MERCY PLACE BELMONT INC (EIN 800034784) - 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

2002

Legal Domicile

Principal Officer

JAMES ALEXANDER

Phone

3038303300

Tax Period

2023-01-01 to 2023-12-31

MERCY PLACE BELMONT INC, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $366K in total revenue in fiscal year 2023. Expenses of $474K exceeded revenue, resulting in a 30% operating deficit.

Mission

OWN AND OPERATE A 40-UNIT LOW-INCOME HOUSING PROJECT KNOWN AS MERCY PLACE BELMONT LOCATED IN BELMONT, NORTH CAROLINA, PROVIDING HOUSING TO ELDERLY AND/OR HANDICAPPED PERSONS

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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 $208,239

Program Service Revenue $153,551

Investment Income $2,725

Other Revenue $1,795

TOTAL REVENUE $366,310

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $445,533

Other Expenses $474,413

TOTAL EXPENSES $474,413

Year-over-Year Comparison

	2023	2022	Change
Revenue	$366,310	$352,560	+0.0%
Expenses	$474,413	$418,768	+0.1%
Net Income	$-108,103	$-66,208	+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

N/A

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

$1,209,333

Total Directors

$1,021,618

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANYEKA WALLACE	DIRECTOR	1.00	Director	$0	$20,295	$159,004
BOBBY ARTIS	DIRECTOR	1.00	Director	$0	$34,463	$138,421
ELAINE WILLIAMS	DIRECTOR	1.00	Director	$0	$10,851	$79,556
JAMES ALEXANDER	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$10,383	$205,601
JOSEPH ROSENBLUM	SECRETARY/DIRECTOR	1.00	Officer Director	$0	$10,201	$232,549
SELENA FREEMAN	DIRECTOR	1.00	Director	$0	$23,335	$127,574
TERRY STEIDEN	DIRECTOR	1.00	Director	$0	$10,817	$78,913
CHAD PAYNE	TREASURER	1.00	Officer	$0	$8,496	$200,685
MELISSA CLAYTON	VICE PRESIDENT	1.00	Officer	$0	$33,798	$299,519
KASSIDI BOENING	VICE PRESIDENT	1.00	Officer	$0	$28,632	$172,676
BRUCE SAAB	VICE PRESIDENT (UNTIL 10/23)	1.00	Officer	$0	$13,324	$98,303

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	$366,310	$474,413	$1,315,763	$-108,103
2022	$352,560	$418,768	$1,407,014	$-66,208
2021	$332,027	$435,982	$1,480,955	$-103,955
2020	$336,012	$453,115	$1,582,529	$-117,103
2019	$326,493	$439,989	$1,698,988	$-113,496
2018	$312,617	$444,385	$1,811,882	$-131,768

MERCY PLACE BELMONT INC