MBHP OFFICE CORPORATION (EIN 812357359) - 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

ANNE ROUSSEAU

Phone

6178590400

Tax Period

2023-07-01 to 2024-06-30

MBHP OFFICE CORPORATION, founded in 2016, is a micro nonprofit that reported $70K in total revenue in fiscal year 2023. Revenue fell 87% from the prior year — a significant decline worth monitoring. Expenses of $10.1M exceeded revenue, resulting in a 14309% operating deficit.

Mission

THIS CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE ACTIVITIES (WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE) BENEFITING, PERFORMING THE FUNCTIONS OF, AND CARRYING OUT THE PURPOSES OF METROPOLITAN BOSTON HOUSING PARTNERSHIP, INC. D/B/A METRO HOUSING BOSTON, A MASSACHUSETTS NON-PROFIT CORPORATION, INCLUDING LEASE OF OFFICE SPACE. IN ADDITION, THIS CORPORATION MAY CARRY ON ANY OTHER ACTIVITY IN SUPPORT OF AND TO BENEFIT THE ABOVE PURPOSES AS CARRIED ON BY A CORPORATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE) AND ORGANIZED UNDER CHAPTER 180 OF THE MASSACHUSETTS GENERAL LAWS.

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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 $70,094

Investment Income $0

Other Revenue $0

TOTAL REVENUE $70,094

Expense Breakdown

Grants Paid $9,845,806

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,099,776

Other Expenses $253,970

TOTAL EXPENSES $10,099,776

Year-over-Year Comparison

	2023	2022	Change
Revenue	$70,094	$536,016	-0.9%
Expenses	$10,099,776	$658,629	+14.3%
Net Income	$-10,029,682	$-122,613	+80.8%

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

$415,482

Total Directors

$415,482

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC SHUPIN	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER T NORRIS	PRESIDENT/EXEC. DIRECTOR	1.00	Officer Director	$0	$23,668	$246,827
ANNE ROUSSEAU	TREASURER AND CFO	1.00	Officer Director	$0	$6,719	$168,655
CYNTHIA LACASSE	CLERK	1.00	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
2024	$70,094	$10,099,776	No data	$-10,029,682
2023	$536,016	$658,629	$10,029,682	$-122,613
2022	$536,025	$640,276	$10,126,069	$-104,251
2021	$536,047	$630,018	$10,211,883	$-93,971
2020	$536,098	$620,056	$10,287,417	$-83,958
2019	$536,123	$593,488	$10,352,938	$-57,365

MBHP OFFICE CORPORATION