BROMONT HOUSING CORPORATION OLIVE MANOR SENIOR APARTMENTS

EIN: 954724249 501(c)(3)

MEMPHIS, TN

Total Revenue
$354
Total Expenses
$341,367
Total Assets
$52,142
Net Assets
$52,070
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
CA
Principal Officer
MATTHEW OSBORNE
Phone
6788606833
Tax Period
2024-01-01 to 2024-12-31

BROMONT HOUSING CORPORATION OLIVE MANOR SENIOR APARTMENTS, founded in 1998, is a micro nonprofit that reported $354 in total revenue in fiscal year 2024. Revenue fell 80% from the prior year — a significant decline worth monitoring. Expenses of $341K exceeded revenue, resulting in a 96331% operating deficit.

Mission

PROVIDE ELDERLY AND HANDICAPPED PERSONS OF LIMITED FINANCIAL MEANS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS.

Program Service Accomplishments

Program 1
Expenses: $340,517

PROVIDE HOUSING TO VERY LOW-INCOME ELDERLY PERSONS OR VERY LOW-INCOME PERSONS WITH DISABILITIES IN ACCORDANCE WITH SECTION 202 OF THE HOUSING ACT OF 1959.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $354
Other Revenue $0
TOTAL REVENUE $354

Expense Breakdown

Grants Paid $340,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $340,517
Other Expenses $1,367
TOTAL EXPENSES $341,367

Year-over-Year Comparison

2024 2023 Change
Revenue $354 $1,733 -0.8%
Expenses $341,367 $6,849 +48.8%
Net Income $-341,013 $-5,116 +65.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

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
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW OSBORNE DIRECTOR/PRESIDENT 0.50
Officer Director
$0 $0 $0
JOSHUA HAMMOND DIRECTOR/TREASURER 0.50
Officer Director
$0 $0 $0
PAUL PONTE DIRECTOR/SECRETARY 0.50
Officer Director
$0 $0 $0
PATRICK SHEA DIRECTOR 0.50
Director
$0 $0 $0
MARK SEGAL DIRECTOR 0.50
Director
$0 $0 $0
ROBERT BALDACCI DIRECTOR 0.50
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 $354 $341,367 $52,142 $-341,013
2023 $1,733 $6,849 $393,083 $-5,116
2022 $4,957,695 $2,468,315 $400,603 $2,489,380
2021 $1,003,536 $926,105 $4,805,476 $77,431
2020 $469,526 $703,002 $4,788,979 $-233,476
2019 $435,729 $589,767 $4,935,688 $-154,038
2018 $409,670 $551,860 $5,069,793 $-142,190
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