PAZ PROPERTIES INC (EIN 043206160) - 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

1993

Legal Domicile

Principal Officer

PHILIP GIFFEE

Phone

6175675882

Tax Period

2024-01-01 to 2024-12-31

PAZ PROPERTIES INC, founded in 1993, is a small nonprofit that reported $669K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

THE ORGANIZATION WAS FORMED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO REAL PROPERTY LOCATED IN EAST BOSTON AND TO COLLECT RENTAL INCOME FROM THE THE PROPERTY AND REMIT ALL INCOME LESS EXPENSES TO NEIGHBORHOOD OF AFFORDABLE HOUSING, INC., A 501(C)(3) PUBLIC CHARITY ORGANIZATION.

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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 $646,349

Investment Income $13,269

Other Revenue $9,384

TOTAL REVENUE $669,002

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $728,709

Other Expenses $728,709

TOTAL EXPENSES $728,709

Year-over-Year Comparison

	2024	2023	Change
Revenue	$669,002	$587,429	+0.1%
Expenses	$728,709	$674,353	+0.1%
Net Income	$-59,707	$-86,924	-0.3%

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

$340,101

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BRYANT	PRESIDENT	0.25	Officer Director	$0	$0	$0
CELSA MORENO-BARKER	VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
MEGAN REAGON	TREASURER	0.25	Officer Director	$0	$0	$0
ROBERT SCHMIDT	SECRETARY/ CLERK	0.25	Officer Director	$0	$0	$0
ANA ALONZO	BOARD MEMBER	0.25	Director	$0	$0	$0
MONICA BARRERA	BOARD MEMBER	0.25	Director	$0	$0	$0
NINA GAETA COLETTA	BOARD MEMBER	0.25	Director	$0	$0	$0
CATHERINE MCCANDLESS	BOARD MEMBER	0.25	Director	$0	$0	$0
DAVID VILLANEUVA	BOARD MEMBER	0.25	Director	$0	$0	$0
PHILIP GIFFEE	EXECUTIVE DIRECTOR	0.25	Officer	$0	$35,094	$206,760
VINNY QUALTIERI	DIRECTOR OF FINANCE & ADMIN	0.25	Officer	$0	$11,471	$133,341
LINDA MILLER-FOSTER	DIRECTOR OF ADMINISTRATION	0.25	Highest	$0	$13,157	$130,824

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	$669,002	$728,709	$3,272,848	$-59,707
2023	$587,429	$674,353	$3,336,633	$-86,924
2022	$547,044	$647,974	$3,420,126	$-100,930
2021	$572,708	$592,179	$3,520,146	$-19,471
2020	$521,152	$547,865	$3,522,266	$-26,713
2019	$535,810	$572,360	$3,564,219	$-36,550
2018	$521,347	$574,449	$3,583,958	$-53,102

PAZ PROPERTIES INC