MHP SCATTERED SITE 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

1992

Legal Domicile

Principal Officer

ROBERT GOLDMAN

Phone

3016222400

Tax Period

2024-01-01 to 2024-12-31

MHP SCATTERED SITE INC, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $4.2M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES. MHP SCATTERED SITE, INC. (SSI) -- A CORPORATION WHOLLY CONTROLLED BY MONTGOMERY HOUSING PARTNERSHIP, INC. (MHP), A 501(C)(3) ORGANIZATION -- OWNS 103 SCATTERED SITE UNITS PURCHASED UNDER MONTGOMERY COUNTY, MARYLAND'S MODERATELY PRICED DWELLING UNIT (MPDU) PROGRAM AND 134 UNITS IN 7 SMALL APARTMENT BUILDINGS. UNDER MONTGOMERY COUNTY'S MPDU PROGRAM, NON-PROFIT ORGANIZATIONS LIKE MHP AND SSI MAY PURCHASE A SMALL NUMBER OF THESE BELOW-MARKET PRICED UNITS, THEREBY PRESERVING THEM AS LONG-TERM AFFORDABLE HOUSING RESOURCES. MHP AND SSI RENT THE UNITS TO LOWER INCOME FAMILIES AT BELOW-MARKET RENTS. THE UNITS ARE MADE AFFORDABLE THROUGH THEIR BELOW-MARKET COST, COMBINED WITH FIRST TRUST FINANCING AT BELOW-MARKET INTEREST RATES FROM LOCAL LENDERS AND ZERO INTEREST SOFT SECOND TRUSTS FROM MONTGOMERY COUNTY, MARYLAND. MHP IS PROVIDING STAFF TO BOTH ACQUIRE AND FINANCE UNITS OWNED BY SSI AND OVERSEE PROPERTY OPERATIONS.

Program Service Accomplishments

Program 1

Expenses: $3,893,872 Revenue: $4,044,770

PROVIDED 104 SCATTERED SITE HOUSING UNITS AND 134 APARTMENTS TO LOW-INCOME FAMILIES.

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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 $4,018,387

Investment Income $188,417

Other Revenue $26,383

TOTAL REVENUE $4,233,187

Expense Breakdown

Grants Paid $0

Salaries & Benefits $622,632

Fundraising Expenses $0

Program Expenses $3,893,872

Other Expenses $3,784,185

TOTAL EXPENSES $4,406,817

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,233,187	$3,868,392	+0.1%
Expenses	$4,406,817	$3,820,232	+0.2%
Net Income	$-173,630	$48,160	-4.6%

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

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

$793,007

Total Directors

$574,199

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAD COOLEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
EUGENE COSTA	TRESURER	1.00	Officer Director	$0	$0	$0
NANCY HOLLAND	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT GOLDMAN	VICE PRESIDENT	1.00	Officer Director	$0	$52,191	$380,958
WILLIAM HHIGHSMISTH JR	ASSISTANT SECRETARY	1.00	Officer Director	$0	$16,236	$193,241
JENNIFER RUDOLPH	CFO	1.00	Officer	$0	$14,867	$218,808

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	$4,233,187	$4,406,817	$23,842,833	$-173,630
2023	$3,868,392	$3,820,232	$24,201,589	$48,160
2022	$3,689,343	$3,973,462	$24,429,195	$-284,119
2021	$3,656,531	$4,590,681	$24,212,567	$-934,150
2020	$3,479,200	$3,237,796	$20,567,918	$241,404
2019	$3,532,328	$3,243,698	$20,850,545	$288,630
2018	$3,405,372	$3,237,063	$20,833,420	$168,309