Paragon Residential Solutions Corporation (EIN 204510522) - 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

2005

Legal Domicile

Phone

3303691533

Tax Period

2024-01-01 to 2024-12-31

Paragon Residential Solutions Corporation, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $258K in total revenue in fiscal year 2024. Revenue surged 111% from the prior year, signaling strong growth momentum. The organization ran a surplus of $176K, a strong 68% operating margin.

Mission

Provide management and technical services for programs that include the rehabilitation and new construction of affordable housing and provide readiness assessment.

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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 $0

Investment Income $4

Other Revenue $257,815

TOTAL REVENUE $257,819

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,429

Fundraising Expenses $0

Program Expenses $14,429

Other Expenses $67,712

TOTAL EXPENSES $82,141

Year-over-Year Comparison

	2024	2023	Change
Revenue	$257,819	$122,079	+1.1%
Expenses	$82,141	$93,798	-0.1%
Net Income	$175,678	$28,281	+5.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ronda L Bonekovic	President	0.04	Officer Director	$0	$0	$0
Robert H Kempe	Vice-President	0.04	Officer Director	$0	$0	$0
Anthony C Perrone	Secretary	0.04	Officer Director	$0	$0	$0
William J Turner	Treasurer	0.04	Officer Director	$0	$0	$0
Steven T Arnold	Member	0.04	Director	$0	$0	$0
Porscha Bell	Member	0.04	Director	$0	$0	$0
Gloria J Gray	Member	0.04	Director	$0	$0	$0
Doreen Edgerson	Member	0.04	Director	$0	$0	$0
Virginia L Holmes	Member	0.04	Director	$0	$0	$0
Donald W Emerson Jr	Statutory Agent	0.04	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
2024	$257,819	$82,141	$477,776	$175,678
2023	$122,079	$93,798	$293,658	$28,281
2022	$124,965	$41,308	$277,097	$83,657
2021	$82,272	$265,555	$175,526	$-183,283
2020	$244,322	$29,552	$370,460	$214,770

Paragon Residential Solutions Corporation