PLYMOUTH BAY HOUSING CORPORATION (EIN 010815503) - 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

2004

Legal Domicile

Principal Officer

PHILLIP TARANTINO

Phone

5087462105

Tax Period

2024-01-01 to 2024-12-31

PLYMOUTH BAY HOUSING CORPORATION, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $249K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $61K, a strong 25% operating margin.

Mission

TO PRESERVE AND PRODUCE AFFORDABLE HOUSING IN THE TOWN OF PLYMOUTH, MA ANDOTHER ADJACENT COMMUNITIES.

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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 $202,444

Investment Income $46,354

Other Revenue $0

TOTAL REVENUE $248,798

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $164,205

Other Expenses $187,318

TOTAL EXPENSES $187,318

Year-over-Year Comparison

	2024	2023	Change
Revenue	$248,798	$202,331	+0.2%
Expenses	$187,318	$128,347	+0.5%
Net Income	$61,480	$73,984	-0.2%

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

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

$40,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILLIP TARANTINO	PRESIDENT	1.00	Officer Director	$0	$0	$0
RITA OSBORNE	TREASURER/CLERK	1.00	Officer Director	$0	$0	$0
BRIAN COSTELLO	DIRECTOR	1.00	Director	$0	$0	$0
COLLEEN DOHERTY	DIRECTOR	1.00	Director	$0	$0	$0
ERCILIA FURTADO	DIRECTOR	1.00	Director	$0	$0	$0
GUY CORRICELLI	DIRECTOR	1.00	Director	$0	$0	$0
JOAN C PIMENTAL	CEO	1.00	Officer	$40,000	$0	$40,000

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
2024	$248,798	$187,318	$3,631,285	$61,480
2023	$202,331	$128,347	$3,330,295	$73,984
2022	$107,585	$68,512	$3,193,933	$39,073
2021	$99,862	$61,472	$3,155,106	$38,390
2020	$84,080	$55,975	$3,116,257	$28,105
2019	$82,866	$50,065	$3,090,428	$32,801
2018	$83,121	$46,041	$3,054,117	$37,080

PLYMOUTH BAY HOUSING CORPORATION