Patchen Avenue Cluster Housing Development Corp (EIN 202911456) - 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

2004

Legal Domicile

Principal Officer

Willie Wren

Phone

7183632750

Tax Period

2024-01-01 to 2024-12-31

Patchen Avenue Cluster Housing Development Corp, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $225K in total revenue in fiscal year 2024. Expenses of $373K exceeded revenue, resulting in a 66% operating deficit.

Mission

Provide low cost housing on a non-profit basis to qualified individuals

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $221,914

Investment Income $2,891

Other Revenue $0

TOTAL REVENUE $224,805

Expense Breakdown

Grants Paid $0

Salaries & Benefits $39,824

Fundraising Expenses $0

Program Expenses $355,883

Other Expenses $333,656

TOTAL EXPENSES $373,480

Year-over-Year Comparison

	2024	2023	Change
Revenue	$224,805	$222,975	+0.0%
Expenses	$373,480	$266,824	+0.4%
Net Income	$-148,675	$-43,849	+2.4%

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

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
Maria Gooding	Member	001.00	Director	$0	$0	$0
Catherine Coleman	Member	001.00	Director	$0	$0	$0
Annie Coleman	Member	001.00	Director	$0	$0	$0
Bill Wren	Member	001.00	Director	$0	$0	$0
Willie Wren Sr	President	005.00	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
2025	No data	No data	No data	No data
2024	$224,805	$373,480	$1,736,315	$-148,675
2023	$222,975	$266,824	$1,911,714	$-43,849
2022	$210,408	$291,494	$1,980,226	$-81,086
2021	$211,999	$266,341	$2,089,638	$-54,342
2020	$223,654	$235,885	$2,170,025	$-12,231
2019	$215,540	$253,275	$2,206,405	$-37,735
2018	$217,275	$237,631	$2,268,124	$-20,356

Patchen Avenue Cluster Housing Development Corp