ARCHBISHOP MCCARTHY RESIDENCE INC

EIN: 592444487 501(c)(3) Housing & Shelter

LAUDERDALE LAKES, FL

Total Revenue
$1,601,027
Total Expenses
$1,470,091
Total Assets
$2,430,619
Net Assets
$-1,189,660
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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
1986
Legal Domicile
FL
Principal Officer
REV MARCOS SOMARRIBA
Phone
9544841515
Tax Period
2023-07-01 to 2024-06-30

ARCHBISHOP MCCARTHY RESIDENCE INC, founded in 1986, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2023. Expenses of $1.5M left a modest 8% surplus.

Mission

LOW INCOME ELDERLY HOUSING.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,595,944
Investment Income $5,083
Other Revenue $0
TOTAL REVENUE $1,601,027

Expense Breakdown

Grants Paid $0
Salaries & Benefits $248,447
Fundraising Expenses $0
Program Expenses $1,341,940
Other Expenses $1,221,644
TOTAL EXPENSES $1,470,091

Year-over-Year Comparison

2023 2022 Change
Revenue $1,601,027 $1,525,817 +0.0%
Expenses $1,470,091 $1,417,497 +0.0%
Net Income $130,936 $108,320 +0.2%
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

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Governance

Voting Members
12
Independent Members
12
Employees
6
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
0
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REV MARCOS SOMARRIBA PRESIDENT 1.00
Director
$0 $0 $0
REV CARLOS ARMANDO MARTINEZ ROMERO DIRECTOR 1.00
Director
$0 $0 $0
REV EDUARDO LOGISTE FELIX DIRECTOR 1.00
Director
$0 $0 $0
REV JUAN J SOSA DIRECTOR 1.00
Director
$0 $0 $0
REV SAMUEL MUODIAJU DIRECTOR 1.00
Director
$0 $0 $0
REV JEAN JADOTTE DIRECTOR 1.00
Director
$0 $0 $0
REV MSGR MICHAEL SOUCKAR VICE PRES./SECRETARY 1.00
Director
$0 $0 $0
REV STEVEN O'HALA DIRECTOR 1.00
Director
$0 $0 $0
REV LUCIEN PIERRE TREASURER 1.00
Director
$0 $0 $0
REV JESUS FERRAS DIRECTOR 1.00
Director
$0 $0 $0
FR MANUEL GALVAN VARGAS DIRECTOR 1.00
Director
$0 $0 $0
REV MSGR ROBERTO GARZA DIRECTOR 1.00
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 No data No data No data No data
2024 $1,601,027 $1,470,091 $2,430,619 $130,936
2023 $1,525,817 $1,417,497 $2,398,750 $108,320
2022 $1,494,913 $1,410,148 $2,429,223 $84,765
2021 $1,425,728 $1,417,433 $2,478,450 $8,295
2020 $1,393,638 $1,404,388 $2,564,849 $-10,750
2019 $1,375,586 $1,323,778 $2,728,592 $51,808
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