MADISON STREET HOUSING DEVELOPMENT FUND CORPORATION (EIN 811725502) - 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

2016

Legal Domicile

Principal Officer

THOMAS YU

Phone

2124772265

Tax Period

2024-01-01 to 2024-12-31

MADISON STREET HOUSING DEVELOPMENT FUND CORPORATION, founded in 2016, is a small nonprofit in the Housing & Shelter sector that reported $264K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $381K exceeded revenue, resulting in a 44% operating deficit.

Mission

ACQUIRES, PRESERVES, AND OPERATES AFFORDABLE RENTAL HOUSING FOR LOW INCOME TO MEDIAN INCOME

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $262,876

Investment Income $0

Other Revenue $1,274

TOTAL REVENUE $264,150

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $327,112

Other Expenses $381,456

TOTAL EXPENSES $381,456

Year-over-Year Comparison

	2024	2023	Change
Revenue	$264,150	$242,384	+0.1%
Expenses	$381,456	$353,614	+0.1%
Net Income	$-117,306	$-111,230	+0.1%

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

$1,242,683

Total Directors

$1,045,965

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HSUEH LAM YAN	SECRETARY/DIR., ASSET & PROP. MGMT.	1.00	Officer Director	$0	$26,543	$220,267
HUI-YUAN NELSON CHAN	TREASURER/MANG. DIR. OF REAL ESTATE	1.00	Officer Director	$0	$64,387	$270,854
THOMAS YU	PRESIDENT/ED	1.00	Officer Director	$0	$61,872	$345,979
MY T CHANG	VICE PRESIDENT/CHIEF OF STAFF	1.00	Officer Director	$0	$9,430	$208,865
JOY SUZANNE GRANADO	CHIEF ACCOUNTING OFFICER (OUTGOING)	1.00	Officer	$0	$21,446	$196,718

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	$264,150	$381,456	$3,525,571	$-117,306
2023	$242,384	$353,614	$3,616,255	$-111,230
2022	$234,977	$353,462	$3,741,842	$-118,485
2021	$243,115	$336,078	$3,865,885	$-92,963
2020	$253,859	$262,691	$3,978,789	$-8,832
2019	$213,184	$255,716	$4,014,699	$-42,532
2018	$220,876	$256,189	$4,081,052	$-35,313

MADISON STREET HOUSING DEVELOPMENT FUND CORPORATION