ST MARY'S HOUSING CORP

EIN: 581912838 501(c)(3)

WILMINGTON, NC

Total Revenue
$481,503
Total Expenses
$407,000
Total Assets
$1,037,496
Net Assets
$-20,659
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
NC
Principal Officer
DONN GARVEY JR
Phone
3367650424
Tax Period
2024-07-01 to 2025-06-30

ST MARY'S HOUSING CORP, founded in 1990, is a small nonprofit that reported $482K in total revenue in fiscal year 2024. The organization ran a surplus of $75K, a strong 15% operating margin.

Mission

THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 39 UNIT APARTMENT COMMUNITY IN WILMINGTON, NC KNOWN AS HADDEN HALL APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A HOUSING ASSISTANCE PAYMENT CONTRACT (HAP CONTRACT) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY THE SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $325,140
Program Service Revenue $166,250
Investment Income $-12,401
Other Revenue $2,514
TOTAL REVENUE $481,503

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $314,084
Other Expenses $407,000
TOTAL EXPENSES $407,000

Year-over-Year Comparison

2024 2023 Change
Revenue $481,503 $474,970 +0.0%
Expenses $407,000 $397,593 +0.0%
Net Income $74,503 $77,377 0.0%
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

Sign In

Governance

Voting Members
12
Independent Members
12
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
2
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONN GARVEY JR PRESIDENT 0.50
Officer Director
$0 $0 $0
CHRISTINE MURPHY SECRETARY 0.50
Officer Director
$0 $0 $0
NORD COFINI BOARD MEMBER 0.50
Director
$0 $0 $0
MARTHA HUBBARD BOARD MEMBER 0.50
Director
$0 $0 $0
DIANE MILLER BOARD MEMBER 0.50
Director
$0 $0 $0
TIM LUDGATE BOARD MEMBER 0.50
Director
$0 $0 $0
BOB MACALUSO BOARD MEMBER 0.50
Director
$0 $0 $0
JOHN MURPHY BOARD MEMBER 0.50
Director
$0 $0 $0
THOMAS DAVIS BOARD MEMBER 0.50
Director
$0 $0 $0
PATRICIA GUMBS BOARD MEMBER 0.50
Director
$0 $0 $0
KATHERINE TOMPKINS BOARD MEMBER 0.50
Director
$0 $0 $0
DENNIS SMITH 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 $481,503 $407,000 $1,037,496 $74,503
2024 $474,970 $397,593 $1,035,446 $77,377
2023 $457,953 $405,811 $1,021,173 $52,142
2022 $447,133 $380,734 $1,028,837 $66,399
2021 $448,777 $376,767 $1,027,131 $72,010
2020 $430,759 $385,906 $1,013,579 $44,853
2019 $418,587 $383,855 $1,019,360 $34,732
Explore More Nonprofits
→Top 100 Nonprofits in North Carolina →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare ST MARY'S HOUSING CORP with other nonprofits in North Carolina and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.