MHANY STELLA HEIGHTS HOUSING DEVELOPMENT FUND CORPORATION (EIN 842668403) - 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

2019

Legal Domicile

Principal Officer

ISMENE SPELIOTIS

Phone

7182468080

Tax Period

2023-01-01 to 2023-12-31

MHANY STELLA HEIGHTS HOUSING DEVELOPMENT FUND CORPORATION, founded in 2019, is a small nonprofit in the Housing & Shelter sector that reported $609K in total revenue in fiscal year 2023. Expenses of $2.2M exceeded revenue, resulting in a 264% operating deficit.

Mission

DEVELOP, ON A NON PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $608,458

Investment Income $0

Other Revenue $477

TOTAL REVENUE $608,935

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,167,088

Other Expenses $2,215,704

TOTAL EXPENSES $2,215,704

Year-over-Year Comparison

	2023	2022	Change
Revenue	$608,935	$617,887	0.0%
Expenses	$2,215,704	$1,536,823	+0.4%
Net Income	$-1,606,769	$-918,936	+0.7%

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
DOROTHY AMADI	SECRETARY	1.00	Officer Director	$0	$0	$0
JENNY PACHECO	TREASURER	1.00	Officer Director	$0	$0	$0
NATALIE BROWN	PRESIDENT	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
2023	$608,935	$2,215,704	$4,875	$-1,606,769
2022	$617,887	$1,536,823	$6,986,761	$-918,936
2021	$621,883	$1,454,556	$6,908,768	$-832,673
2020	$614,313	$1,630,166	$7,091,462	$-1,015,853
2019	$174,554	$377,305	$7,014,283	$-202,751

MHANY STELLA HEIGHTS HOUSING DEVELOPMENT FUND CORPORATION