THE MEADOWS HOUSING CORPORATION 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

1990

Legal Domicile

Principal Officer

BRIAN HARRIS

Phone

9013804900

Tax Period

2023-01-01 to 2023-12-31

THE MEADOWS HOUSING CORPORATION INC, founded in 1990, is a small nonprofit in the Housing & Shelter sector that reported $208K in total revenue in fiscal year 2023. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $257K exceeded revenue, resulting in a 24% operating deficit.

Mission

TO PROVIDE HOUSING AND SERVICES TO LOW, VERY LOW, AND EXTREMELY LOW INCOME FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $251,066 Revenue: $82,762

TO PROVIDE HOUSING AND SERVICES TO LOW, VERY LOW, AND EXTREMELY LOW INCOME FAMILIES.

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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 $124,873

Program Service Revenue $82,762

Investment Income $0

Other Revenue $0

TOTAL REVENUE $207,635

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,775

Fundraising Expenses $0

Program Expenses $251,066

Other Expenses $227,177

TOTAL EXPENSES $256,952

Year-over-Year Comparison

	2023	2022	Change
Revenue	$207,635	$1,214,645	-0.8%
Expenses	$256,952	$299,318	-0.1%
Net Income	$-49,317	$915,327	-1.1%

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

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
REV ANDY THOMPSON	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
NANCY ALBONETTI	VICE CHAIRPERSON	2.00	Officer Director	$0	$0	$0
CAROL AVENS	DIRECTOR	1.00	Director	$0	$0	$0
DWIGHT DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
MEREDITH BINGHAM	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE FERGER	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER GARST	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY MITCHENER	DIRECTOR	1.00	Director	$0	$0	$0
PHYLLIS GAY	DIRECTOR	1.00	Director	$0	$0	$0
EDDIE SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MARY LOU CUSHING	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
AMANDA WARD	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN HARRIS	NON-VOTING CEO	1.00	Officer	$0	$0	$0
DONALD OLLIO	NON-VOTING CFO	1.00	Officer	$0	$0	$0
RONALD BUDYNAS	NON-VOTING COO	1.00	Officer	$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	No data	No data	No data	No data
2023	$207,635	$256,952	$1,843,913	$-49,317
2022	$1,214,645	$299,318	$1,910,693	$915,327
2021	$599,371	$569,457	$1,804,774	$29,914
2020	$600,226	$524,189	$1,887,541	$76,037
2019	$548,546	$529,217	$1,888,311	$19,329
2018	$1,571,408	$536,193	$1,975,022	$1,035,215