MULFORD SQUARE PRESERVATION CORP (EIN 364082001) - 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

1996

Legal Domicile

Principal Officer

ALAN SCIMECA

Phone

8476950309

Tax Period

2023-07-01 to 2024-06-30

MULFORD SQUARE PRESERVATION CORP, founded in 1996, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2017. Net assets of $3.5M represent 41 months of operating reserves.

Mission

DEVELOPMENT AND OPERATION OF AFFORDABLE HOUSING FOR LOW INCOME INDIVIDUALS/FAMILIES

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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 $0

Program Service Revenue $0

Investment Income $725

Other Revenue $171,560

TOTAL REVENUE $172,285

Expense Breakdown

Grants Paid $157,540

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $157,542

Other Expenses $2

TOTAL EXPENSES $157,542

Year-over-Year Comparison

	2023	2022	Change
Revenue	$172,285	$2,340,903	-0.9%
Expenses	$157,542	$4,469,070	-1.0%
Net Income	$14,743	$-2,128,167	-1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN SCIMECA	PRESIDENT	1.00	Officer Director	$0	$0	$0
MIKE WARREN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
WILLIAM PADULA	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
2024	$172,285	$157,542	No data	$14,743
2023	$2,340,903	$4,469,070	$26,336	$-2,128,167
2022	$1,058,952	$2,087,983	$4,858,177	$-1,029,031
2021	$1,113,163	$1,016,316	$5,925,714	$96,847
2020	$1,028,833	$1,958,443	$5,874,065	$-929,610
2019	$1,949,967	$2,000,467	$6,839,186	$-50,500
2018	$1,011,647	$1,101,521	$6,948,379	$-89,874

MULFORD SQUARE PRESERVATION CORP