MRC MELROSE HOUSING DEVELOPMENT FUND CORPORATION (EIN 461680265) - 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

2013

Legal Domicile

Principal Officer

PAUL MOORE

Phone

7185897858

Tax Period

2022-07-01 to 2023-06-30

MRC MELROSE HOUSING DEVELOPMENT FUND CORPORATION, founded in 2013, is a small nonprofit in the Housing & Shelter sector that reported $544K in total revenue in fiscal year 2022. Expenses of $644K exceeded revenue, resulting in a 18% operating deficit.

Mission

AFFORDABLE HOUSING PROJECT FOR PERSONS OF LOW INCOME.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $544,053

Investment Income $0

Other Revenue $0

TOTAL REVENUE $544,053

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $643,915

Other Expenses $643,915

TOTAL EXPENSES $643,915

Year-over-Year Comparison

	2022	2021	Change
Revenue	$544,053	$551,042	0.0%
Expenses	$643,915	$608,019	+0.1%
Net Income	$-99,862	$-56,977	+0.8%

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

$190,807

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HELEN FOREMAN-HINES	PRESIDENT	1.00	Officer Director	$0	$0	$0
IZZY KUKAJ	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
ROBERT BALACHANDRAN	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
FREDRICA CLARK	SECRETARY	0.50	Officer Director	$0	$0	$0
SEAN TURNER	TREASURER	0.50	Officer Director	$0	$0	$0
JACKIE FORBES-CLARK	DIRECTOR	0.50	Director	$0	$0	$0
ROSEMARIE GORDON	DIRECTOR	0.50	Director	$0	$0	$0
RITA JONES	DIRECTOR	0.50	Director	$0	$0	$0
ABIGAIL TAYLOR	DIRECTOR	0.50	Director	$0	$0	$0
PAUL MOORE	EXECUTIVE DIRECTOR	5.00	Officer	$0	$0	$190,807

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
2023	$544,053	$643,915	$3,679,406	$-99,862
2022	$551,042	$608,019	$3,780,025	$-56,977
2021	$554,595	$583,512	$3,805,736	$-28,917

MRC MELROSE HOUSING DEVELOPMENT FUND CORPORATION