MILLENNIUM HOUSING FOUNDATION INC (EIN 391904367) - 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

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

MILLENNIUM HOUSING FOUNDATION, INC. IS ORGANIZED UNDER CHAPTER 181 FOR THE PURPOSE OF DEVELOPING, PRESERVING AND PROVIDING AFFORDABLE HOUSING FOR DISABLED AND LOW-INCOME PERSONS.

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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

MILLENNIUM HOUSING FOUNDATION INC