MULTI-HOUSING LAUNDRY ASSOCIATION

EIN: 526054279

RALEIGH, NC

Total Revenue
$491,913
Total Expenses
$423,120
Total Assets
$939,649
Net Assets
$856,942
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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
1959
Legal Domicile
NC
Principal Officer
DENISE SAVINO-ERICHSEN
Phone
9197875181
Tax Period
2025-01-01 to 2025-12-31

MULTI-HOUSING LAUNDRY ASSOCIATION, founded in 1959, is a small nonprofit that reported $492K in total revenue in fiscal year 2025. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $423K left a modest 14% surplus.

Mission

EDUCATION OF MEMBERSHIP AND PROMOTION OF INDUSTRY

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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 (2025)

Revenue Breakdown

Contributions & Grants $266,250
Program Service Revenue $207,630
Investment Income $18,033
Other Revenue $0
TOTAL REVENUE $491,913

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $423,120
TOTAL EXPENSES $423,120

Year-over-Year Comparison

2025 2024 Change
Revenue $491,913 $358,542 +0.4%
Expenses $423,120 $375,235 +0.1%
Net Income $68,793 $-16,693 -5.1%
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

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Governance

Voting Members
15
Independent Members
15
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
5
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT CARRERAS TREASURER N/A
Officer Director
$0 $0 $0
FRANK D'ANNUNZIO PAST PRESIDE N/A
Officer Director
$0 $0 $0
NICK D'ASCENSAO DIRECTOR N/A
Director
$0 $0 $0
DAVID DEMARSH DIRECTOR N/A
Director
$0 $0 $0
JIM FEINSTEIN DIRECTOR N/A
Director
$0 $0 $0
DOUG GOLDSTEIN DIRECTOR N/A
Director
$0 $0 $0
JASON HAINSWORTH VICE PRESIDE N/A
Officer Director
$0 $0 $0
ROSS VAN HORNE DIRECTOR N/A
Director
$0 $0 $0
MIKE MARSDEN DIRECTOR N/A
Director
$0 $0 $0
PARESH PATEL DIRECTOR N/A
Director
$0 $0 $0
DENISE SAVINO-ERICHSEN PRESIDENT N/A
Officer Director
$0 $0 $0
SCOTT SCARPATO SECRETARY N/A
Officer Director
$0 $0 $0
MICHAEL SCHANTZ DIRECTOR N/A
Director
$0 $0 $0
CARLOS SESSAREGO DIRECTOR N/A
Director
$0 $0 $0
JOHN STEWART DIRECTOR N/A
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 $491,913 $423,120 $939,649 $68,793
2024 $358,542 $375,235 $863,679 $-16,693
2023 $232,536 $270,034 $882,961 $-37,498
2022 $217,955 $266,003 $912,366 $-48,048
2021 $156,927 $188,145 $932,908 $-31,218
2020 $186,725 $90,216 $942,945 $96,509
2019 $359,536 $269,875 $861,696 $89,661
2018 $286,193 $250,325 $772,378 $35,868
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