SECOND SAINT MARY'S HOUSING CORPORATION (EIN 510220688) - 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

1978

Legal Domicile

Principal Officer

KEVIN WHITE

Phone

3019418040

Tax Period

2024-01-01 to 2024-12-31

SECOND SAINT MARY'S HOUSING CORPORATION, founded in 1978, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $2.2M left a modest 12% surplus.

Mission

129 RENTAL APARTMENTS FOR VERY 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 $7,500

Program Service Revenue $2,466,098

Investment Income $51,818

Other Revenue $9,876

TOTAL REVENUE $2,535,292

Expense Breakdown

Grants Paid $0

Salaries & Benefits $561,769

Fundraising Expenses $0

Program Expenses $2,132,173

Other Expenses $1,676,879

TOTAL EXPENSES $2,238,648

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,535,292	$1,926,956	+0.3%
Expenses	$2,238,648	$1,595,469	+0.4%
Net Income	$296,644	$331,487	-0.1%

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

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
KEVIN WHITE	PRESIDENT	0.50	Officer Director	$0	$0	$0
SCOTT KLINE	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL FONT	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
FATHER RICHARD GUEST	DIRECTOR	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
2024	$2,535,292	$2,238,648	$14,383,754	$296,644
2023	$1,926,956	$1,595,469	$4,527,599	$331,487
2022	$1,550,300	$1,451,773	$3,363,030	$98,527
2021	$1,600,052	$1,343,300	$2,256,116	$256,752
2020	$1,480,886	$1,371,469	$2,130,629	$109,417
2019	$1,456,626	$1,284,200	$1,915,180	$172,426
2018	$1,420,527	$1,226,741	$1,817,918	$193,786

SECOND SAINT MARY'S HOUSING CORPORATION