PUNTA GORDA DEVELOPMENT CORPORATION

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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

2025

Legal Domicile

Principal Officer

Kurt Pentelecuc

Phone

9416394344

Tax Period

2025-01-01 to 2025-12-31

PUNTA GORDA DEVELOPMENT CORPORATION, founded in 2025, is a small nonprofit in the Housing & Shelter sector that reported $125K in total revenue in fiscal year 2025. Net assets of $608K represent 58 months of operating reserves.

Mission

To provide and develop affordable housing opportunities for and to engage in or assist in the development or operation of affordable housing for persons of low and moderate income, including families, elderly, and/or handicapped persons primarily located in, but not limited to, Punta Gorda, Florida and also developments in the surrounding areas.

Program Service Accomplishments

Program 1

Expenses: $33,512 Revenue: $33,512

The units are and will be rented to low income families of the area. Maintenance or unit turn around, cleaning, painting, landscaping, HVAC, pest control etc., are all costs that are needed to...

The units are and will be rented to low income families of the area. Maintenance or unit turn around, cleaning, painting, landscaping, HVAC, pest control etc., are all costs that are needed to prepare the units for occupancy.

Program 2

Expenses: $37,788 Revenue: $37,788

Maintenance materials and utilities are needed for the upkeep on the affordable units. Insurance on the units is required and needed in case of a disaster.

Program 3

Expenses: $38,089 Revenue: $38,089

Depreciation Expense is from the affordable housing units.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $125,459

TOTAL REVENUE $125,459

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $109,389

Other Expenses $131,075

TOTAL EXPENSES $131,075

Year-over-Year Comparison

	2025	2024	Change
Revenue	$125,459	$121,871	+0.0%
Expenses	$131,075	$150,988	-0.1%
Net Income	$-5,616	$-29,117	-0.8%

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

N/A

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kurt Pentelecuc	Secretary	10	Officer	$0	$0	$0
Della Booth	Chair	10	Officer	$0	$0	$0
Sheila Dabney	Commissioner	2	Officer	$0	$0	$0
Sherri Washington	Commissioner	2	Officer	$0	$0	$0
Jacqueline Benjamin	Commissioner	2	Officer	$0	$0	$0
Nicholas Worden	Commissioner	2	Officer	$0	$0	$0
Alexia Martin	Commissioner	2	Officer	$0	$0	$0
Kevin Shaw	Vice Chair	2	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
2025	$125,459	$131,075	$618,103	$-5,616
2024	$121,871	$150,988	$622,319	$-29,117
2023	$270,292	$186,864	$652,535	$83,428
2022	$94,198	$99,469	$568,907	$-5,271
2021	$151,784	$144,596	$570,025	$7,188