MacGregor Housing Development Corporation (EIN 562237995) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Phone

3367650424

Tax Period

2023-01-01 to 2023-12-31

MacGregor Housing Development Corporation, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $213K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $205K left a modest 4% surplus.

Mission

TO DEVELOP, CONSTRUCT, OWN, AND OPERATE A LOW INCOME HOUSING COMPLEX IN PITT COUNTY, NC.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $205,999

Investment Income $7,198

Other Revenue $0

TOTAL REVENUE $213,197

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,980

Fundraising Expenses $0

Program Expenses $167,254

Other Expenses $168,480

TOTAL EXPENSES $205,460

Year-over-Year Comparison

	2023	2022	Change
Revenue	$213,197	$181,682	+0.2%
Expenses	$205,460	$221,941	-0.1%
Net Income	$7,737	$-40,259	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

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

$905,718

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Director	0.5	Director	$0	$0	$0
N/A	Director	0.5	Director	$0	$0	$0
N/A	Director	0.5	Director	$0	$0	$0
N/A	Vice Chair	0.5	Director	$0	$0	$0
N/A	Chair	0.5	Director	$0	$0	$0
N/A	SVP	0.5	Officer	$0	$36,499	$213,169
N/A	SVP/CFO	0.5	Officer	$0	$41,008	$230,913
N/A	VP/Treasurer	0.5	Officer	$0	$28,634	$166,198
N/A	President	0.5	Officer	$0	$51,012	$295,438
N/A	VP of Resource Development	0.5	Highest	$0	$20,597	$153,947
N/A	Senior Project Manager	0.5	Highest	$0	$24,759	$131,232
N/A	Senior Project Manager	0.5	Highest	$0	$24,891	$143,865
N/A	Assistant Secretary	0.5	Highest	$0	$33,102	$164,470
N/A	Director	0.5	Highest	$0	$26,734	$129,567

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	No data	No data	No data	No data
2023	$213,197	$205,460	$1,280,421	$7,737
2022	$181,682	$221,941	$1,364,626	$-40,259
2021	$230,650	$239,359	$1,372,903	$-8,709
2020	$197,226	$223,479	$1,388,826	$-26,253
2019	$188,352	$223,789	$1,415,485	$-35,437
2018	$182,574	$223,089	$1,459,659	$-40,515

MacGregor Housing Development Corporation