BILLINGS VOA ELDERLY HOUSING INC MAGIC CITY TERRACES (EIN 753093658) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

DEJERNETTE BEATY

Phone

7033415000

Tax Period

2024-07-01 to 2025-06-30

BILLINGS VOA ELDERLY HOUSING INC MAGIC CITY TERRACES, founded in 2003, is a small nonprofit that reported $676K in total revenue in fiscal year 2018. Expenses of $812K exceeded revenue, resulting in a 20% operating deficit.

Mission

PROVIDES HOUSING TO ELDERLY AND DISABLED PERSONS AND FAMILIES UNDER SECTION 202 OF THE NATIONAL HOUSING ACT UNDER AN AGREEMENT WITH THE DEPARTMENT OF HUD.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $795,513

Investment Income $4,594

Other Revenue $50,000

TOTAL REVENUE $850,107

Expense Breakdown

Grants Paid $0

Salaries & Benefits $168,443

Fundraising Expenses $0

Program Expenses $884,830

Other Expenses $808,140

TOTAL EXPENSES $976,583

Year-over-Year Comparison

	2024	2023	Change
Revenue	$850,107	$764,824	+0.1%
Expenses	$976,583	$927,309	+0.1%
Net Income	$-126,476	$-162,485	-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

Governance

Voting Members

Independent Members

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

$3,651,421

Total Directors

$868,407

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL W KING	PRESIDENT	N/A	Officer Director	$0	$183,373	$868,407
DAVID NISIVOCCIA	ASST. TREAS/	N/A	Officer	$0	$74,234	$516,603
JOSEPH BUDZYNSKI	ASST TREAS/S	N/A	Officer	$0	$116,809	$465,439
PAUL SOCZYNSKI	ASST. TREAS/	N/A	Officer	$0	$30,221	$378,447
PETER DESJARDINS	ASST. TREAS/	N/A	Officer	$0	$40,506	$319,503
NANCY GAVIN	ASST. SEC/TR	N/A	Officer	$0	$87,852	$285,594
KIMBERLY KING	ASST. TREAS/	N/A	Officer	$0	$33,529	$256,810
DAVID PASKOFF	ASST. TREAS/	N/A	Officer	$0	$17,960	$197,896
DEJERNETTE BEATY	ASST. TREAS/	N/A	Officer	$0	$20,135	$193,522
FAITH NUTZ	ASST. SEC/TR	N/A	Officer	$0	$20,168	$169,200
PATTI ARNOLD	DIRECTOR	N/A	Director	$0	$0	$0
SHAWN BLOOM	DIRECTOR	N/A	Director	$0	$0	$0
KAREN ERICKSON	TREASURER	N/A	Officer Director	$0	$0	$0
KAREN HACKETT	SECRETARY	N/A	Officer Director	$0	$0	$0
CARMEN JACKSON	DIRECTOR	N/A	Director	$0	$0	$0
KEITH KNAPP	DIRECTOR	N/A	Director	$0	$0	$0
BETH MULLEN	DIRECTOR	N/A	Director	$0	$0	$0
DERRICK PERKINS	VICE CHAIR	N/A	Officer Director	$0	$0	$0
JEANNE PETERSON	DIRECTOR	N/A	Director	$0	$0	$0
NANCY RASE	CHAIR	N/A	Officer Director	$0	$0	$0
PATRICK SHERIDAN	DIRECTOR	N/A	Director	$0	$0	$0
JANET STRINGFELLOW	DIRECTOR	N/A	Director	$0	$0	$0
WALTER TEJADA	DIRECTOR	N/A	Director	$0	$0	$0
VORIS VIGEE	DIRECTOR	N/A	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	$850,107	$976,583	$4,695,454	$-126,476
2024	$764,824	$927,309	$4,890,482	$-162,485
2023	$735,765	$987,556	$5,090,845	$-251,791
2022	$715,629	$919,699	$5,280,971	$-204,070
2021	$725,349	$893,827	$5,510,134	$-168,478
2020	$908,802	$817,411	$5,749,714	$91,391
2019	$675,783	$811,688	$5,544,053	$-135,905

BILLINGS VOA ELDERLY HOUSING INC MAGIC CITY TERRACES