MILLENNIUM HOUSING FOUNDATION INC

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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

1997

Legal Domicile

Principal Officer

THOMAS VAN VLEET

Phone

8153978827

Tax Period

2018-10-01 to 2018-12-31

MILLENNIUM HOUSING FOUNDATION INC, founded in 1997, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2018. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $6.4M exceeded revenue, resulting in a 230% operating deficit.

Mission

THE ORGANIZATION WAS FORMED FOR THE PURPOSE OF PRESERVING AND DEVELOPING DECENT, SAFE AND AFFORDABLE HOUSING. THE ORGANIZATION FULFILLS ITS MISSION THROUGH ACQUISITION, REHABILITATION AND NEW DEVELOPMENT IN URBAN AND RURAL AREAS LOCATED IN SOUTHEASTERN WISCONSIN.

Program Service Accomplishments

Program 1

Expenses: $6,283,131 Revenue: $856,996

MONROE PLAZA PROVIDES 197 LOW-INCOME APARTMENTS TO ELDERLY AND DISABLED TENANTS IN GREEN BAY, WISCONSIN AND IS SUBSIDIZED BY PROJECT FUNDS SERVED APPROXIMATELY 4,250 MEALS IN 2018. THE NURSING...

MONROE PLAZA PROVIDES 197 LOW-INCOME APARTMENTS TO ELDERLY AND DISABLED TENANTS IN GREEN BAY, WISCONSIN AND IS SUBSIDIZED BY PROJECT FUNDS SERVED APPROXIMATELY 4,250 MEALS IN 2018. THE NURSING PROGRAM WHICH IS ALSO SUBSIDIZED BY PROJECT FUNDS COVERED APPROXIMATELY 175 HOURS OF NURSING CARE FOR TENANTS IN 2018.FERNWOOD COURT PROVIDES 121 LOW-INCOME APARTMENTS TO ELDERLY AND DISABLED TENANTS IN MILWAUKEE, WISCONSIN AND IS SUBSIDIZED BY PROJECT FUNDS SERVED APPROXIMATELY 11,741 MEALS IN 2018.ROCKLAND COURT PROVIDES 83 LOW-INCOME APARTMENTS TO FAMILIES IN FORT ATKINSON, WISCONSIN AND IS SUBSIDIZED BY GOVERNMENTAL PAYMENTS.SPRING GLEN PROVIDES 40 LOW-INCOME APARTMENTS TO ELDERLY AND DISABLED TENANTS IN MAYVILLE, WISCONSIN AND IS SUBSIDIZED BY GOVERNMENTAL PAYMENTS.OAKWOOD PROVIDES 41 LOW-INCOME APARTMENTS TO ELDERLY TENANTS IN MEQUON, WISCONSIN AND IS SUBSIDIZED BY GOVERNMENTAL PAYMENTS.CUDAHY PROVIDES 12 LOW-INCOME APARTMENTS TO ELDERLY TENANTS IN CUDAHY, WISCONSIN AND IS SUBSIDIZED BY GOVERNMENTAL PAYMENTS.JANESVILLE I PROVIDES 19 LOW-INCOME APARTMENTS TO ELDERLY TENANTS IN JANESVILLE, WISCONSIN AND IS SUBSIDIZED BY GOVERNMENTAL PAYMENTS.JANESVILLE II PROVIDES 20 LOW-INCOME APARTMENTS TO ELDERLY TENANTS IN JANESVILLE, WISCONSIN AND IS SUBSIDIZED BY GOVERNMENTAL PAYMENTS.VILLA ST. TERESA PROVIDES 66 LOW-INCOME APARTMENTS TO ELDERLY TENANTS IN OSHKOSH, WISCONSIN AND IS SUBSIDIZED BY GOVERNMENTAL PAYMENTS.TEAMSTER RETIREE HOUSING OF JANESVILLE PROVIDES 50 LOW-INCOME APARTMENTS TO ELDERLY TENANTS IN JANESVILLE, WISCONSIN AND IS SUBSIDIZED BY GOVERNMENTAL PAYMENTS.

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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 (2018)

Revenue Breakdown

Contributions & Grants $1,065,838

Program Service Revenue $856,996

Investment Income $3,138

Other Revenue $5,353

TOTAL REVENUE $1,931,325

Expense Breakdown

Grants Paid $4,552,840

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,283,131

Other Expenses $1,822,279

TOTAL EXPENSES $6,375,119

Year-over-Year Comparison

	2018	2017	Change
Revenue	$1,931,325	$6,712,679	-0.7%
Expenses	$6,375,119	$9,975,229	-0.4%
Net Income	$-4,443,794	$-3,262,550	+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

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
JACK AHRENS	DIRECTOR/VP/TREASURER	1.00	Officer Director	$0	$0	$0
THOMAS VAN VLEET	DIRECTOR/PRESIDENT	2.00	Officer Director	$0	$0	$0
JOHN CONSTANTINE	DIRECTOR/SECRETARY	1.00	Officer Director	$0	$0	$0
KEN SMITH	DIRECTOR	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
2018	$1,931,325	$6,375,119	No data	$-4,443,794