PEACE DALE UNITED CHURCH HOUSING INC

EIN: 050379462 501(c)(3)

PEACE DALE, RI

Total Revenue
$1,874,249
Total Expenses
$1,544,405
Total Assets
$3,428,489
Net Assets
$1,017,624
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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
1977
Legal Domicile
RI
Principal Officer
LINDA REDMOND
Phone
4047895359
Tax Period
2024-07-01 to 2025-06-30

PEACE DALE UNITED CHURCH HOUSING INC, founded in 1977, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. The organization ran a surplus of $330K, a strong 18% operating margin.

Mission

HOUSING FOR LOW AND MODERATE INCOME PERSONS UNDER SECTIONS 8 AND223(F) OF THE NATIONAL HOUSING ACT AS ADMINISTERED BY HUD

Program Service Accomplishments

Program 1
Expenses: $1,544,405 Revenue: $1,874,244

COSTS INCURRED IN CONNECTION WITH THE PROVISION OF 99 UNITS OF HOUSINGTO THE LOW INCOME TENANTS UNDER HUD INSURED MORTGAGE

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,864,244
Investment Income $971
Other Revenue $9,034
TOTAL REVENUE $1,874,249

Expense Breakdown

Grants Paid $0
Salaries & Benefits $539,156
Fundraising Expenses $0
Program Expenses $1,544,405
Other Expenses $1,005,249
TOTAL EXPENSES $1,544,405

Year-over-Year Comparison

2024 2023 Change
Revenue $1,874,249 $1,836,830 +0.0%
Expenses $1,544,405 $1,511,649 +0.0%
Net Income $329,844 $325,181 +0.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
11
Employees
5
Volunteers
11

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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDA REDMOND President 1.00
Officer Director
$0 $0 $0
MARY LOUSE MCMILLAN Secretary 1.00
Officer Director
$0 $0 $0
JUDITH HEALY Director 1.00
Director
$0 $0 $0
CAROL ANN HAYES Treasurer 1.00
Officer Director
$0 $0 $0
JAMES BALNAVES Director 1.00
Director
$0 $0 $0
CAROL VETTER Director 1.00
Officer Director
$0 $0 $0
CAROL EDWARDS Director 1.00
Director
$0 $0 $0
HEATHER ETTER Director 1.00
Director
$0 $0 $0
SUSAN DIMON Director 1.00
Director
$0 $0 $0
DAVID WORTHEN Director 1.00
Director
$0 $0 $0
Cynthia J Casten Exectuvite Diretor 0.00
$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 $1,874,249 $1,544,405 $3,428,489 $329,844
2024 $1,836,830 $1,511,649 $3,201,420 $325,181
2023 $1,753,156 $1,429,740 $3,041,214 $323,416
2022 $1,743,718 $1,513,986 $3,079,541 $229,732
2021 $1,684,373 $1,578,333 $2,909,310 $106,040
2020 $1,634,856 $1,337,230 $2,652,329 $297,626
2019 $1,649,250 $1,377,885 $2,502,690 $271,365
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