TURNING POINT HOUSING DEVELOPMENT CORPORATION (EIN 112837985) - 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

1987

Legal Domicile

Principal Officer

FRANK LEI

Phone

7183185605

Tax Period

2023-07-01 to 2024-06-30

TURNING POINT HOUSING DEVELOPMENT CORPORATION, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year.

Mission

TO PROVIDE A 39-BED TRANSITIONAL HOUSING FACILITY FOR FEMALE YOUNG ADULTS AGED 18 TO 25 (AVAILABLE BY REFERRAL ONLY) AND TO PROVIDE FOOD, A RANGE OF COUNSELING SERVICES, AND REFERRALS TO PERMANENT HOUSING PLACEMENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,270,477

Investment Income $0

Other Revenue $204,905

TOTAL REVENUE $1,475,382

Expense Breakdown

Grants Paid $0

Salaries & Benefits $592,921

Fundraising Expenses $0

Program Expenses $1,316,899

Other Expenses $938,684

TOTAL EXPENSES $1,531,605

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,475,382	$1,742,153	-0.2%
Expenses	$1,531,605	$1,800,733	-0.1%
Net Income	$-56,223	$-58,580	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

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

N/A

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

$501,254

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KISHOR MALAVADE	CHAIR	0.30	Officer Director	$0	$0	$0
SHAWN AUSTIN	DIRECTOR	0.30	Director	$0	$0	$0
IRENE VAN SLYKE	DIRECTOR	0.30	Director	$0	$0	$0
N/A	SOLE VOTING MEMBER	5.00		$0	$0	$0
JANELLE FARRIS	EXECUTIVE DIRECTOR	5.00	Officer	$0	$16,751	$304,247
DMITRIY GOYZMAN	CFO (FORMER)	5.00	Officer	$0	$12,507	$197,007
FRANK LEI	CFO (CURRENT)	5.00	Officer	$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
2024	No data	No data	No data	No data
2024	$1,475,382	$1,531,605	$1,030,257	$-56,223
2023	$1,742,153	$1,800,733	$2,051,260	$-58,580
2022	$1,603,576	$1,570,745	$891,609	$32,831
2021	$1,703,302	$1,677,416	$672,258	$25,886
2020	$1,637,072	$1,741,054	$715,320	$-103,982
2019	$1,502,850	$1,686,912	$404,037	$-184,062
2018	$1,416,698	$1,594,250	$243,529	$-177,552

TURNING POINT HOUSING DEVELOPMENT CORPORATION