MAIN STREET CONNECT INC

EIN: 815280080 501(c)(3) Housing & Shelter

ROCKVILLE, MD

Total Revenue
$1,564,541
Total Expenses
$1,129,659
Total Assets
$10,334,278
Net Assets
$10,311,052
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
MD
Principal Officer
JILLIAN COPELAND
Phone
3014610024
Tax Period
2024-01-01 to 2024-12-31

MAIN STREET CONNECT INC, founded in 2017, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $435K, a strong 28% operating margin.

Mission

MAIN STREET'S MISSION IS TO MEET THE URGENT NEED FOR DISABILITY HOUSING AND PROGRAMMING WITH AFFORDABLE, COMMUNITY-CENTERED SPACES AND OPPORTUNITIES THAT PROMOTE INCLUSION, INDEPENDENCE AND QUALITY OF LIFE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,199,856
Program Service Revenue $0
Investment Income $433,841
Other Revenue $-69,156
TOTAL REVENUE $1,564,541

Expense Breakdown

Grants Paid $0
Salaries & Benefits $757,441
Fundraising Expenses $116,234
Program Expenses $654,194
Other Expenses $372,218
TOTAL EXPENSES $1,129,659

Year-over-Year Comparison

2024 2023 Change
Revenue $1,564,541 $1,407,251 +0.1%
Expenses $1,129,659 $903,563 +0.3%
Net Income $434,882 $503,688 -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

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Governance

Voting Members
8
Independent Members
8
Employees
14
Volunteers
91

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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JILLIAN COPELAND BOARD CHAIR 15.00
Officer Director
$0 $0 $0
ROBERT GRANADER DIRECTOR 1.00
Director
$0 $0 $0
DAVID ASTROVE DIRECTOR 1.00
Director
$0 $0 $0
LISA FRIEDLANDER DIRECTOR 1.00
Officer Director
$0 $0 $0
KAREN BROWN BEVERIDGE DIRECTOR 1.00
Officer Director
$0 $0 $0
ANDY FRIEDLANDER DIRECTOR 1.00
Director
$0 $0 $0
DONTE BROWN DIRECTOR 1.00
Director
$0 $0 $0
JENI STEPANEK DIRECTOR 1.00
Director
$0 $0 $0
SCOTT COPELAND TREASURER 15.00
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 $1,564,541 $1,129,659 $10,334,278 $434,882
2023 $1,407,251 $903,563 $9,944,977 $503,688
2022 $1,289,513 $737,078 $9,371,691 $552,435
2021 $2,266,244 $671,634 $8,826,786 $1,594,610
2020 $2,152,038 $566,212 $7,289,775 $1,585,826
2019 $1,577,097 $165,848 $5,636,826 $1,411,249
2018 $1,690,759 $84,228 $4,220,371 $1,606,531
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