MATTHEWS PARK HOUSING CORPORATION (EIN 363518765) - Form 990 Financial Analysis & Trantor Score

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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

1986

Legal Domicile

Principal Officer

ANDY HESTNESS

Phone

6123388729

Tax Period

2024-01-01 to 2024-12-31

MATTHEWS PARK HOUSING CORPORATION, founded in 1986, is a small nonprofit that reported $414K in total revenue in fiscal year 2024. The organization ran a surplus of $66K, a strong 16% operating margin.

Mission

MATTHEWS PARK HOUSING CORPORATION IS A NONPROFIT CORPORATION ORGANIZED TO ACQUIRE AND OPERATE A 24 UNIT APARTMENT BUILDING IN MINNEAPOLIS, MN FOR LOW AND MODERATE INCOME PERSONS UNDER A PROGRAM OF THE MN HOUSING FINANCE AGENCY.

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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 $0

Program Service Revenue $414,450

Investment Income $14

Other Revenue $0

TOTAL REVENUE $414,464

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $348,359

Other Expenses $348,359

TOTAL EXPENSES $348,359

Year-over-Year Comparison

	2024	2023	Change
Revenue	$414,464	$395,559	+0.0%
Expenses	$348,359	$396,438	-0.1%
Net Income	$66,105	$-879	-76.2%

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

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

$172,716

Total Directors

$172,716

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW HESTNESS	PRESIDENT	1.00	Officer Director	$0	$18,748	$172,716
SHELDON MAINS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CLAUDIA KLINKHAMMER	SECRETARY AND 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
2024	$414,464	$348,359	$1,171,055	$66,105
2023	$395,559	$396,438	$1,157,636	$-879
2022	$383,884	$331,215	$1,089,921	$52,669
2021	$362,958	$302,780	$1,048,011	$60,178
2020	$356,025	$280,808	$1,006,982	$75,217
2019	$351,909	$312,576	$943,586	$39,333
2018	$341,627	$226,248	$919,267	$115,379

MATTHEWS PARK HOUSING CORPORATION