MELROSE COMMONS SUPPORTIVE HOUSING… - 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

2015

Legal Domicile

Principal Officer

CYNTHIA WAINWRIGHT

Phone

2126633000

Tax Period

2019-10-01 to 2020-09-30

Mission

TO PROVIDE AFFORDABLE HOUSING TO PERSONS OF LOW INCOME.

Program Service Accomplishments

Program 1

ON MARCH 23, 2015, MELROSE COMMONS HDFC WAS INCORPORATED PURSUANT TO THE PRIVATE HOUSING FINANCE LAW AND THE NOT-FOR-PROFIT CORPORATION LAW, BOTH OF THE STATE OF NEW YORK, TO PURCHASE PROPERTY. THE CONSTRUCTION CLOSING OCCURRED IN JUNE 2016, AT WHICH TIME THE BRIDGE INC., THE ORGANIZATION'S SPONSOR, STARTED CONSTRUCTION OF A 59-BED RESIDENCE THAT WILL PROVIDE SUPPORTED HOUSING FOR HOMELESS MENTALLY ILL ADULTS WITH PREFERENCE FOR VETERANS. AT THE TIME OF THE CLOSING, MELROSE COMMONS HDFC TRANSFERRED OWNERSHIP TO THE MELROSE COMMONS SUPPORTIVE LIMITED PARTNERSHIP.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2019	2018	Change
Revenue	N/A	N/A	N/A
Expenses	N/A	N/A	N/A
Net Income	N/A	$0	N/A

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

$267,036

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN WIVIOTT	CEO	0.50	Officer	$0	$16,100	$267,036
CYNTHIA C WAINWRIGHT	PRESIDENT	0.10	Officer Director	$0	$0	$0
ALBERT E MAYAS	SECRETARY	0.10	Officer Director	$0	$0	$0
CAROL BUCKLER	TREASURER	0.10	Officer 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
2020	No data	No data	$12,728,439	No data
2019	No data	No data	$20,591,636	No data

MELROSE COMMONS SUPPORTIVE HOUSING DEVELOPMENT FUND COMPANY INC