MV CENTRAL PARK APARTMENTS INC (EIN 770283354) - 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

MATTHEW O FRANKLIN

Phone

6503562900

Tax Period

2023-01-01 to 2023-12-31

MV CENTRAL PARK APARTMENTS INC, founded in 1998, is a micro nonprofit in the Housing & Shelter sector that reported $55K in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE SAFE, AFFORDABLE HOUSING OF HIGH QUALITY TO THOSE IN NEED; TO ESTABLISH STABILITY AND OPPORTUNITY IN THE LIVES OF RESIDENTS; AND TO FOSTER DIVERSE COMMUNITIES THAT ALLOW PEOPLE FROM ALL ETHNIC, SOCIAL AND ECONOMIC BACKGROUNDS TO LIVE IN DIGNITY, HARMONY, AND MUTUAL RESPECT.

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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 $52,377

Investment Income $2,504

Other Revenue $0

TOTAL REVENUE $54,881

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $52,197

Other Expenses $53,947

TOTAL EXPENSES $53,947

Year-over-Year Comparison

	2023	2022	Change
Revenue	$54,881	$100,882	-0.5%
Expenses	$53,947	$52,067	+0.0%
Net Income	$934	$48,815	-1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KYLE ATTENHOFER	PRESIDENT	0.10	Officer Director	$0	$0	$0
KATHERINE FLEMING	VICE PRESIDENT/ SECRETARY	0.10	Officer Director	$0	$0	$0
TATIANA BLANK	TREASURER/ CFO	0.10	Officer Director	$0	$0	$0
JANINE LIND	SECRETARY	0.10	Officer	$0	$0	$0
MATTHEW O FRANKLIN	SECRETARY	0.10	Officer	$0	$0	$0
MICHAEL J VERGURA	SECRETARY	0.10	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	No data	No data	No data	No data
2023	$54,881	$53,947	$682,688	$934
2022	$100,882	$52,067	$739,547	$48,815
2021	$596,342	$94,989	$735,956	$501,353
2020	$353,432	$94,662	$695,343	$258,770
2019	$362,974	$89,984	$714,926	$272,990
2018	$117,652	$89,725	$689,690	$27,927

MV CENTRAL PARK APARTMENTS INC