BULLOCKMCLEOD HOUSING INC (EIN 582031009) - 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

1992

Legal Domicile

Principal Officer

DIANE NEWELL

Phone

7576223969

Tax Period

2024-04-01 to 2025-03-31

BULLOCKMCLEOD HOUSING INC, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $288K in total revenue in fiscal year 2024. Expenses of $324K exceeded revenue, resulting in a 13% operating deficit.

Mission

BULLOCK/MCLEOD HOUSING, INC., A NORTH CAROLINA NOT-FOR-PROFIT CORPORATION, WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 48-UNIT APARTMENT COMMUNITY IN ROCKY MOUNT, NORTH CAROLINA, KNOWN AS BULLOCK MCLEOD APARTMENTS, PURSUANT TO SECTION 202 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 LEASES APARTMENT UNITS TO LOW INCOME FAMILIES OR PERSONS IN THE NORMAL COURSE OF BUSINESS.

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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 $152,043

Program Service Revenue $136,068

Investment Income $-134

Other Revenue $234

TOTAL REVENUE $288,211

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $213,660

Other Expenses $324,331

TOTAL EXPENSES $324,331

Year-over-Year Comparison

	2024	2023	Change
Revenue	$288,211	$285,772	+0.0%
Expenses	$324,331	$324,219	+0.0%
Net Income	$-36,120	$-38,447	-0.1%

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

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
DIANE NEWELL	PRESIDENT	0.50	Officer Director	$0	$0	$0
BRENDA DAWSON	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
MARCELLA R GREEN	SECRETARY	0.50	Officer Director	$0	$0	$0
MARY RAMBERT	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	$288,211	$324,331	$903,348	$-36,120
2024	$285,772	$324,219	$932,263	$-38,447
2023	$268,333	$326,027	$979,939	$-57,694
2022	$256,634	$311,647	$1,027,025	$-55,013
2021	$257,843	$301,070	$1,213,377	$-43,227
2020	$238,815	$281,494	$1,123,473	$-42,679
2019	$232,707	$276,027	$1,168,562	$-43,320

BULLOCKMCLEOD HOUSING INC