MILLSBORO HOUSING FOR PROGRESSINC (EIN 510262153) - 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

1977

Legal Domicile

Principal Officer

WILLIAM B DUFFY JR

Phone

3029346491

Tax Period

2024-01-01 to 2024-12-31

MILLSBORO HOUSING FOR PROGRESSINC, founded in 1977, is a community nonprofit in the Housing & Shelter sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 158% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 68% operating margin.

Mission

LOW INCOME HOUSING

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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 $1,681,851

Investment Income $14,971

Other Revenue $0

TOTAL REVENUE $1,696,822

Expense Breakdown

Grants Paid $0

Salaries & Benefits $85,919

Fundraising Expenses $0

Program Expenses $502,741

Other Expenses $450,596

TOTAL EXPENSES $536,515

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,696,822	$657,520	+1.6%
Expenses	$536,515	$524,755	+0.0%
Net Income	$1,160,307	$132,765	+7.7%

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
ELVA ALLEN	SECRETARY	N/A	Officer Director	$0	$0	$0
VENESSA DELOACH	TREASURER	N/A	Officer Director	$0	$0	$0
ROBERT DRAINE	VICE PRES	N/A	Officer Director	$0	$0	$0
BARBARA FLOYD	DIRECTOR	N/A	Director	$0	$0	$0
WILLIAM B DUFFY JR	PRESIDENT	N/A	Officer Director	$0	$0	$0
SHERRELL MATTHEWS	DIRECTOR	N/A	Director	$0	$0	$0
DAVID MOYER	DIRECTOR	N/A	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	$1,696,822	$536,515	$8,508,046	$1,160,307
2023	$657,520	$524,755	$7,028,881	$132,765
2022	$946,026	$517,030	$7,017,363	$428,996
2021	$3,644,632	$859,417	$6,717,066	$2,785,215
2020	$1,045,286	$880,674	$6,211,523	$164,612
2019	$1,017,362	$975,401	$6,207,514	$41,961
2018	$986,557	$887,518	$6,578,311	$99,039

MILLSBORO HOUSING FOR PROGRESSINC