SAINT MARY'S HOUSING CORPORATION (EIN 510210514) - 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

1976

Legal Domicile

Principal Officer

KEVIN WHITE

Phone

3019418040

Tax Period

2023-01-01 to 2023-12-31

SAINT MARY'S HOUSING CORPORATION, founded in 1976, is a community nonprofit that reported $9.0M in total revenue in fiscal year 2023. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.6M, a strong 52% operating margin.

Mission

AFFORDABLE HOUSING AND SERVICES FOR LOW- AND MODERATE-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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,157,092

Investment Income $1,770,912

Other Revenue $24,999

TOTAL REVENUE $8,953,003

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,241,376

Fundraising Expenses $0

Program Expenses $3,726,610

Other Expenses $3,095,619

TOTAL EXPENSES $4,336,995

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,953,003	$5,350,733	+0.7%
Expenses	$4,336,995	$5,186,034	-0.2%
Net Income	$4,616,008	$164,699	+27.0%

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

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

$149,760

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES WILSON	SECRETARY / TREASURER	0.50	Officer Director	$0	$0	$0
MICHAEL FONT	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
KEVIN WHITE	PRESIDENT	0.50	Officer Director	$0	$0	$0
FATHER RICHARD GUEST	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT KLINE	DIRECTOR	0.50	Director	$0	$0	$0
JOHN SPENCER	EXECUTIVE DIRECTOR	40.00	Officer	$149,760	$0	$149,760

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	No data	No data	No data	No data
2023	$8,953,003	$4,336,995	$55,801,492	$4,616,008
2022	$5,350,733	$5,186,034	$50,011,160	$164,699
2021	$14,493,255	$3,407,827	$51,527,942	$11,085,428
2020	$6,187,086	$2,443,762	$41,207,728	$3,743,324
2019	$5,158,419	$2,626,029	$37,409,491	$2,532,390
2018	$4,374,970	$2,289,487	$34,797,378	$2,085,483

SAINT MARY'S HOUSING CORPORATION