MARIAN HOUSING CENTER INC

EIN: 391515867 501(c)(3)

DENVER, CO

Total Revenue
$477,567
Total Expenses
$467,735
Total Assets
$663,787
Net Assets
$-356,977
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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
1985
Legal Domicile
WI
Principal Officer
MARK ANGELINI
Phone
3038303300
Tax Period
2024-01-01 to 2024-12-31

MARIAN HOUSING CENTER INC, founded in 1985, is a small nonprofit that reported $478K in total revenue in fiscal year 2024.

Mission

MARIAN HOUSING CENTER INC. (THE "CORPORATION") WAS ORGANIZED ON MAY 10, 1985, AS A WISCONSIN NON-STOCK, NONPROFIT ORGANIZATION FOR THE PURPOSE OF CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT UNDER SECTION 236 OF THE NATIONAL HOUSING ACT. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS. THE PROJECT CONSISTS OF 40-UNIT APARTMENT COMMUNITY KNOWN AS MARIAN HOUSING CENTER (THE "PROPERTY") LOCATED IN RACINE, WISCONSIN.

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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 $306,280
Program Service Revenue $168,072
Investment Income $542
Other Revenue $2,673
TOTAL REVENUE $477,567

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $452,254
Other Expenses $467,735
TOTAL EXPENSES $467,735

Year-over-Year Comparison

2024 2023 Change
Revenue $477,567 $469,131 +0.0%
Expenses $467,735 $417,536 +0.1%
Net Income $9,832 $51,595 -0.8%
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
N/A
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
7
$1,622,408
Total Directors
3
$746,604
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE ROSENBLUM SECRETARY/DIRECTOR 0.10
Officer Director
$0 $10,382 $242,964
KASSIDI BOENING VICE PRESIDENT/DIRECTOR 0.10
Officer Director
$0 $31,209 $195,151
MELISSA CLAYTON VICE PRESIDENT/DIRECTOR 0.10
Officer Director
$0 $35,478 $308,489
CHAD PAYNE TREASURER 0.10
Officer
$0 $9,965 $211,480
EDGAR FLAGG III VICE PRESIDENT 0.10
Officer
$0 $28,195 $216,513
FATMAH FARRAJ VICE PRESIDENT 0.10
Officer
$0 $12,126 $183,363
MARK ANGELINI PRESIDENT 0.10
Officer
$0 $12,045 $264,448
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 $477,567 $467,735 $663,787 $9,832
2023 $469,131 $417,536 $699,109 $51,595
2022 $437,665 $418,865 $702,600 $18,800
2021 $452,626 $402,596 $690,300 $50,030
2020 $423,137 $422,986 $676,105 $151
2019 $416,053 $389,354 $706,861 $26,699
2018 $402,797 $403,644 $721,642 $-847
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