MARTIN LUTHER KING HOUSING DEVELOPMENT ASSOCIATION (EIN 943081814) - 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

Linda Fotiou

Phone

2536821300

Tax Period

2024-07-01 to 2025-06-30

MARTIN LUTHER KING HOUSING DEVELOPMENT ASSOCIATION, founded in 1988, is a small nonprofit in the Housing & Shelter sector that reported $286K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $435K exceeded revenue, resulting in a 52% operating deficit.

Mission

We are a Community Based Organization that provides Affordable Housing, Emergency Shelter, Supportive Services and promotes Self-Sufficiency, Homeownership, Neighborhood Revitalization and Economic Development.

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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 $279,768

Investment Income $0

Other Revenue $5,807

TOTAL REVENUE $285,575

Expense Breakdown

Grants Paid $0

Salaries & Benefits $120,986

Fundraising Expenses $0

Program Expenses $347,723

Other Expenses $313,547

TOTAL EXPENSES $434,533

Year-over-Year Comparison

	2024	2023	Change
Revenue	$285,575	$306,914	-0.1%
Expenses	$434,533	$457,384	0.0%
Net Income	$-148,958	$-150,470	0.0%

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

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

$66,897

Key Employees

$54,088

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Linda Fotiou	Interim Executive Director	40	Director	$66,897	$0	$66,897
Annette Stewart	Comptroller	40	Key Emp	$54,088	$0	$54,088
Douglas Coleman	Board President	0	Officer	$0	$0	$0
Amanda Fennell	Board Secretary	0	Officer	$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	$285,575	$434,533	$2,052,775	$-148,958
2024	$306,914	$457,384	$2,159,260	$-150,470
2023	$293,366	$368,390	$2,242,898	$-75,024
2022	$304,153	$425,285	$2,390,638	$-121,132
2021	$333,613	$426,231	$2,455,136	$-92,618
2020	$308,008	$385,387	$2,497,430	$-77,379
2019	$294,731	$405,126	$2,565,681	$-110,395

MARTIN LUTHER KING HOUSING DEVELOPMENT ASSOCIATION