METROPOLITAN HOUSING DEVELOPMENT CORPORATION (EIN 382056360) - 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

1972

Legal Domicile

Principal Officer

JAMES FRANKLIN III

Phone

8107879731

Tax Period

2023-10-01 to 2024-09-30

METROPOLITAN HOUSING DEVELOPMENT CORPORATION, founded in 1972, is a small nonprofit that reported $568K in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $538K left a modest 5% surplus.

Mission

ELDERLY CARE SERVICES

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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 $567,475

Investment Income $1,007

Other Revenue $0

TOTAL REVENUE $568,482

Expense Breakdown

Grants Paid $0

Salaries & Benefits $465,897

Fundraising Expenses $0

Program Expenses $518,374

Other Expenses $72,147

TOTAL EXPENSES $538,044

Year-over-Year Comparison

	2023	2022	Change
Revenue	$568,482	$385,635	+0.5%
Expenses	$538,044	$332,483	+0.6%
Net Income	$30,438	$53,152	-0.4%

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

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

$19,670

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES FRANKLIN	CHARIMAN	1.00	Officer	$19,670	$0	$19,670
PEGGY STRIBLING	BOARD MEMBER	1.00	Officer	$0	$0	$0
MARK ALLEN	TREASURY	1.00	Officer	$0	$0	$0
SHIRLEY LEWIS	BOARD MEMBER	1.00	Director	$0	$0	$0
DORIS VIVERETTE	BOARD MEMBER	1.00		$0	$0	$0
ANDRE PAGE	BOARD MEMBER	1.00	Director	$0	$0	$0
NORM BRYANT	BOARD MEMBER	1.00	Director	$0	$0	$0
KASSONDRA CRAWFORD	SECRETARY	1.00	Director	$0	$0	$0
PASTOR ALFRED HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
ERICA LEVERETT	BOARD MEMBER	1.00	Director	$0	$0	$0
BEVERLEY LEWIS	BOARD MEMBER	1.00	Director	$0	$0	$0
ALIYAH TIPTON	BOARD MEMBER	1.00	Director	$0	$0	$0
SHALUNDA TUCKER	BOARD MEMBER	1.00	Director	$0	$0	$0
TAQUISHA HARDY	BOARD MEMBER	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
2025	No data	No data	No data	No data
2024	$568,482	$538,044	$399,092	$30,438
2023	$385,635	$332,483	$334,108	$53,152
2022	$166,770	$173,469	$280,955	$-6,699
2021	$212,128	$159,471	$287,654	$52,657

METROPOLITAN HOUSING DEVELOPMENT CORPORATION