MBCDC - FERNWOOD APARTMENTS (EIN 650899456) - 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

1998

Legal Domicile

Principal Officer

CRISTIAN ARANGO II

Phone

3055380090

Tax Period

2023-10-01 to 2024-09-30

MBCDC - FERNWOOD APARTMENTS, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $213K in total revenue in fiscal year 2023. Expenses of $418K exceeded revenue, resulting in a 96% operating deficit.

Mission

MBCDC FERNWOOD APARTMENTS, INC. IS A NON PROFIT ORGANIZATION INCORPORATED UNDER THE LAWS AND STATUTES OF THE STATE OF FLORIDA FOR THE PURPOSE OF DEVELOPING, OWNING AND OPERATING A HUD 811 PROJECT, WHICH PROVIDES LOW INCOME DISABLED PERSONS AND PERSONS LIVING WITH AIDS WITH HOUSING FACILITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,221

Investment Income $1,074

Other Revenue $210,327

TOTAL REVENUE $212,622

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,084

Fundraising Expenses $0

Program Expenses $417,576

Other Expenses $391,718

TOTAL EXPENSES $417,802

Year-over-Year Comparison

	2023	2022	Change
Revenue	$212,622	$205,757	+0.0%
Expenses	$417,802	$232,953	+0.8%
Net Income	$-205,180	$-27,196	+6.5%

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

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

$54,880

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUANITA FRANKLIN	DIRECTOR	2.00	Director	$0	$0	$0
RAYMOND PEREIRA	TREASURER	2.00	Director	$0	$0	$0
JEREMY SHIR	DIRECTOR	2.00	Director	$0	$0	$0
MARIA BARRIOS	DIRECTOR	2.00	Director	$0	$0	$0
CICELY HODGES	DIRECTOR	2.00	Director	$0	$0	$0
CATALINA RODRIGUEZ	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL HAMMON	CHAIRMAN	2.00	Officer	$0	$0	$0
CRISTIAN ARANGO II	CHIEF OF OPERATIONS	2.00	Officer	$0	$0	$54,880
WILL WISEHEART	SECRETARY	2.00	Officer	$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
2024	$212,622	$417,802	$1,245,857	$-205,180
2023	$205,757	$232,953	$1,345,958	$-27,196
2022	$190,252	$304,059	$1,274,477	$-113,807
2021	$193,475	$246,942	$1,338,555	$-53,467
2020	$189,881	$290,495	$1,396,806	$-100,614
2019	$194,376	$281,871	$1,498,429	$-87,495
2018	$184,993	$265,727	$1,536,970	$-80,734

MBCDC - FERNWOOD APARTMENTS