MMM HERITAGE BELL OAKS HOUSING CORP (EIN 582014929) - 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

1982

Legal Domicile

Principal Officer

HOMER ALLISON

Phone

2812987999

Tax Period

2024-10-01 to 2025-09-30

MMM HERITAGE BELL OAKS HOUSING CORP, founded in 1982, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2024. Expenses of $1.7M exceeded revenue, resulting in a 36% operating deficit.

Mission

TO OWN AND OPERATE AN APARTMENT PROJECT WITH A TOTAL OF 108 UNITS. A TOTAL OF 27 UNITS ARE MAINTAINED AS RENTAL UNITS FOR LOW INCOME FAMILIES OF WHICH 15 OF THE UNITS ARE MAINTAINED AS RENTAL UNITS FOR VERY 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,207,003

Investment Income $77,748

Other Revenue $0

TOTAL REVENUE $1,284,751

Expense Breakdown

Grants Paid $750,000

Salaries & Benefits $236,819

Fundraising Expenses $0

Program Expenses $1,616,162

Other Expenses $755,343

TOTAL EXPENSES $1,742,162

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,284,751	$1,307,782	0.0%
Expenses	$1,742,162	$692,080	+1.5%
Net Income	$-457,411	$615,702	-1.7%

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

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

$276,216

Total Directors

$276,216

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH TANN	VICE PRESIDENT	1.00	Officer Director	$0	$15,793	$153,733
NANNETTE VALLIS	SECRETARY/TREASURER	1.00	Officer Director	$0	$17,946	$122,483
HOMER ALLISON	PRESIDENT	0.25	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
2025	$1,284,751	$1,742,162	$3,453,059	$-457,411
2024	$1,307,782	$692,080	$4,035,143	$615,702
2023	$812,657	$656,754	$2,351,495	$155,903
2022	$721,540	$530,198	$2,192,675	$191,342
2021	$654,302	$533,030	$2,021,393	$121,272
2020	$637,305	$496,944	$1,921,307	$140,361
2019	$647,335	$461,270	$1,793,814	$186,065
2018	$627,200	$428,785	$1,619,268	$198,415

MMM HERITAGE BELL OAKS HOUSING CORP