MARY LEE COMMUNITY

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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

2000

Legal Domicile

Principal Officer

RUSS WALKER

Phone

5124435777

Tax Period

2022-07-01 to 2023-06-30

MARY LEE COMMUNITY, founded in 2000, is a small nonprofit that reported $825K in total revenue in fiscal year 2022. Revenue decreased 7% compared to the prior year. Expenses of $1.3M exceeded revenue, resulting in a 55% operating deficit.

Mission

THE ORGANIZATION OWNS, MAINTAINS, AND REFURBISHES REHABILITATION FACILITIES, BUILDINGS, MONUMENTS, AND STRUCTURES, OWNED BY THE CORPORATION, THAT WILL BENEFIT THE CARE, TREATMENT, HOUSING, WELFARE, AND EDUCATION OF THOSE PERSONS NEEDING MENTAL HEALTH AND MENTAL RETARDATION SERVICES, AND TO PROVIDE DECENT HOUSING THAT IS AFFORDABLE TO LOW AND MODERATE INCOME PERSONS IN TRAVIS COUNTY, TEXAS. THE ORGANIZATION WILL PROVIDE EDUCATIONAL, THERAPUETIC AND VOCATIONAL TRAINING, AND SERVICES FOR THE ECONOMICALLY, MENTALLY, AND PHYSICALLY AND/OR SOCIALLY DISADVANTAGED AND CHALLENGED, AND TO PERFORM SUCH OTHER ACTIVITIES AS MAY BE NECESSARY OR APPROPRIATE TO SUPPORT THE EXEMPT PURPOSES OF MARY LEE FOUNDATION.

Program Service Accomplishments

Program 1

Expenses: $1,128,985 Revenue: $825,133

MARY LEE COMMUNITY OWNS AND OPERATES 3 APARTMENT COMPLEXES IN AUSTIN, TEXAS. THE 30-UNIT AFFORDABLE HOUSING COMPLEX (CORNERSTONE APARTMENTS) WAS HOME TO 30 PERSONS AND/OR FAMILIES DURING THIS FISCAL YEAR, MANY WITH SPECIAL NEEDS, AS WELL AS, SINGLE PARENTS WITH YOUNG CHILDREN. THE 64-UNIT AFFORDABLE HOUSING APARTMENT COMPLEX (THE WILLOWS) WAS HOME TO 65 LOW INCOME INDIVIDUALS OR FAMIILIES, SOME OF WHICH WERE ELDERLY, DISABLED OR PREVIOUSLY HOMELESS. THE 40-UNIT AFFORDABLE HOUSING COMPLEX (THE LEGACY) WAS HOME TO 41 LOW INCOME INDIVIDUALS OR FAMILIES AND PEOPLE WITH DISABILITIES THIS FISCAL YEAR.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $825,133

Investment Income $0

Other Revenue $0

TOTAL REVENUE $825,133

Expense Breakdown

Grants Paid $0

Salaries & Benefits $288,383

Fundraising Expenses $0

Program Expenses $1,128,985

Other Expenses $990,522

TOTAL EXPENSES $1,278,905

Year-over-Year Comparison

	2022	2021	Change
Revenue	$825,133	$883,869	-0.1%
Expenses	$1,278,905	$1,172,775	+0.1%
Net Income	$-453,772	$-288,906	+0.6%

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

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

$189,949

Total Directors