MIDTOWN DEVELOPMENT CORPORATION INC (EIN 522268431) - 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

2000

Legal Domicile

Principal Officer

CHARLES B DUFF JR

Phone

4103277373

Tax Period

2022-07-01 to 2023-06-30

Mission

TO IMPLEMENT THE PHYSICAL REDEVELOPMENT OF THE AREA INCLUDED WITHIN THE MIDTOWN COMMUNITY BENEFITS DISTRICT MANAGEMENT AUTHORITY ("THE DISTRICT"), WITH SPECIAL EMPHASIS ON THE DISTRESSED RESIDENTIAL PROPERTIES.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2022	2021	Change
Revenue	N/A	$318	-1.0%
Expenses	N/A	$1,461	-1.0%
Net Income	N/A	$-1,143	N/A

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

$142,410

Total Directors

$142,410

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH A BOURNE JR	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHARLES B DUFF	SECRETARY	1.00	Officer Director	$0	$0	$142,410
ERIC EVANS	DIRECTOR	1.00	Director	$0	$0	$0
NEAL FRIEDLANDER	DIRECTOR	1.00	Director	$0	$0	$0
FRED LAZARUS IV	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE SNEAD	PRESIDENT	1.00	Officer Director	$0	$0	$0
ADRIAN HARPOOL	DIRECTOR	1.00	Director	$0	$0	$0
MARY ANN HENDERSON	DIRECTOR	1.00	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
2023	No data	No data	$804,398	No data
2022	$318	$1,461	$804,398	$-1,143
2021	$363	$1,136	$807,741	$-773
2020	$336	$1,136	$807,414	$-800
2019	$443	$51	$800,452	$392

MIDTOWN DEVELOPMENT CORPORATION INC