MCCARTY HOUSING DEVELOPMENT FUND COMPANY (EIN 562353412) - 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

2002

Legal Domicile

Principal Officer

MICHAEL WHALEN

Phone

5186417500

Tax Period

2024-01-01 to 2024-12-31

MCCARTY HOUSING DEVELOPMENT FUND COMPANY, founded in 2002, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.4M exceeded revenue, resulting in a 37% operating deficit.

Mission

TO PROVIDES SAFE & DECENT HOUSING TO LOW INCOME FAMILIES.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $341,729

Program Service Revenue $642,723

Investment Income $1,746

Other Revenue $24,668

TOTAL REVENUE $1,010,866

Expense Breakdown

Grants Paid $0

Salaries & Benefits $278,635

Fundraising Expenses $0

Program Expenses $1,262,602

Other Expenses $1,102,238

TOTAL EXPENSES $1,380,873

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,010,866	$917,716	+0.1%
Expenses	$1,380,873	$1,512,478	-0.1%
Net Income	$-370,007	$-594,762	-0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL WHALEN	President & CEO	2.00	Officer Director	$0	$0	$0
CHIQUITA D'ARBEAU	Secretary	2.00	Officer 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
2024	$1,010,866	$1,380,873	$3,124,590	$-370,007
2023	$917,716	$1,512,478	$3,317,949	$-594,762
2022	$898,842	$1,331,429	$3,671,516	$-432,587
2021	$901,160	$1,188,176	$3,824,100	$-287,016
2020	$855,889	$1,230,980	$3,870,337	$-375,091
2019	$846,497	$1,187,738	$3,974,530	$-341,241
2018	$857,047	$1,141,067	$4,074,129	$-284,020

MCCARTY HOUSING DEVELOPMENT FUND COMPANY