ASSISI HOMES - JEFFERSON COURT INC (EIN 391771526) - 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

1993

Legal Domicile

Principal Officer

MARK ANGELINI

Phone

3038303300

Tax Period

2023-01-01 to 2023-12-31

ASSISI HOMES - JEFFERSON COURT INC, founded in 1993, is a community nonprofit in the Housing & Shelter sector that reported $2.9M in total revenue in fiscal year 2023. The organization ran a surplus of $593K, a strong 20% operating margin.

Mission

ASSISI HOMES - JEFFERSON COURT, INC. IS A NON-STOCK, NOT-FOR-PROFIT CORPORATION FORMED ON JUNE 1, 1993, IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF WISCONSIN. CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 222-UNIT COMMUNITY LOCATED IN MILWAUKEE, WISCONSIN, WHICH PROVIDES HOUSING AND RELATED SERVICES FOR VERY LOW INCOME ELDERLY OR DISABLED PERSONS. THE CORPORATION RECEIVES HOUSING ASSISTANCE AND CAPITAL ADVANCES FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.

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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 $1,885,767

Program Service Revenue $943,593

Investment Income $1,512

Other Revenue $62,908

TOTAL REVENUE $2,893,780

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,219,927

Other Expenses $2,300,947

TOTAL EXPENSES $2,300,947

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,893,780	$2,798,721	+0.0%
Expenses	$2,300,947	$2,228,468	+0.0%
Net Income	$592,833	$570,253	+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

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

$1,645,304

Total Directors

$704,745

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE ROSENBLUM	SECRETARY/DIRECTOR	1.00	Officer Director	$0	$10,201	$232,549
KASSIDI BOENING	VICE PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$28,633	$172,677
MELISSA CLAYTON	VICE PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$33,798	$299,519
BRUCE SAAB	VICE PRESIDENT (UNTIL 10/23)	1.00	Officer	$0	$13,324	$98,303
CHAD PAYNE	TREASURER	1.00	Officer	$0	$8,496	$200,685
FATMAH FARRAJ	VICE PRESIDENT	1.00	Officer	$0	$12,560	$177,119
MARK ANGELINI	PRESIDENT	1.00	Officer	$0	$11,727	$256,820
EDGAR FLAGG III	VICE PRESIDENT	1.00	Officer	$0	$26,276	$207,632

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	No data	No data	No data
2023	$2,893,780	$2,300,947	$6,869,610	$592,833
2022	$2,798,721	$2,228,468	$7,215,669	$570,253
2021	$2,758,930	$2,777,482	$7,545,292	$-18,552
2020	$2,744,881	$2,418,232	$7,823,610	$326,649
2019	$2,675,432	$2,407,979	$8,342,458	$267,453
2018	$2,630,914	$2,466,700	$8,966,495	$164,214

ASSISI HOMES - JEFFERSON COURT INC