MACON HOUSING DEVELOPMENT CORPORATION (EIN 581623245) - 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

1985

Legal Domicile

Principal Officer

MARK WEST

Phone

3367650424

Tax Period

2024-01-01 to 2024-12-31

MACON HOUSING DEVELOPMENT CORPORATION, founded in 1985, is a small nonprofit that reported $295K in total revenue in fiscal year 2024. The organization ran a surplus of $60K, a strong 20% operating margin.

Mission

MACON HOUSING DEVELOPMENT CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE A 32-UNIT APARTMENT COMMUNITY IN FRANKLIN, NORTH CAROLINA, KNOWN AS OAK FOREST APARTMENTS, PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. THE CORPORATION HAS ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT (HAP CONTRACT) WITH HUD. THE HAP CONTRACT PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY THE SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $180,855

Program Service Revenue $106,717

Investment Income $221

Other Revenue $6,824

TOTAL REVENUE $294,617

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $160,748

Other Expenses $234,413

TOTAL EXPENSES $234,413

Year-over-Year Comparison

	2024	2023	Change
Revenue	$294,617	$280,371	+0.1%
Expenses	$234,413	$229,399	+0.0%
Net Income	$60,204	$50,972	+0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK WEST	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
PATRICK BETANCOURT	VICE CHAIRPERSON	0.50	Officer Director	$0	$0	$0
JOSH OWENS	DIRECTOR	0.50	Director	$0	$0	$0
PEDRO CISNEROS	DIRECTOR	0.50	Director	$0	$0	$0
DICK SCHMIDT	DIRECTOR	0.50	Director	$0	$0	$0
JACK HORTON	DIRECTOR	0.50	Director	$0	$0	$0
D'ANNE MADDOX	DIRECTOR	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
2024	$294,617	$234,413	$559,671	$60,204
2023	$280,371	$229,399	$529,939	$50,972
2022	$274,863	$204,924	$496,331	$69,939
2021	$266,972	$219,338	$455,907	$47,634
2020	$271,463	$223,461	$443,202	$48,002
2019	$256,593	$223,780	$413,279	$32,813
2018	$253,827	$224,840	$407,509	$28,987

MACON HOUSING DEVELOPMENT CORPORATION