MISSION PARK HOUSING INCORPORATED

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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

2007

Legal Domicile

Principal Officer

BARB MORRISON

Phone

4022923300

Tax Period

2024-01-01 to 2024-12-31

MISSION PARK HOUSING INCORPORATED, founded in 2007, is a small nonprofit that reported $837K in total revenue in fiscal year 2024. Expenses of $806K left a modest 4% surplus.

Mission

TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS 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 ARE TO BE PREDICATED UPON THE PROVISION, MAINTENANCE AND OPERATIONS THEREOF ON A NONPROFIT BASIS.

Program Service Accomplishments

Program 1

Expenses: $756,352 Revenue: $434,359

PROVIDE LOW INCOME HOUSING FOR ELDERLY/HANDICAPPED INDIVIDUALS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $401,533

Program Service Revenue $434,359

Investment Income $819

Other Revenue $0

TOTAL REVENUE $836,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $157,295

Fundraising Expenses $0

Program Expenses $756,352

Other Expenses $648,992

TOTAL EXPENSES $806,287

Year-over-Year Comparison

	2024	2023	Change
Revenue	$836,711	$815,148	+0.0%
Expenses	$806,287	$846,884	0.0%
Net Income	$30,424	$-31,736	-2.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARB MORRISON	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRIS MCMEEKIN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CAROLYN HESS	TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0
BILL BOWES	DIRECTOR	1.00	Director	$0	$0	$0
RORY FROEHLICH	DIRECTOR	1.00	Director	$0	$0	$0
IVNA JOHNSON	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
2024	$836,711	$806,287	$529,402	$30,424
2023	$815,148	$846,884	$551,188	$-31,736
2022	$794,349	$770,316	$613,524	$24,033
2021	$773,303	$823,766	$640,503	$-50,463
2020	$761,629	$757,493	$741,906	$4,136