY MEDINA METROPOLITAN HOUSING AUTHORITY (MMHA) TO ENABLE MMHA TO SUBLET THE DWELLING UNITS TO ELIGIBLE TENANTS.

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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 $189,871

Program Service Revenue $316,746

Investment Income $68,230

Other Revenue $0

TOTAL REVENUE $574,847

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $510,647

Other Expenses $551,767

TOTAL EXPENSES $551,767

Year-over-Year Comparison

	2024	2023	Change
Revenue	$574,847	$448,138	+0.3%
Expenses	$551,767	$521,686	+0.1%
Net Income	$23,080	$-73,548	-1.3%

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

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
JEFFERY EBLE	PRESIDENT	1.00	Officer Director	$0	$0	$0
CINDIE SCHNEIDER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SHERRI SCHEETZ	SECRETARY/TREASURER	1.00	Officer 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	$574,847	$551,767	$1,956,670	$23,080
2024	$448,138	$521,686	$2,034,863	$-73,548
2023	$544,507	$512,641	$2,242,286	$31,866
2022	$582,046	$563,224	$2,286,195	$18,822
2021	$428,191	$501,535	$2,793,793	$-73,344
2020	$1,239,818	$609,427	$3,707,800	$630,391
2019	$437,312	$462,150	$3,343,547	$-24,838
2018	$14,885	$690,912	$3,589,148	$-676,027