METRO NORTH HOUSING CORP (EIN 474781061) - 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

2015

Legal Domicile

Principal Officer

LAURA SPARK

Phone

6176377152

Tax Period

2023-10-01 to 2024-09-30

METRO NORTH HOUSING CORP, founded in 2015, is a small nonprofit in the Housing & Shelter sector that reported $722K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $677K left a modest 6% surplus.

Mission

DEVELOP AND OPERATE AFFORDABLE HOUSING FOR LOW INCOME AND HOMELESS PERSONS IN THE METRO NORTH AREA.

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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 $658,559

Program Service Revenue $63,358

Investment Income $0

Other Revenue $0

TOTAL REVENUE $721,917

Expense Breakdown

Grants Paid $0

Salaries & Benefits $45,947

Fundraising Expenses $0

Program Expenses $335,412

Other Expenses $631,131

TOTAL EXPENSES $677,078

Year-over-Year Comparison

	2023	2022	Change
Revenue	$721,917	$765,060	-0.1%
Expenses	$677,078	$514,029	+0.3%
Net Income	$44,839	$251,031	-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

$52,625

Total Directors

$52,625

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANNY LEBLANC	EXECUTIVE DIRECTOR	11.00	Officer Director	$52,625	$0	$52,625
LAURA SPARK	PRESIDENT	5.00	Officer Director	$0	$0	$0
LARRY GOTTLIEB	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
GERALD ZAIS	TREASURER	5.00	Officer Director	$0	$0	$0
SARA BRANDON	CLERK	2.00	Officer Director	$0	$0	$0
RENEE CAMMARATA HAMILTON	DIRECTOR	2.00	Director	$0	$0	$0
KAREN COLON HAYES	DIRECTOR	2.00	Director	$0	$0	$0
MELISSA JADHAV	DIRECTOR	2.00	Director	$0	$0	$0
KATHLEEN MCKENNA	DIRECTOR	2.00	Director	$0	$0	$0
LAURA ROSI ESQ	DIRECTOR	2.00	Director	$0	$0	$0
ELLEN SMITH	DIRECTOR	5.00	Director	$0	$0	$0
GABRIELLA SNYDER STELMACK	DIRECTOR	5.00	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	$721,917	$677,078	$7,787,034	$44,839
2023	$765,060	$514,029	$5,681,102	$251,031
2022	$452,895	$465,753	$2,472,354	$-12,858
2021	$506,301	$457,165	$2,530,750	$49,136
2020	$340,838	$380,848	$2,390,075	$-40,010
2019	$195,144	$310,421	$2,370,052	$-115,277
2018	$165,213	$173,683	$2,197,637	$-8,470

METRO NORTH HOUSING CORP