MANHATTAN AREA HOUSING PARTNERSHIP INC (EIN 481053950) - 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

1988

Legal Domicile

Principal Officer

CHRISTOPHER BAILEY

Phone

7855870613

Tax Period

2024-01-01 to 2024-12-31

MANHATTAN AREA HOUSING PARTNERSHIP INC, founded in 1988, is a small nonprofit in the Housing & Shelter sector that reported $821K in total revenue in fiscal year 2024. Expenses of $989K exceeded revenue, resulting in a 20% operating deficit.

Mission

SEE STATEMENT 1, DESCRIPTION OF THE ORGANIZATION'S MISSION AND MOST SIGNIFICANT ACTIVITIES.

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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 $3,799

Program Service Revenue $798,179

Investment Income $19,411

Other Revenue $0

TOTAL REVENUE $821,389

Expense Breakdown

Grants Paid $0

Salaries & Benefits $388,857

Fundraising Expenses $0

Program Expenses $562,838

Other Expenses $599,868

TOTAL EXPENSES $988,725

Year-over-Year Comparison

	2024	2023	Change
Revenue	$821,389	$774,322	+0.1%
Expenses	$988,725	$765,250	+0.3%
Net Income	$-167,336	$9,072	-19.4%

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

Volunteers

N/A

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

$87,135

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER BAILEY	PRESIDENT/SE	5.00	Officer Director	$0	$0	$0
RICHARD WERTZBERGER	TREASURER	5.00	Officer Director	$0	$0	$0
LORRIE LOWE	CURRENT EXE	40.00	Officer	$0	$0	$0
JILL JACOBY	FORMER EXE D	40.00	Officer	$87,135	$0	$87,135
KAREN MCCULLOH	DIRECTOR	1.00	Director	$0	$0	$0
KATHY BLEAM	DIRECTOR	1.00	Director	$0	$0	$0
KITRA COOPER	DIRECTOR	1.00	Director	$0	$0	$0
NANCY WOODFORD	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	$821,389	$988,725	$2,487,543	$-167,336
2023	$774,322	$765,250	$2,684,573	$9,072
2022	$925,604	$934,138	$2,591,659	$-8,534
2021	$619,549	$485,775	$2,108,788	$133,774
2020	$519,111	$487,466	$2,032,118	$31,645
2019	$459,375	$453,073	$1,944,772	$6,302
2018	$444,665	$374,590	$1,935,671	$70,075

MANHATTAN AREA HOUSING PARTNERSHIP INC