MINORITY HOUSING CORPORATION OF TO… - 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

1989

Legal Domicile

Principal Officer

DALE H CUSHINBERRY

Phone

8168614070

Tax Period

2025-01-01 to 2025-12-31

MINORITY HOUSING CORPORATION OF TOPEKA, founded in 1989, is a small nonprofit in the Housing & Shelter sector that reported $248K in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $217K left a modest 12% surplus.

Mission

NONE

Program Service Accomplishments

Program 1

Expenses: $190,342 Revenue: $244,267

THE ORGANIZATION OPERATES A LOW INCOME HOUSING APARTMENT COMPLEX OF 24 UNITS FOR THE ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND REGULATED BY THE U.S. DEPARTMENT OF...

THE ORGANIZATION OPERATES A LOW INCOME HOUSING APARTMENT COMPLEX OF 24 UNITS FOR THE ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

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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 (2025)

Revenue Breakdown

Contributions & Grants $150

Program Service Revenue $244,267

Investment Income $3,534

Other Revenue $0

TOTAL REVENUE $247,951

Expense Breakdown

Grants Paid $0

Salaries & Benefits $45,237

Fundraising Expenses $0

Program Expenses $190,342

Other Expenses $171,844

TOTAL EXPENSES $217,081

Year-over-Year Comparison

	2025	2024	Change
Revenue	$247,951	$225,932	+0.1%
Expenses	$217,081	$225,558	0.0%
Net Income	$30,870	$374	+81.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DALE H CUSHINBERRY	PRESIDENT	1.00	Officer Director	$0	$0	$0
TERRY CANADY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARIA ANDERSON	SECRETARY	0.50	Officer Director	$0	$0	$0
ALEXANDRIA HILL	MEMBER	0.50	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
2025	$247,951	$217,081	$823,757	$30,870
2024	No data	No data	No data	No data
2023	$232,059	$249,534	$837,053	$-17,475
2022	$217,842	$252,661	$874,894	$-34,819
2021	$212,014	$260,252	$927,490	$-48,238
2020	$214,123	$261,334	$996,976	$-47,211
2019	$205,377	$241,564	$1,065,547	$-36,187
2018	$202,339	$217,189	$1,184,419	$-14,850

MINORITY HOUSING CORPORATION OF TOPEKA