Mayors Residence Society

EIN: 383164694 501(c)(3) Public & Societal Benefit

Dearborn, MI

Total Revenue
N/A
Total Expenses
$37,702
Total Assets
$758,385
Net Assets
$758,385
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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
1994
Legal Domicile
MI
Phone
3137926246
Tax Period
2024-01-01 to 2024-12-31

Mission

Primary exempt purpose - To restore the Residence of the City of Detroit, Michigans Mayor with contributions from the local community

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $37,682
Other Expenses $37,702
TOTAL EXPENSES $37,702

Year-over-Year Comparison

2024 2023 Change
Revenue N/A $150,000 -1.0%
Expenses $37,702 $57,134 -0.3%
Net Income N/A $92,866 N/A
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
5

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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Eugene A Gargaro Jr Pres Secretary Treasurer 001.00
Officer Director
$0 $0 $0
Richard A Manoogian Chair 001.00
Officer Director
$0 $0 $0
Scott B Sinclair Director 001.00
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 No data $37,702 $758,385 No data
2023 $150,000 $57,134 $796,087 $92,866
2022 $225,000 $53,428 $703,221 $171,572
2021 $55,000 $19,701 $531,649 $35,299
2020 No data $19,701 $496,350 No data
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