NORTH DADE SENIOR CITIZENS HOUSING DEVELOPMENT CORPORATION INC (EIN 591894611) - 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

1977

Legal Domicile

Principal Officer

MELANIE RIBEIRO

Phone

9548359200

Tax Period

2024-07-01 to 2025-06-30

NORTH DADE SENIOR CITIZENS HOUSING DEVELOPMENT CORPORATION INC, founded in 1977, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2024. Expenses of $1.5M left a modest 9% surplus.

Mission

OPERATION OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED, REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

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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 $1,598,878

Investment Income $564

Other Revenue $2,542

TOTAL REVENUE $1,601,984

Expense Breakdown

Grants Paid $0

Salaries & Benefits $313,139

Fundraising Expenses $0

Program Expenses $860,813

Other Expenses $1,140,786

TOTAL EXPENSES $1,453,925

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,601,984	$1,519,022	+0.1%
Expenses	$1,453,925	$1,504,560	0.0%
Net Income	$148,059	$14,462	+9.2%

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

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

$521,004

Total Directors

$521,004

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELANIE RIBEIRO	VICE PRESIDE	0.70	Officer Director	$0	$75,384	$521,004
MARIA C CORDONE	SECRETARY	0.30	Officer Director	$0	$0	$0
LISA DAVIS	DIRECTOR	0.10	Director	$0	$0	$0
SHERWOOD DUBOSE	DIRECTOR	0.10	Director	$0	$0	$0
TONY FRANSETTA	DIRECTOR	0.10	Director	$0	$0	$0
REGGIE LEON	DIRECTOR	0.10	Director	$0	$0	$0
ERICA SCHMELZER	TREASURER	0.10	Officer Director	$0	$0	$0
CHRISTOPHER M SHELTON	PRESIDENT	0.50	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	$1,601,984	$1,453,925	$1,932,492	$148,059
2024	$1,519,022	$1,504,560	$1,922,776	$14,462
2023	$1,460,952	$1,429,390	$1,810,488	$31,562
2022	$1,403,951	$1,277,259	$1,625,984	$126,692
2021	$1,382,287	$1,306,952	$1,554,133	$75,335
2020	$1,352,113	$1,296,460	$1,601,312	$55,653
2019	$1,225,743	$1,131,800	$1,555,907	$93,943
2018	$1,390,822	$1,278,788	$1,564,360	$112,034

NORTH DADE SENIOR CITIZENS HOUSING DEVELOPMENT CORPORATION INC