MILES BUILDING INC

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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

1999

Legal Domicile

Principal Officer

HEATHER GRENIER

Phone

4065874486

Tax Period

2021-07-01 to 2022-06-30

Mission

LOW INCOME HOUSING: HOLDS GENERAL PARTNER INTEREST IN MILES LIMITED PARTNERSHIP WHICH IN TURN HOLDS TITLE TO AND MAINTAINS 40 SUBSIDIZED RENTAL UNITS FOR LOW-INCOME SENIORS AND DISABLED INDIVIDUALS.

Program Service Accomplishments

Program 1

MILES BUILDING, INC. IS THE GENERAL PARTNER IN A LOW INCOME TAX CREDIT PARTNERSHIP, MILES LIMITED PARTNERSHIP, WITH A 0.01% OWNERSHIP. MILES BUILDING, INC. IS RESPONSIBLE FOR OVERSIGHT OF AFFAIRS AND MAINTENANCE OF THE 40 SUBSIDIZED RENTAL UNITS FOR LOW INCOME SENIORS AND DISABLED INDIVIDUALS OWNED BY MILES LIMITED PARTNERSHIP.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $820

TOTAL EXPENSES $820

Year-over-Year Comparison

	2021	2020	Change
Revenue	N/A	$21,372	-1.0%
Expenses	$820	$2,375	-0.7%
Net Income	N/A	$18,997	N/A

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

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

$223,885

Total Directors

$590,003

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER GRENIER	PRESIDENT	1.00	Officer Director	$0	$8,285	$121,886
WHITT HAMPTON	TREASURER	1.00	Officer Director	$0	$15,005	$101,999
CAREN COUCH	BOARD MEMBER	1.00	Director	$0	$6,556	$47,710
THOMAS LEE	BOARD MEMBER	1.00	Director	$0	$6,162	$89,914
TRACY MENUEZ	BOARD MEMBER	1.00	Director	$0	$7,402	$108,580
SARA SAVAGE	BOARD MEMBER	1.00	Director	$0	$19,074	$116,782
ELLEN DOWNEY	BOARD MEMBER	1.00	Director	$0	$12	$3,132

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
2022	No data	$820	No data	No data
2022	No data	$820	$800	No data
2021	$21,372	$2,375	$1,883,923	$18,997
2020	$43,013	$20	$1,864,925	$42,993
2019	$56,157	$2,504	$1,821,932	$53,653
2018	$35,421	$746	$1,769,004	$34,675