PROJECT HOSPITALITY 385 HOUSING DE… - Form 990 Financial Data

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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

2000

Legal Domicile

Principal Officer

LUIS PICO

Phone

7184481544

Tax Period

2022-07-01 to 2023-06-30

PROJECT HOSPITALITY 385 HOUSING DEVELOPMENT FUND CORPORATION, founded in 2000, is a community nonprofit in the Housing & Shelter sector that reported $1.7M in total revenue in fiscal year 2022.

Mission

TO PROVIDE MEDICAL CARE, FOOD AND NUTRITION SERVICES AND HOUSING PLACEMENT FOR HOMELESS PERSONS.

Program Service Accomplishments

Program 1

Expenses: $1,558,162

TO PROVIDE COMPREHENSIVE MEDICAL CARE, PSYCHIATRIC CARE, CASE MANAGEMENT SERVICES, FOOD AND NUTRITION SERVICES, AND HOUSING PLACEMENT ASSISTANCE FOR CHRONICALLY HOMELESS PERSONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,700,093

Program Service Revenue $0

Investment Income $90

Other Revenue $75

TOTAL REVENUE $1,700,258

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,052,005

Fundraising Expenses $0

Program Expenses $1,558,162

Other Expenses $640,391

TOTAL EXPENSES $1,692,396

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,700,258	$1,700,167	+0.0%
Expenses	$1,692,396	$1,670,354	+0.0%
Net Income	$7,862	$29,813	-0.7%

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

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

$413,840

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jo Reyes	CFO	1.0	Officer	$0	$21,807	$227,591
Terry Troia	CEO	1.0	Officer	$0	$23,171	$186,249
Ayo Odeyale	Deputy Chief Program Director	3.0	Highest	$9,641	$32,636	$170,356
Timothy C Harrison Esq	First Vice Chair	1.0	Officer Director	$0	$0	$0
Janet H Jones	Chair	1.0	Officer Director	$0	$0	$0
Aurelia Curtis	Secretary	1.0	Officer Director	$0	$0	$0
Peter Tesoriero	Treasurer	1.0	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,700,258	$1,692,396	$4,182,430	$7,862
2022	$1,700,167	$1,670,354	$3,893,401	$29,813
2021	$1,686,316	$1,680,350	$3,776,902	$5,966
2020	$1,705,075	$1,765,167	$3,827,871	$-60,092
2019	$1,678,676	$1,630,725	$3,801,380	$47,951
2018	$1,577,425	$1,585,556	$3,791,762	$-8,131

PROJECT HOSPITALITY 385 HOUSING DEVELOPMENT FUND CORPORATION