PROVIDENCE COMMUNITY HOUSING (EIN 204627275) - 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

2006

Legal Domicile

Phone

5048217222

Tax Period

2024-01-01 to 2024-12-31

PROVIDENCE COMMUNITY HOUSING, founded in 2006, is a community nonprofit in the Housing & Shelter sector that reported $2.9M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $2.6M left a modest 9% surplus.

Mission

The Corporations mission is to transform lives and communities through the development and preservation of affordable homes while connecting individuals and families to opportunities that enhance their quality of life.

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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 $2,098,718

Program Service Revenue $916,469

Investment Income $-133,063

Other Revenue $0

TOTAL REVENUE $2,882,124

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,357,752

Fundraising Expenses $73,772

Program Expenses $2,064,651

Other Expenses $1,258,475

TOTAL EXPENSES $2,616,227

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,882,124	$2,463,446	+0.2%
Expenses	$2,616,227	$2,673,762	0.0%
Net Income	$265,897	$-210,316	-2.3%

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

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

$542,595

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRI NORTH	President & CEO	40.00	Officer	$221,171	$5,828	$226,999
EDWARD COMER	VP PROPERTY OPERATIONS	40.00		$191,780	$9,773	$201,553
LISA SAMMONS	TREASURER/CFO	40.00	Officer	$132,731	$28,110	$160,841
RYAN HERRINGSHAW	Secretary/COO	40.00	Officer	$145,427	$9,328	$154,755
EMILY MAY	Dir RE Development	40.00		$100,680	$10,059	$110,739
BRIAN LAWLOR	Director	1.00	Director	$0	$0	$0
TREVOR MOSBY	Director	1.00	Director	$0	$0	$0
ROBERT MUNCH	Board Chair	1.00	Officer Director	$0	$0	$0
TONY FACIANE	Director	1.00	Director	$0	$0	$0
ELIZABETH HERRON	Director	1.00	Director	$0	$0	$0
BROWN MARKS	Past Chair	1.00	Director	$0	$0	$0
CHRISTINE CERNIGLIA	Director	1.00	Director	$0	$0	$0
LUCY DEVANEY	Director	1.00	Director	$0	$0	$0
LARRY SCHEDLER	Real Est Chair	1.00	Director	$0	$0	$0
BRIGID COLLINS	Vice Chair	1.00	Officer Director	$0	$0	$0
SR ALICIA COSTA	Director	1.00	Director	$0	$0	$0
TERRELL HAYNES	Director	1.00	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	$2,882,124	$2,616,227	$23,424,109	$265,897
2023	$2,463,446	$2,673,762	$17,372,433	$-210,316
2022	$2,635,399	$3,553,854	$22,812,839	$-918,455
2021	$3,788,741	$4,074,213	$22,768,884	$-285,472
2020	$3,687,505	$2,766,045	$22,914,000	$921,460
2020	$3,687,505	$2,766,045	$22,914,000	$921,460
2019	$2,449,512	$3,159,481	$21,872,365	$-709,969
2018	$4,329,067	$2,478,567	$22,462,780	$1,850,500

PROVIDENCE COMMUNITY HOUSING