SENIOR CITIZENS HOUSING DEVELOPMENT CORPORATION OF MONTGOMERY COUNTY (EIN 521150867) - 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

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).

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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 $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

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

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

$497,512

Total Directors

Key Employees

Highest Compensated

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
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

SENIOR CITIZENS HOUSING DEVELOPMENT CORPORATION OF MONTGOMERY COUNTY