MAYWOOD PHOENIX HOMES INC

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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

1987

Legal Domicile

Principal Officer

BISHOP CLAUDE PORTER

Phone

7088650605

Tax Period

2023-06-01 to 2024-05-31

MAYWOOD PHOENIX HOMES INC, founded in 1987, is a micro nonprofit in the Health Care sector that reported $22K in total revenue in fiscal year 2023. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $102K exceeded revenue, resulting in a 361% operating deficit.

Mission

TO PROVIDE LOW INCOME HOUSING AND RELATED OUTREACH SERVICES

Program Service Accomplishments

Program 1

Expenses: $101,155

Upon the sale of Maywood Phoenix Homes, the Organization is continuing its mission to support affordable housing and related outreach services in the communities it serves. Accordingly it has made...

Upon the sale of Maywood Phoenix Homes, the Organization is continuing its mission to support affordable housing and related outreach services in the communities it serves. Accordingly it has made grants to Proviso Leyden Council for Community Action, Inc. to support its ongoing missions.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,150

Program Service Revenue $0

Investment Income $21,022

Other Revenue $0

TOTAL REVENUE $22,172

Expense Breakdown

Grants Paid $101,155

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $101,155

Other Expenses $1,150

TOTAL EXPENSES $102,305

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,172	$66,112	-0.7%
Expenses	$102,305	$113,604	-0.1%
Net Income	$-80,133	$-47,492	+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

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
BISHOP CLAUDE PORTER	President	1.00	Officer Director	$0	$0	$0
BISHOP JOSEPH JONES	Director	1.00	Director	$0	$0	$0
BISHOP REGINALD J SAFFO	Secretary	1.00	Officer Director	$0	$0	$0
DENNIS LARIA	Treasurer	1.00	Officer Director	$0	$0	$0
DAVID QUAS	Director	1.00	Director	$0	$0	$0
JOSPEH RATLEY JR	Director	1.00	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
2024	$22,172	$102,305	$636,897	$-80,133
2023	$66,112	$113,604	$717,030	$-47,492
2023	$66,112	$113,604	$1,011,150	$-47,492
2022	$5,130	$348,340	$765,522	$-343,210
2022	$5,130	$54,220	$1,059,642	$-49,090
2021	$11,114	$396,254	$1,109,732	$-385,140
2020	$34,274	$453,172	$1,493,872	$-418,898
2019	$6,218,248	$3,065,010	$1,918,720	$3,153,238