MHC DEVELOPMENT COMPANY INC (EIN 371120291) - 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

1981

Legal Domicile

Principal Officer

JIM INGRAM

Phone

6184650120

Tax Period

2023-07-01 to 2024-06-30

MHC DEVELOPMENT COMPANY INC, founded in 1981, is a small nonprofit in the Housing & Shelter sector that reported $180K in total revenue in fiscal year 2023. Net assets of $404K represent 27 months of operating reserves.

Mission

PROVIDES PERMANENT HOUSING TO LOW INCOME, SINGLE ADULTS WITH SERIOUS MENTAL ILLNESS. APARTMENTS WITH SUBSIDIES AND A STAFF SERVICE COORDINATOR HELP TO ENSURE RESIDENTS REMAIN HOUSE AND REALIZE THEIR FULLEST POTENTIAL.

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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 $112,643

Program Service Revenue $62,528

Investment Income $4,223

Other Revenue $479

TOTAL REVENUE $179,873

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,834

Fundraising Expenses $0

Program Expenses $132,687

Other Expenses $140,727

TOTAL EXPENSES $188,561

Year-over-Year Comparison

	2023	2022	Change
Revenue	$179,873	$182,682	0.0%
Expenses	$188,561	$191,498	0.0%
Net Income	$-8,688	$-8,816	0.0%

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
PATRICIA FISCHER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JIM INGRAM	PRESIDENT	1.00	Officer Director	$0	$0	$0
STACEY OVERTURF	TREASURER	1.00	Officer Director	$0	$0	$0
DENIECE SHIVERS	DIRECTOR	1.00	Director	$0	$0	$0
TOM JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
JANETTE HEATH	SECRETARY	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
2025	No data	No data	No data	No data
2024	$179,873	$188,561	$470,749	$-8,688
2023	$182,682	$191,498	$478,690	$-8,816
2022	$176,342	$171,963	$483,596	$4,379
2021	$178,495	$166,980	$478,392	$11,515
2020	$177,307	$176,356	$465,377	$951
2019	$164,293	$168,913	$461,647	$-4,620

MHC DEVELOPMENT COMPANY INC