MUNCIE HOME OWNERSHIP AND REVITALIZATION INC

EIN: 351765399 501(c)(3)

MUNCIE, IN

Total Revenue
$116,731
Total Expenses
$114,015
Total Assets
$975,098
Net Assets
$891,607
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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
1988
Legal Domicile
IN
Principal Officer
PENNY LEACH
Phone
7652826656
Tax Period
2020-10-01 to 2021-09-30

MUNCIE HOME OWNERSHIP AND REVITALIZATION INC, founded in 1988, is a small nonprofit that reported $117K in total revenue in fiscal year 2020. Revenue fell 56% from the prior year — a significant decline worth monitoring. Net assets of $892K represent 92 months of operating reserves.

Mission

TO PROMOTE ECONOMIC DEVELOPMENT AND HOUSING REVITALIZATION IN THE CITY OF MUNCIE.

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $21,671
Program Service Revenue $92,287
Investment Income $0
Other Revenue $2,773
TOTAL REVENUE $116,731

Expense Breakdown

Grants Paid $0
Salaries & Benefits $37,300
Fundraising Expenses $0
Program Expenses $41,642
Other Expenses $76,715
TOTAL EXPENSES $114,015

Year-over-Year Comparison

2020 2019 Change
Revenue $116,731 $262,769 -0.6%
Expenses $114,015 $256,371 -0.6%
Net Income $2,716 $6,398 -0.6%
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

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Governance

Voting Members
3
Independent Members
3
Employees
1
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
3
$58,187
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PENNY LEACH EXECUTIVE DI 40.00
Officer
$58,187 $0 $58,187
JOANNA REECE PRESIDENT 1.00
Officer Director
$0 $0 $0
MICHAEL ROST DIRECTOR 1.00
Director
$0 $0 $0
JOY STEWART SECRETARY/TR 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
2021 $116,731 $114,015 $975,098 $2,716
2020 $262,769 $256,371 $983,871 $6,398
2019 $337,258 $423,907 $984,196 $-86,649
2018 $575,162 $345,342 $1,048,523 $229,820
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