MAMOU ELDERLY HOUSING DEVELOPMENT CORPORATION (EIN 521459222) - 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

1984

Legal Domicile

Principal Officer

MELANIE RIBEIRO

Phone

9548359200

Tax Period

2024-04-01 to 2025-03-31

MAMOU ELDERLY HOUSING DEVELOPMENT CORPORATION, founded in 1984, is a small nonprofit in the Housing & Shelter sector that reported $623K in total revenue in fiscal year 2024.

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $622,046

Investment Income $729

Other Revenue $584

TOTAL REVENUE $623,359

Expense Breakdown

Grants Paid $0

Salaries & Benefits $233,540

Fundraising Expenses $0

Program Expenses $445,252

Other Expenses $450,104

TOTAL EXPENSES $683,644

Year-over-Year Comparison

	2024	2023	Change
Revenue	$623,359	$582,254	+0.1%
Expenses	$683,644	$634,966	+0.1%
Net Income	$-60,285	$-52,712	+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

$547,545

Total Directors

$26,541

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELANIE RIBEIRO	DIRECTOR/VP	0.70	Officer	$0	$75,384	$521,004
JOHN OLSEN	TREASURER	0.10	Officer Director	$0	$0	$26,541
MARIA CORDONE	SECRETARY	0.30	Officer Director	$0	$0	$0
RANDY DESHOTEL	DIRECTOR	0.10	Director	$0	$0	$0
TONY FRANSETTA	VP/DIRECTOR	0.10	Officer Director	$0	$0	$0
MARVIN LYONS	DIRECTOR	0.10	Director	$0	$0	$0
ERICA SCHMELZER	DIRECTOR	0.10	Director	$0	$0	$0
CHRISTOPHER SHELTON	PRESIDENT	0.50	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
2025	$623,359	$683,644	$1,374,199	$-60,285
2024	$582,254	$634,966	$1,429,726	$-52,712
2023	$575,136	$609,448	$1,448,380	$-34,312
2022	$565,953	$568,243	$1,497,066	$-2,290
2021	$548,320	$574,588	$1,597,148	$-26,268
2020	$531,310	$555,407	$1,664,608	$-24,097
2019	$527,292	$532,123	$1,734,185	$-4,831
2018	$498,962	$554,327	$1,812,559	$-55,365

MAMOU ELDERLY HOUSING DEVELOPMENT CORPORATION