HEARTLAND MHDC TOWER CORPORATION (EIN 811988281) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

RICHARD GONZALEZ

Phone

3122369673

Tax Period

2024-01-01 to 2024-12-31

HEARTLAND MHDC TOWER CORPORATION, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $701K in total revenue in fiscal year 2024.

Mission

METROPOLITAN HOUSING DEVELOPMENT CORPORATION (MHDC) IS A NOT-FOR-PROFIT CORPORATION CHARTERED TO DEVELOP, OWN, AND MANAGE LOW AND MODERATE INCOME HOUSING.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $701,285

Investment Income $20

Other Revenue $0

TOTAL REVENUE $701,305

Expense Breakdown

Grants Paid $0

Salaries & Benefits $76,770

Fundraising Expenses $0

Program Expenses $617,496

Other Expenses $648,178

TOTAL EXPENSES $724,948

Year-over-Year Comparison

	2024	2023	Change
Revenue	$701,305	$664,580	+0.1%
Expenses	$724,948	$701,420	+0.0%
Net Income	$-23,643	$-36,840	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

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

$250,000

Total Directors

$250,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD GONZALEZ	PRESIDENT	5.00	Officer Director	$0	$0	$250,000
PAUL KORLAPATI	TREASURER	5.00	Officer Director	$0	$0	$0
NELSON RIVERA	SECRETARY	5.00	Officer 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	No data	No data	No data	No data
2024	$701,305	$724,948	$2,152,001	$-23,643
2023	$664,580	$701,420	$2,213,194	$-36,840
2022	$669,573	$646,000	$2,313,197	$23,573
2021	$663,759	$605,145	$2,341,060	$58,614
2020	$607,535	$660,510	$2,362,100	$-52,975

HEARTLAND MHDC TOWER CORPORATION