Maple City Development Corporation (EIN 813388363) - 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

Karen Carney

Phone

6073247912

Tax Period

2024-01-01 to 2024-12-31

Maple City Development Corporation, founded in 2016, is a micro nonprofit in the Housing & Shelter sector that reported $44K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $126K exceeded revenue, resulting in a 187% operating deficit.

Mission

Developing low-income housing in the City of Hornell Housing Authority to provide housing accomodations to the poor and distressed

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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 $32,515

Investment Income $11,475

Other Revenue $0

TOTAL REVENUE $43,990

Expense Breakdown

Grants Paid $500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $121,646

Other Expenses $125,587

TOTAL EXPENSES $126,087

Year-over-Year Comparison

	2024	2023	Change
Revenue	$43,990	$33,649	+0.3%
Expenses	$126,087	$20,465	+5.2%
Net Income	$-82,097	$13,184	-7.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Karen Carney	Chairperson/President	0.10	Officer Director	$0	$0	$0
Lori Reese	Vice Chairperson/Vice President	0.10	Officer Director	$0	$0	$0
Kelly VanDuser	Secretary/Treasurer	0.10	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	$43,990	$126,087	$441,801	$-82,097
2023	$33,649	$20,465	$523,898	$13,184
2022	$106,768	$65,772	$552,145	$40,996
2021	$128,786	$69,975	$547,555	$58,811
2020	$91,062	$45,727	$486,833	$45,335
2019	$175,730	$100,061	$436,539	$75,669
2018	$730,020	$438,925	$349,439	$291,095

Maple City Development Corporation