SENIOR CITIZENS HOUSING DEVELOPMENT CORPORATION OF MONTGOMERY COUNTY

EIN: 521150867 501(c)(3) Housing & Shelter

PLANTATION, FL

Total Revenue
$2,876,513
Total Expenses
$2,479,499
Total Assets
$3,741,040
Net Assets
$-4,885,209
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
DC
Principal Officer
MELANIE RIBEIRO
Phone
9548359200
Tax Period
2023-10-01 to 2024-09-30

SENIOR CITIZENS HOUSING DEVELOPMENT CORPORATION OF MONTGOMERY COUNTY, founded in 1977, is a community nonprofit in the Housing & Shelter sector that reported $2.9M in total revenue in fiscal year 2023. Expenses of $2.5M left a modest 14% surplus.

Mission

OPERATION OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED, REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

Program Service Accomplishments

Program 1
Expenses: $1,650,858 Revenue: $2,850,670

OPERATION OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED, REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,849,937
Investment Income $929
Other Revenue $25,647
TOTAL REVENUE $2,876,513

Expense Breakdown

Grants Paid $0
Salaries & Benefits $367,231
Fundraising Expenses $0
Program Expenses $1,650,858
Other Expenses $2,112,268
TOTAL EXPENSES $2,479,499

Year-over-Year Comparison

2023 2022 Change
Revenue $2,876,513 $2,860,986 +0.0%
Expenses $2,479,499 $2,488,041 0.0%
Net Income $397,014 $372,945 +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

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
10
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
3
$497,512
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELANIE RIBEIRO VICE PRESIDE 0.70
Officer
$0 $72,591 $497,512
MAXINE CARTER DIRECTOR 0.10
Director
$0 $0 $0
MARIA CORDONE SECRETARY 0.30
Officer Director
$0 $0 $0
TONY FANSETTA DIRECTOR 0.10
Director
$0 $0 $0
EDWARD ROMERO DIRECTOR 0.10
Director
$0 $0 $0
ERICA SCHMELZER DIRECTOR 0.10
Director
$0 $0 $0
CHRISTOPHER M SHELTON PRESIDENT 0.50
Officer Director
$0 $0 $0
MARJORIE SLISZ DIRECTOR 0.10
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
2025 No data No data No data No data
2024 $2,876,513 $2,479,499 $3,741,040 $397,014
2023 $2,860,986 $2,488,041 $4,049,049 $372,945
2022 $2,804,811 $2,582,981 $3,445,688 $221,830
2021 $2,647,162 $2,758,275 $3,243,217 $-111,113
2020 $2,772,231 $2,572,607 $3,629,753 $199,624
2019 $2,964,990 $2,669,798 $3,686,094 $295,192
2018 $2,768,480 $2,714,154 $4,154,080 $54,326
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