ELDERLY HOUSING DEV & OPERATIONS

EIN: 650665009 501(c)(3) Housing & Shelter

PLANTATION, FL

Total Revenue
$11,970,071
Total Expenses
$9,166,654
Total Assets
$68,387,716
Net Assets
$55,273,793
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
DC
Principal Officer
MELANIE RIBEIRO
Phone
9548359200
Tax Period
2024-07-01 to 2025-06-30

ELDERLY HOUSING DEV & OPERATIONS, founded in 1996, is a mid-sized nonprofit in the Housing & Shelter sector that reported $12.0M in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.8M, a strong 23% operating margin.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE MANAGEMENT OF THE DAY-TO-DAY ACTIVITIES OF HOUSING PROJECTS THAT ARE REGULATED BY THE DEPARTMENT OF HOUSING & URBAN DEVELOPMENT (HUD) AND SPONSORSHIPS WITH HOUSING PROJECTS. THE ORGANIZATION ALSO DEVELOPS NEW PROJECTS TO EXPAND THEIR CAPACITY OF PROVIDING LOW-INCOME HOUSING THROUGH THE ADDITIONAL PROJECTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $21,331
Program Service Revenue $4,468,582
Investment Income $378,493
Other Revenue $7,101,665
TOTAL REVENUE $11,970,071

Expense Breakdown

Grants Paid $18,784
Salaries & Benefits $5,503,496
Fundraising Expenses $0
Program Expenses $7,064,379
Other Expenses $3,644,374
TOTAL EXPENSES $9,166,654

Year-over-Year Comparison

2024 2023 Change
Revenue $11,970,071 $16,844,664 -0.3%
Expenses $9,166,654 $15,625,691 -0.4%
Net Income $2,803,417 $1,218,973 +1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
14
Employees
55
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
5
$521,004
Total Directors
16
$547,545
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELANIE RIBEIRO PRESIDENT & 30.00
Officer Director
$445,620 $75,384 $521,004
ROLAND BROUSSARD SR VP DEV. & 40.00
Highest
$260,502 $56,311 $316,813
IRENE PHILLIPS CFO 40.00
Highest
$261,572 $31,794 $293,366
BRIAN TAYLOR ZITNIK VP PROPERTY 40.00
Highest
$166,184 $31,481 $197,665
PETER CLARK DEVELOPMENT 40.00
Highest
$139,985 $56,625 $196,610
RACHEL SHAW CALLAHAN VP HUMAN RES 40.00
Highest
$129,264 $56,403 $185,667
JOHN OLSEN DIRECTOR 16.00
Director
$26,541 $0 $26,541
MARY ANDERSON DIRECTOR 1.00
Director
$0 $0 $0
MAXINE CARTER DIRECTOR 1.00
Director
$0 $0 $0
MARIA CORDONE SECRETARY 1.00
Officer Director
$0 $0 $0
ERIC DEAN DIRECTOR 1.00
Director
$0 $0 $0
ELLEN FEINGOLD DIRECTOR 1.00
Director
$0 $0 $0
TONY FRANSETTA DIRECTOR 1.00
Director
$0 $0 $0
ROBERT MARTINEZ DIRECTOR 1.00
Director
$0 $0 $0
LOU MORET DIRECTOR 1.00
Director
$0 $0 $0
CECIL ROBERTS DIRECTOR 1.00
Director
$0 $0 $0
EDWARD L ROMERO VICE PRESIDE 1.00
Officer Director
$0 $0 $0
ERICA SCHMELZER TREASURER 0.10
Officer Director
$0 $0 $0
CHRISTOPHER SHELTON CHAIRMAN 1.00
Officer Director
$0 $0 $0
ROGER SMITH DIRECTOR 1.00
Director
$0 $0 $0
THOMAS VILLANOVA 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 $11,970,071 $9,166,654 $68,387,716 $2,803,417
2024 $16,844,664 $15,625,691 $62,896,066 $1,218,973
2023 $6,948,538 $9,919,565 $61,198,404 $-2,971,027
2022 $7,823,103 $5,311,891 $58,992,114 $2,511,212
2021 $6,886,084 $4,404,086 $42,027,773 $2,481,998
2020 $10,762,288 $3,611,430 $39,975,732 $7,150,858
2019 $3,919,268 $3,770,501 $32,498,968 $148,767
2018 $4,253,492 $4,208,208 $31,097,340 $45,284
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