MDBM-DRAKE SENIOR HOUSING CORPORATION (EIN 362296657) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

ELIZABETH GOLESKI

Phone

2486266100

Tax Period

2023-01-01 to 2023-12-31

MDBM-DRAKE SENIOR HOUSING CORPORATION, founded in 2007, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $235K, a strong 17% operating margin.

Mission

TO PROVIDE LOW INCOME HOUSING TO THE ELDERLY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $996,220

Program Service Revenue $424,405

Investment Income $359

Other Revenue $542

TOTAL REVENUE $1,421,526

Expense Breakdown

Grants Paid $0

Salaries & Benefits $373,244

Fundraising Expenses $0

Program Expenses $1,056,176

Other Expenses $813,667

TOTAL EXPENSES $1,186,911

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,421,526	$1,284,352	+0.1%
Expenses	$1,186,911	$1,277,529	-0.1%
Net Income	$234,615	$6,823	+33.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$384,561

Total Directors

$690,408

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW SCOTT	TREASURER	0.25	Officer Director	$0	$0	$0
ELIZABETH GOLESKI	CEO/PRESIDENT	1.00	Officer Director	$0	$12,962	$253,230
RYAN GOLESKI	DEVELOPMENT DIRECTOR	1.00	Director	$0	$20,580	$184,385
SRIDEVI NISTALA	SECRETARY/CORPORATE DIR. OF FINANCE	10.00	Officer Director	$0	$18,507	$131,331
RYAN DOELLE	HOUSING DIRECTOR	10.00	Director	$0	$19,592	$121,462
KALPESH PATEL	DIRECTOR	0.25	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
2024	No data	No data	No data	No data
2023	$1,421,526	$1,186,911	$1,674,848	$234,615
2022	$1,284,352	$1,277,529	$1,571,875	$6,823
2021	$981,471	$1,079,732	$1,832,185	$-98,261
2020	$975,653	$1,088,966	$1,964,870	$-113,313
2019	$975,376	$1,067,261	$1,967,309	$-91,885
2018	$937,318	$1,060,895	$2,204,102	$-123,577

MDBM-DRAKE SENIOR HOUSING CORPORATION