CENTER SOUTH HOUSING DEVELOPMENT C… - Form 990 Financial Data

🔒

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

2003

Legal Domicile

Principal Officer

THOMAS AK QUEENAN

Phone

2155578484

Tax Period

2022-07-01 to 2023-06-30

CENTER SOUTH HOUSING DEVELOPMENT CORPORATION, founded in 2003, is a small nonprofit in the Mental Health sector that reported $349K in total revenue in fiscal year 2022. Revenue fell 44% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $195K, a strong 56% operating margin.

Mission

ORGANIZED TO ACQUIRE, REHABILITATE, CONSTRUCT, OWN AND OPERATE AFFORDABLE HOUSING PROJECT IN PHILADEPHIA FOR THE PURPOSES OF PROVIDING LOW INCOME, SAFE, AFFORDABLE, AND PERMANENT HOUSING FOR THE DISABLED AS MAY BE IDENTIFIED BY FEDERAL, STATE, OR COUNTY OFFICIALS.

Program Service Accomplishments

Program 1

Expenses: $140,590 Revenue: $349,174

ESTABLISHED TO PROVIDE DISABLED PERSONS WITH HOUSING FACILITIES AND SERVICES TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS. DURING THE YEAR ENDED 06/30/2023, THE ORGANIZATION PROVIDED 10...

ESTABLISHED TO PROVIDE DISABLED PERSONS WITH HOUSING FACILITIES AND SERVICES TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS. DURING THE YEAR ENDED 06/30/2023, THE ORGANIZATION PROVIDED 10 HOUSING UNITS TO DISABLED PERSONS.

🔒

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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $48,300

Investment Income $15

Other Revenue $300,874

TOTAL REVENUE $349,189

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,821

Fundraising Expenses $0

Program Expenses $140,590

Other Expenses $132,340

TOTAL EXPENSES $154,161

Year-over-Year Comparison

	2022	2021	Change
Revenue	$349,189	$625,113	-0.4%
Expenses	$154,161	$131,057	+0.2%
Net Income	$195,028	$494,056	-0.6%

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

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

$830,585

Total Directors

Key Employees

$431,763

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL DAVIDSON ESQ	CHAIR	0.30	Officer Director	$0	$0	$0
RUSSEL JOHNSON	VICE CHAIR	0.30	Officer Director	$0	$0	$0
MARK DUFFY	TREASURER	0.30	Officer Director	$0	$0	$0
MICHAEL SIMMONS	SECRETARY	0.30	Officer Director	$0	$0	$0
HARRY G DITTMANN	BOARD MEMBER	0.30	Director	$0	$0	$0
JAMES KILCOYNE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARVA WILLIAMS	BOARD MEMBER	0.30	Director	$0	$0	$0
ROBERT H KWAIT	ASSISTANT SECRETARY, VP	1.00	Officer	$0	$28,619	$223,212
MARK DEITCHER	ASSISTANT TREASURER, VP	1.00	Officer	$0	$28,271	$226,472
CHIP DARLING	VICE PRESIDENT & COO	1.00	Officer	$0	$28,017	$210,516
THOMAS AK QUEENAN	PRESIDENT & CEO	1.00	Officer	$0	$759	$170,385
SUSAN MCPHEDREN	DIRECTOR OF DEVELOPMENT - PHILADELPHIA	37.50	Key Emp	$0	$24,148	$187,360
SARAH CONSTANT	SENIOR VP, REAL ESTATE DEVELOPMENT	37.50	Key Emp	$0	$26,635	$244,403
CHARISE WALKER	DIRECTOR OF COMPLIANCE	37.50	Highest	$0	$25,772	$158,093
PATRICK SNOKE	DIRECTOR OF CONSTRUCTION	37.50	Highest	$0	$13,787	$147,927
SUSAN MCMICHAEL	DIRECTOR OF INFORMATION SYSTEMS	37.50	Highest	$0	$25,499	$146,639
MICHON CONNELL	VICE PRESIDENT OF ACCOUNTING AND REPORTING	37.50	Highest	$0	$13,640	$141,914
ELIZABETH EVERHART	SENIOR DEVELOPMENT MANAGER	37.50	Highest	$0	$4,473	$152,327

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$349,189	$154,161	$2,081,634	$195,028
2023	$48,315	$154,161	$2,081,634	$-105,846
2022	$625,113	$131,057	$1,845,190	$494,056
2021	$1,014,813	$120,399	$1,489,414	$894,414
2020	$91,759	$577,299	$393,868	$-485,540
2019	$143,886	$100,048	$795,196	$43,838
2018	$66,898	$101,534	$727,399	$-34,636

CENTER SOUTH HOUSING DEVELOPMENT CORPORATION