PARK AVENUE THORPE HOUSING DEVELOPMENT FUND CORPORATION (EIN 133830057) - 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

1996

Legal Domicile

Principal Officer

RACHEL LEVINE

Phone

2127771010

Tax Period

2023-07-01 to 2024-06-30

PARK AVENUE THORPE HOUSING DEVELOPMENT FUND CORPORATION, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $296K in total revenue in fiscal year 2023. Expenses of $404K exceeded revenue, resulting in a 36% operating deficit.

Mission

OPERATING A SUPPORTIVE HOUSING PROJECT FOR LOW INCOME RESIDENTS.

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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 $152,005

Program Service Revenue $144,177

Investment Income $243

Other Revenue $0

TOTAL REVENUE $296,425

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $267,354

Other Expenses $403,556

TOTAL EXPENSES $403,556

Year-over-Year Comparison

	2023	2022	Change
Revenue	$296,425	$287,925	+0.0%
Expenses	$403,556	$441,595	-0.1%
Net Income	$-107,131	$-153,670	-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

$281,380

Total Directors

$198,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RACHEL LEVINE	EXECUTIVE DIRECTOR	3.00	Officer Director	$0	$2,500	$198,250
MARY BETH HOGAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
BENNETTE KRAMER	SECRETARY	1.00	Officer Director	$0	$0	$0
MARY-KAY ORR	DIRECTOR	1.00	Director	$0	$0	$0
STEVE WRONSKI	DIRECTOR	1.00	Director	$0	$0	$0
SIBYL-MICHELLE AKINS	CONTROLLER THRU	3.00	Officer	$0	$8,043	$83,130

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	$296,425	$403,556	$855,971	$-107,131
2023	$287,925	$441,595	$955,273	$-153,670
2022	$272,401	$473,715	$1,004,085	$-201,314
2021	$273,026	$380,577	$1,169,257	$-107,551
2020	$307,087	$391,606	$1,316,030	$-84,519
2019	$281,067	$335,908	$1,400,023	$-54,841
2018	$305,244	$345,970	$1,407,938	$-40,726

PARK AVENUE THORPE HOUSING DEVELOPMENT FUND CORPORATION