MSAA JACKSONVILLE 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

1996

Legal Domicile

Principal Officer

WILLIAM R OGBURN JR

Phone

3367608100

Tax Period

2023-07-01 to 2024-06-30

MSAA JACKSONVILLE INC, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $149K in total revenue in fiscal year 2023. Expenses of $174K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME ADULTS WITH DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $164,971 Revenue: $42,082

THE ORGANIZATION OPERATES A 13-UNIT, INCLUDING ONE NON-REVENUE UNIT, APARTMENT PROJECT FOR LOW-INCOME ADULTS WITH DISABILITIES. THE PROJECT IS LOCATED IN JACKSONVILLE, NORTH CAROLINA AND IS REGULATED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") AS TO RENTAL RATES AND OPERATING METHODS. ADDITIONALLY, UNITS IN THE PROJECT ARE COVERED UNDER A PROJECT RENTAL ASSISTANCE CONTRACT WITH HUD AND A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM 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 $106,931

Program Service Revenue $41,487

Investment Income $9

Other Revenue $595

TOTAL REVENUE $149,022

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $164,971

Other Expenses $173,638

TOTAL EXPENSES $173,638

Year-over-Year Comparison

	2023	2022	Change
Revenue	$149,022	$151,744	0.0%
Expenses	$173,638	$164,222	+0.1%
Net Income	$-24,616	$-12,478	+1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM R OGBURN JR	PRESIDENT	0.50	Officer Director	$0	$0	$0
KIMBERLY ALDERMAN	VICE-PRESIDENT	0.50	Officer Director	$0	$0	$0
KATHERINE WATSON	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
CARLA FOOTE	ASSISTANT SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
PAUL ANDRESEN	BOARD MEMBER	0.50	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	No data	No data	No data	No data
2024	$149,022	$173,638	$545,351	$-24,616
2023	$151,744	$164,222	$584,946	$-12,478
2022	$148,411	$164,592	$586,608	$-16,181
2021	$142,813	$173,474	$604,613	$-30,661
2020	$144,034	$160,791	$627,250	$-16,757
2019	$137,283	$155,888	$644,495	$-18,605
2018	$145,760	$145,460	$661,864	$300