MAYFAIR TOWERS CORPORATION

EIN: 630814888 501(c)(3)

HUNTSVILLE, AL

Total Revenue
$4,440
Total Expenses
$1,682,048
Total Assets
N/A
Net Assets
N/A
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
AL
Principal Officer
Philip Bentley Jr
Phone
2565331988
Tax Period
2020-03-01 to 2021-02-28

MAYFAIR TOWERS CORPORATION, founded in 1981, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2018. Revenue surged 463% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 93% operating margin.

Mission

PROVIDE LOW-COST HOUSING FOR ELDERLY

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $4,440
Other Revenue $0
TOTAL REVENUE $4,440

Expense Breakdown

Grants Paid $1,682,048
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,682,048
Other Expenses $0
TOTAL EXPENSES $1,682,048

Year-over-Year Comparison

2020 2019 Change
Revenue $4,440 $47,506 -0.9%
Expenses $1,682,048 $9,927 +168.4%
Net Income $-1,677,608 $37,579 -45.6%
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

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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
3
Independent Members
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY BRADLEY SECRETARY/TREASURER 0.00
Officer Director
$0 $0 $0
RAYMOND JONES VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
PHILLIP BENTLEY JR PRESIDENT 0.00
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
2021 $4,440 $1,682,048 No data $-1,677,608
2020 $47,506 $9,927 $1,677,608 $37,579
2019 $2,419,333 $175,624 $1,640,029 $2,243,709
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