MADISON PARK HOUSING INC (EIN 943188225) - 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

PAUL CARNEY

Phone

5102875353

Tax Period

2023-01-01 to 2023-12-31

MADISON PARK HOUSING INC, founded in 1988, is a community nonprofit that reported $4.4M in total revenue in fiscal year 2023. Expenses of $5.7M exceeded revenue, resulting in a 31% operating deficit.

Mission

TO PROVIDE LOW-INCOME HOUSING

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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 $4,355,927

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,355,927

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,727,979

Other Expenses $5,727,979

TOTAL EXPENSES $5,727,979

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,355,927	$4,094,498	+0.1%
Expenses	$5,727,979	$4,500,804	+0.3%
Net Income	$-1,372,052	$-406,306	+2.4%

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

$348,383

Total Directors

$225,240

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TED DANG	PRESIDENT	0.50	Officer Director	$0	$0	$0
RICHARD QUACH	SECRETARY	0.50	Officer Director	$0	$0	$0
KLEIN LIEU	TREASURER	0.50	Officer Director	$0	$0	$0
LESLIE FRANCIS	BOARD MEMBER	0.50	Director	$0	$0	$0
LINA SHETH	INTERIM CHIEF EXECUTIVE OFFICER	0.50	Officer Director	$223,500	$1,740	$225,240
ANDRE H MADEIRA	CHIEF EXECUTIVE OFFICER	0.50	Officer	$57,828	$1,053	$58,881
SEAN SULLIVAN	INTERIM CHIEF EXECUTIVE OFFICER	0.50	Officer	$63,462	$800	$64,262

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	$4,355,927	$5,727,979	$889,712	$-1,372,052
2022	$4,094,498	$4,500,804	$4,339,730	$-406,306
2021	$3,729,399	$5,188,968	$4,746,036	$-1,459,569
2020	$3,320,071	$4,731,557	$6,205,605	$-1,411,486
2019	$1,871,526	$2,176,909	No data	$-305,383
2018	No data	$41,088	$1,657,734	No data

MADISON PARK HOUSING INC