MIDDLETOWN HOMES INC (EIN 455106534) - 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

2012

Legal Domicile

Principal Officer

MICHAEL HAGGERTY

Phone

6096890136

Tax Period

2023-07-01 to 2024-06-30

MIDDLETOWN HOMES INC, founded in 2012, is a micro nonprofit in the Housing & Shelter sector that reported $77K in total revenue in fiscal year 2023. Expenses of $116K exceeded revenue, resulting in a 49% operating deficit.

Mission

OPERATION OF GROUP HOMES FOR PERSONS WITH DEVELOPMENTAL DISABILITIES.

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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 $39,039

Program Service Revenue $37,737

Investment Income $670

Other Revenue $0

TOTAL REVENUE $77,446

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,000

Fundraising Expenses $0

Program Expenses $89,524

Other Expenses $103,524

TOTAL EXPENSES $115,524

Year-over-Year Comparison

	2023	2022	Change
Revenue	$77,446	$78,375	0.0%
Expenses	$115,524	$97,553	+0.2%
Net Income	$-38,078	$-19,178	+1.0%

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

Employees

N/A

Volunteers

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

$682,428

Total Directors

$682,428

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL HAGGERTY	CHIEF EXECUTIVE OFFICER	2.00	Officer Director	$0	$29,476	$438,288
RICHARD MANALL	CHIEF FINANCIAL OFFICER	2.00	Officer Director	$0	$25,572	$244,140
ANDRE CALDINI	TRUSTEE	1.00	Director	$0	$0	$0
PAULA JEAN HARRINGTON	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL MARRAZZO	TRUSTEE	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
2025	No data	No data	No data	No data
2024	$77,446	$115,524	$1,675,829	$-38,078
2023	$78,375	$97,553	$1,731,826	$-19,178
2022	$75,985	$98,191	$1,742,712	$-22,206
2021	$73,740	$118,001	$1,800,418	$-44,261
2020	$124,648	$96,473	$1,566,228	$28,175
2019	$67,557	$104,332	$1,523,883	$-36,775
2018	$12,508	$40,064	$1,515,375	$-27,556

MIDDLETOWN HOMES INC