THE MULFORD CORPORATION

EIN: 421690952 501(c)(3) Philanthropy & Grantmaking

YONKERS, NY

Total Revenue
$2,071,885
Total Expenses
$3,659,649
Total Assets
$19,695,138
Net Assets
$19,031,686
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
NY
Principal Officer
BRIAN SWEENEY
Phone
4105058936
Tax Period
2023-01-01 to 2023-12-31

THE MULFORD CORPORATION, founded in 2008, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 137% from the prior year, signaling strong growth momentum. Expenses of $3.7M exceeded revenue, resulting in a 77% operating deficit.

Mission

TO SUPPORT THE GOVERNMENTAL ACTIVITIES AND GOALS OF THE MUNICIPAL HOUSING FOR THE CITY OF YONKERS, NY.

Program Service Accomplishments

Program 1
Expenses: $3,384,027 Revenue: $1,910,792

PROVIDES SOCIAL SERVICES TO RESIDENTS OF THE LOW AND MODERATE INCOME HOUSING PROJECTS OPERATED BY THE MUNICIPAL HOUSING AUTHORITY FOR THE CITY OF YONKERS, TO INCREASE THE ACCESSIBILITY OF LOW-INCOME...

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PROVIDES SOCIAL SERVICES TO RESIDENTS OF THE LOW AND MODERATE INCOME HOUSING PROJECTS OPERATED BY THE MUNICIPAL HOUSING AUTHORITY FOR THE CITY OF YONKERS, TO INCREASE THE ACCESSIBILITY OF LOW-INCOME HOUSING, TO RAISE FUNDS TO SUPPLEMENT MHACY'S LOW-INCOME HOUSING PROJECTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $76,500
Program Service Revenue $1,910,792
Investment Income $84,593
Other Revenue $0
TOTAL REVENUE $2,071,885

Expense Breakdown

Grants Paid $489,309
Salaries & Benefits $1,227,343
Fundraising Expenses $11,481
Program Expenses $3,384,027
Other Expenses $1,931,516
TOTAL EXPENSES $3,659,649

Year-over-Year Comparison

2023 2022 Change
Revenue $2,071,885 $873,353 +1.4%
Expenses $3,659,649 $4,786,883 -0.2%
Net Income $-1,587,764 $-3,913,530 -0.6%
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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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
8

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
5
$278,478
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES J LANDY CHAIR 1.00
Officer Director
$0 $0 $0
JOAN DEIERLAN DIRECTOR 1.00
Director
$0 $0 $0
JOHN J MCDONALD DIRECTOR 1.00
Director
$0 $0 $0
PATRICK JAMES DIRECTOR 1.00
Director
$0 $0 $0
EDGAR SANTANA SR DIRECTOR 1.00
Director
$0 $0 $0
JOHN SCHOPFER DIRECTOR 1.00
Director
$0 $0 $0
JEAN TICKELL DIRECTOR 1.00
Director
$0 $0 $0
WILSON KIMBALL PRESIDENT & CEO 8.00
Officer
$0 $3,050 $278,478
JOHN LISZEWSKI TREASURER 1.00
Officer
$0 $0 $0
CARLOS LABOY-DIAZ ASSISTANT TREASURER 1.00
Officer
$0 $0 $0
BRIAN SWEENEY SECRETARY 1.00
Officer
$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 No data No data No data
2023 $2,071,885 $3,659,649 $19,695,138 $-1,587,764
2022 $873,353 $4,786,883 $20,053,042 $-3,913,530
2021 $9,352,253 $1,514,756 $24,288,868 $7,837,497
2020 $7,089,297 $4,808,900 $17,769,754 $2,280,397
2019 $11,407,914 $2,292,420 $14,153,833 $9,115,494
2018 $4,774,177 $260,808 $4,979,520 $4,513,369
2018 $4,793,736 $273,808 $4,981,729 $4,519,928
2017 $341,195 $275,126 $583,013 $66,069
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