MEADOW LANE HOUSING DEVELOPMENT FU… - Form 990 Financial Data

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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

RITA C MABLI

Phone

9146322804

Tax Period

2023-01-01 to 2023-12-31

MEADOW LANE HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2013, is a small nonprofit in the Housing & Shelter sector that reported $570K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $763K exceeded revenue, resulting in a 34% operating deficit.

Mission

MEADOW LANE HOUSING DEVELOPMENT FUND COMPANY, INC. ("MEADOW LANE") PURPOSE IS TO DEVELOP, OWN, AND OPERATE, ON A NONPROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME, AND IN PARTICULAR TO PROVIDE ELDERLY PERSONS AND DISABLED PERSONS OF LOW INCOME WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING, THE CHARGES FOR SUCH FACILITIES AND SERVICES TO BE PREDICATED UPON THE PREVISION, MAINTENANCE, AND OPERATION HEREOF ON A NONPROFIT BASIS.

Program Service Accomplishments

Program 1

Expenses: $564,875 Revenue: $161,520

MEADOW LANE OWNS AND OPERATES A 32-UNIT SENIOR HOUSING FACILITY FOR LOW-INCOME ELDERLY PERSONS IN NEW ROCHELLE, NEW YORK, UNDER SECTION 202 OF THE NATIONAL HOUSING ACT.

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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 $406,090

Program Service Revenue $161,520

Investment Income $272

Other Revenue $1,740

TOTAL REVENUE $569,622

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $564,875

Other Expenses $763,412

TOTAL EXPENSES $763,412

Year-over-Year Comparison

	2023	2022	Change
Revenue	$569,622	$501,931	+0.1%
Expenses	$763,412	$760,209	+0.0%
Net Income	$-193,790	$-258,278	-0.2%

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

$1,650,711

Total Directors

$1,244,354

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RITA C MABLI	PRESIDENT & CEO	0.50	Officer Director	$0	$97,098	$1,244,354
ROSEMARY MCLAUGHLIN	CHAIRWOMAN	0.50	Officer Director	$0	$0	$0
MALCOLM LAZARUS	TREASURER	0.50	Officer Director	$0	$0	$0
MARK HARTMAN	SECRETARY	0.50	Officer Director	$0	$0	$0
ANTHONY NARDOZZI	DIRECTOR	0.50	Director	$0	$0	$0
RABIA DE LANDE LONG	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTINA L VILLANUEVA	CFO	0.50	Officer	$0	$55,134	$406,357

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	$569,622	$763,412	$7,162,703	$-193,790
2022	$501,931	$760,209	$7,328,395	$-258,278
2021	$507,418	$716,757	$7,599,371	$-209,339
2020	$473,864	$685,759	$7,791,279	$-211,895
2019	$466,303	$665,437	$8,010,040	$-199,134
2018	$390,264	$652,761	$8,203,911	$-262,497

MEADOW LANE HOUSING DEVELOPMENT FUND COMPANY INC