ST MARY'S HOUSING DEVELOPMENT CORP

EIN: 860711922 501(c)(3)

PHOENIX, AZ

Total Revenue
$345,478
Total Expenses
$417,158
Total Assets
$497,563
Net Assets
$447,533
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
AZ
Principal Officer
CHEAK YEE
Phone
6029970013
Tax Period
2023-01-01 to 2023-12-31

ST MARY'S HOUSING DEVELOPMENT CORP, founded in 1988, is a small nonprofit that reported $345K in total revenue in fiscal year 2023. Expenses of $417K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO PROVIDE HOUSING AND SUPPORT SERVICES TO ELDERLY AND HANDICAPPED PERSONS.

Program Service Accomplishments

Program 1
Expenses: $355,374 Revenue: $344,728

THE ORGANIZATION PROVIDED AFFORDABLE HOUSING TO ELDERLY RESIDENTS THROUGH THE OPERATION OF A 41-UNIT HUD 202 PRAC MULTIFAMILY HOUSING COMMUNITY IN PHOENIX, ARIZONA. IN 2023, THIS ORGANIZATION SERVED...

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THE ORGANIZATION PROVIDED AFFORDABLE HOUSING TO ELDERLY RESIDENTS THROUGH THE OPERATION OF A 41-UNIT HUD 202 PRAC MULTIFAMILY HOUSING COMMUNITY IN PHOENIX, ARIZONA. IN 2023, THIS ORGANIZATION SERVED 49 RESIDENTS: 2% UNDER THE AGE OF 62; 92% WERE BETWEEN AGES 62-81; AND 4% BETWEEN AGES 82-93; AND 2% UNKNOWN. ST MARY'S MANOR EMPLOYED A SERVICE COORDINATOR WHO ASSISTED RESIDENTS IN OBTAINING NEEDED SUPPORTIVE SERVICES AND REFERRALS TO COMMUNITY-BASED AGENCIES. IN 2023, THE SERVICE COORDINATOR SCHEDULED RESIDENT IN-SERVICES ON A VARIETY OF TOPICS FOR SENIOR HEALTH AND WELLNESS, INCLUDING: FALL PREVENTION, MEDICARE OPEN ENROLLMENT, MANAGING CHRONIC ILLNESS, EMERGENCY PREPAREDNESS, HEAT SAFETY, GRIEF AND LOSS, FRAUD PREVENTION AND A DOC TALK. ONGOING ACTIVITIES SUCH AS BIRTHDAY AND HOLIDAY (CONT'D ON SCH O) CELEBRATIONS, BINGO, BREAKFAST CLUB, BLOOD PRESSURE CLINICS WERE ENJOYED EACH MONTH. THE SERVICE COORDINATOR CONTINUED TO ASSIST RESIDENTS WITH SERVICES SUCH AS: BENEFITS/ENTITLEMENTS, CASE MANAGEMENT, EMERGENCY FOOD AND HOME DELIVERED MEALS, CRISIS INTERVENTION AND SUPPORTIVE COUNSELING, ISOLATION INTERVENTION, SUBSTANCE ABUSE, EMERGENCY MONEY/RENT, HEALTHCARE SERVICES, TRANSLATION/INTERPRETATION AND TRANSPORTATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $344,728
Investment Income $750
Other Revenue $0
TOTAL REVENUE $345,478

Expense Breakdown

Grants Paid $0
Salaries & Benefits $127,396
Fundraising Expenses $0
Program Expenses $355,374
Other Expenses $289,762
TOTAL EXPENSES $417,158

Year-over-Year Comparison

2023 2022 Change
Revenue $345,478 $331,893 +0.0%
Expenses $417,158 $385,973 +0.1%
Net Income $-71,680 $-54,080 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
M CHEAK YEE PRESIDENT 0.20
Officer Director
$0 $0 $0
PHYLLIS EDESON SECRETARY/TREASURER 0.20
Officer Director
$0 $0 $0
JOSEPH SARMO VICE PRESIDENT 0.20
Officer Director
$0 $0 $0
PATRICIA BELL DIRECTOR 0.20
Director
$0 $0 $0
SILVIA SCOTT DIRECTOR 0.20
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 No data No data No data No data
2023 $345,478 $417,158 $497,563 $-71,680
2022 $331,893 $385,973 $568,446 $-54,080
2021 $292,766 $335,228 $628,397 $-42,462
2020 $294,316 $358,143 $705,249 $-63,827
2019 $292,679 $337,149 $725,490 $-44,470
2018 $296,334 $371,269 $830,520 $-74,935
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