ST MARY'S HOUSING DEVELOPMENT CORP (EIN 860711922) - 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

1988

Legal Domicile

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.

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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 $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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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
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

ST MARY'S HOUSING DEVELOPMENT CORP