FRANKLIN PARK DEVELOPMENT TENANT ASSOCIATION INC (EIN 043265319) - 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

1994

Legal Domicile

Principal Officer

PATRICIA MAYO

Phone

6174275339

Tax Period

2024-07-01 to 2025-06-30

FRANKLIN PARK DEVELOPMENT TENANT ASSOCIATION INC, founded in 1994, is a micro nonprofit in the Housing & Shelter sector that reported $1.8M in total revenue in fiscal year 2024.

Mission

TO PROVIDE SUPPORT SERVICES AND RELATED COMMUNITY BASED HOUSING PROGRAMS TO LOW AND MODERATE INCOME RESIDENTS AND TO PROVIDE RELIEF FOR THE POOR.

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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 $-1,918,239

Investment Income $84,320

Other Revenue $0

TOTAL REVENUE $-1,833,919

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $781,957

Other Expenses $806,957

TOTAL EXPENSES $856,957

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-1,833,919	$-1,859,206	0.0%
Expenses	$856,957	$662,695	+0.3%
Net Income	$-2,690,876	$-2,521,901	+0.1%

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

$85,674

Total Directors

$85,674

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUANITA PITTS	VICE PRESIDENT	5.00	Officer Director	$40,770	$0	$40,770
PATRICIA MAYO	PRESIDENT	5.00	Officer Director	$41,904	$0	$41,904
SADYAH DAMBREVILLE	TREASURER	5.00	Officer Director	$3,000	$0	$3,000
SONJA RUE	CLERK	1.00	Officer Director	$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
2025	$-1,833,919	$856,957	$7,735,581	$-2,690,876
2024	$-1,859,206	$662,695	$10,280,468	$-2,521,901
2023	$1,324,998	$710,941	$12,798,237	$614,057
2022	$1,783,439	$409,081	$12,181,170	$1,374,358
2021	$257,774	$210,109	$10,890,350	$47,665
2020	$1,354,959	$229,715	$10,859,628	$1,125,244
2019	$2,147,745	$271,849	$9,683,330	$1,875,896

FRANKLIN PARK DEVELOPMENT TENANT ASSOCIATION INC