MULTI ETHNIC HOUSING CORPORATION (EIN 942411163) - 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

1977

Legal Domicile

Principal Officer

CRAIG DEMORDAUNT

Phone

8013646117

Tax Period

2024-07-01 to 2025-06-30

MULTI ETHNIC HOUSING CORPORATION, founded in 1977, is a micro nonprofit in the Housing & Shelter sector that reported $81K in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $75K, a strong 92% operating margin.

Mission

PROVIDE LOW INCOME HOUSING FOR ELDERLY AND DISABLED INDIVIDUALS

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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 $27,645

Investment Income $53,594

Other Revenue $0

TOTAL REVENUE $81,239

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $6,613

TOTAL EXPENSES $6,613

Year-over-Year Comparison

	2024	2023	Change
Revenue	$81,239	$50,366	+0.6%
Expenses	$6,613	$5,628	+0.2%
Net Income	$74,626	$44,738	+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

N/A

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
GREG CHAPMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARON ABEGGLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
BIP DANIELS	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL IWASKI	VICE PRESIDE	1.00	Director	$0	$0	$0
CRAIG DEMORDAUNT	PRESIDENT	1.00	Director	$0	$0	$0
LAURALEE DUARTE	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY OLIVER	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT SCHWAB	SECRETARY/TR	1.00	Director	$0	$0	$0
MARK L SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
MARION WILLEY	EXEC DIR	1.00	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	$81,239	$6,613	$2,365,858	$74,626
2024	$50,366	$5,628	$2,291,232	$44,738
2023	$3,917	$221	$2,246,494	$3,696
2022	$224	$244	$2,242,798	$-20
2021	$30,731	$120	$2,242,818	$30,611
2020	$1,060	No data	$2,212,207	No data
2019	$1,327	No data	$2,211,147	No data
2018	$41,652	$18	$2,209,820	$41,634

MULTI ETHNIC HOUSING CORPORATION