NM Carroll Manor Inc

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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

Phone

4106694270

Tax Period

2022-07-01 to 2023-06-30

NM Carroll Manor Inc, founded in 1976, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2022. Net assets of $3.6M represent 26 months of operating reserves.

Mission

To promote housing for low income elderly and handicapped persons.

Program Service Accomplishments

Program 1

Expenses: $1,391,589 Revenue: $1,366,442

The Corporation was formed to own and operate an apartment complex of 100 units which provides housing facilities for low income elderly and handicapped persons. The Complex is operated pursuant to Section 202 of the National Housing Act and participates in the Section 8 Housing Assistance Payment program. The Corporation also operates a sheltered housing program which provides meals to eligible tenants. The housing facility is regulated by HUD as to rent charges and operating methods.

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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 (2022)

Revenue Breakdown

Contributions & Grants $256,521

Program Service Revenue $1,366,665

Investment Income $1,303

Other Revenue $0

TOTAL REVENUE $1,624,489

Expense Breakdown

Grants Paid $0

Salaries & Benefits $613,637

Fundraising Expenses $0

Program Expenses $1,391,589

Other Expenses $1,109,232

TOTAL EXPENSES $1,722,869

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,624,489	$1,592,740	+0.0%
Expenses	$1,722,869	$1,942,467	-0.1%
Net Income	$-98,380	$-349,727	-0.7%

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
Robert Harrod	Director	0.10	Director	$0	$0	$0
Rev Raymond Wilson	Vice President	0.10	Officer Director	$0	$0	$0
Rev Dr Bettina Scott	Trustee	0.10	Director	$0	$0	$0
Harry Archer	Trustee	0.10	Director	$0	$0	$0
Sheryl Woodland	Trustee	0.10	Director	$0	$0	$0
Burt Bohler	Trustee	0.10	Director	$0	$0	$0
Arnold Mills	President	0.10	Officer 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	No data	No data	No data	No data
2023	$1,624,489	$1,722,869	$7,128,581	$-98,380
2022	$1,592,740	$1,942,467	$7,172,798	$-349,727
2021	$1,474,709	$1,670,025	$6,948,899	$-195,316
2020	$1,468,251	$1,750,329	$7,089,627	$-282,078