FIRST MONTCLAIR HOUSING CORP 1 INC (EIN 510177339) - 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

2005

Legal Domicile

Phone

9737460895

Tax Period

2024-01-01 to 2024-12-31

FIRST MONTCLAIR HOUSING CORP 1 INC, founded in 2005, is a community nonprofit in the Housing & Shelter sector that reported $3.0M in total revenue in fiscal year 2024. Expenses of $2.7M left a modest 9% surplus.

Mission

PROVIDE HOUSING FOR LOW-INCOME SENIOR CITIZENS

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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 $0

Program Service Revenue $2,915,651

Investment Income $55,840

Other Revenue $3,279

TOTAL REVENUE $2,974,770

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $894,054

Fundraising Expenses $0

Program Expenses $2,480,521

Other Expenses $1,775,168

TOTAL EXPENSES $2,719,222

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,974,770	$2,799,561	+0.1%
Expenses	$2,719,222	$2,416,945	+0.1%
Net Income	$255,548	$382,616	-0.3%

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
ELSIE BARRICK	PRESIDENT	5.00	Officer	$0	$0	$0
DIDIER WHITE	TREASURER	5.00	Officer	$0	$0	$0
STEVE CUTAIA	VICE PRESIDENT	2.00	Officer	$0	$0	$0
MARY BETH ROSENTHAL	SECRETARY	5.00	Officer	$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	No data	No data	No data	No data
2024	$2,974,770	$2,719,222	$8,255,060	$255,548
2023	$2,799,561	$2,416,945	$8,197,013	$382,616
2022	$2,716,917	$2,388,055	$7,969,373	$328,862
2021	$2,750,185	$2,273,617	$7,818,061	$476,568
2020	$2,619,845	$2,166,505	$7,425,829	$453,340
2019	$2,582,274	$2,200,577	$7,153,928	$381,697
2018	$2,489,287	$2,124,241	$6,863,446	$365,046

FIRST MONTCLAIR HOUSING CORP 1 INC