Manchester Housing Corporation II (EIN 990880933) - 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

2024

Legal Domicile

Principal Officer

Joseph D'Ascoli

Phone

8606432163

Tax Period

2025-01-01 to 2025-12-31

Manchester Housing Corporation II, founded in 2024, is a small nonprofit in the Housing & Shelter sector that reported $891K in total revenue in fiscal year 2025. Revenue surged 113% from the prior year, signaling strong growth momentum. Expenses of $847K left a modest 5% surplus.

Mission

To provide affordable rental housing for elderly and handicapped individuals. To development said housing by using tax credits and Section 8 rental assistance. To manage said properties

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $2,488

Other Revenue $888,701

TOTAL REVENUE $891,189

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,977

Fundraising Expenses $0

Program Expenses $0

Other Expenses $828,903

TOTAL EXPENSES $846,880

Year-over-Year Comparison

	2025	2024	Change
Revenue	$891,189	$417,837	+1.1%
Expenses	$846,880	$289,478	+1.9%
Net Income	$44,309	$128,359	-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

$185,000

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Paul Rubin	President	Officer Director	$0	$0	$0
Lisa O'Neill	Vice President	Officer Director	$0	$0	$0
Josh Howroyd	Director	Officer Director	$0	$0	$0
Tim Becker	Treasurer	Officer Director	$0	$0	$0
Eileen Remillard	Director	Director	$0	$0	$0
Joseph D'Ascoli	Managing Director	Director	$0	$185,000	$185,000

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	$891,189	$846,880	$2,474,196	$44,309
2024	$417,837	$289,478	$2,036,825	$128,359

Manchester Housing Corporation II