PHA HOUSING DEVELOPMENT LTD (EIN 020481882) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

CRAIG WELCH

Phone

6034364310

Tax Period

2023-01-01 to 2023-12-31

PHA HOUSING DEVELOPMENT LTD, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $752K in total revenue in fiscal year 2023. Revenue fell 55% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $252K, a strong 34% operating margin.

Mission

THE ORGANIZATION WAS ORGANIZED BY THE PORTSMOUTH HOUSING AUTHORITY, FEDERAL ID# 02-0232672, TO SUPPORT THE PURPOSES OF THE HOUSING AUTHORITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $357,399

Program Service Revenue $216,412

Investment Income $157,445

Other Revenue $21,090

TOTAL REVENUE $752,346

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $500,198

Other Expenses $500,198

TOTAL EXPENSES $500,198

Year-over-Year Comparison

	2023	2022	Change
Revenue	$752,346	$1,674,693	-0.6%
Expenses	$500,198	$602,303	-0.2%
Net Income	$252,148	$1,072,390	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
JOHN BOHENKO	DIRECTOR	Director	$0	$0	$0
KATHLEEN BERGERON	DIRECTOR	Director	$0	$0	$0
ERNIE CARRIER	DIRECTOR	Director	$0	$0	$0
THOMAS FERRINI	SECRETARY	Officer	$0	$0	$0
ADAM RUEDIG	PRESIDENT	Officer	$0	$0	$0
KATHERINE KANE	VICE PRESIDENT	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
2024	No data	No data	No data	No data
2023	$752,346	$500,198	$10,965,352	$252,148
2022	$1,674,693	$602,303	$10,418,843	$1,072,390
2021	$1,586,862	$400,884	$9,363,896	$1,185,978
2020	$1,132,228	$414,452	$8,205,879	$717,776
2019	$491,223	$351,026	$7,560,422	$140,197
2018	$491,026	$373,687	$7,448,167	$117,339

PHA HOUSING DEVELOPMENT LTD