ALLIES & ROSS MANAGEMENT AND DEVEL… - Form 990 Financial Data

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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

2007

Legal Domicile

Principal Officer

BERNIE MCGINLEY

Phone

4124565022

Tax Period

2023-01-01 to 2023-12-31

ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION, founded in 2007, is a community nonprofit in the Housing & Shelter sector that reported $8.5M in total revenue in fiscal year 2023. Revenue fell 74% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.8M, a strong 33% operating margin.

Mission

TO PROVIDE HOUSING OPPORTUNITIES AND HOUSING RELATED ACTIVITIES BY PARTICIPATING IN MIXED FINANCE TRANSACTIONS WITH THE HOUSING AUTHORITY OF THE CITY OF PITTSBURGH

Program Service Accomplishments

Program 1

Expenses: $5,428,816 Revenue: $2,428,516

ALLIES AND ROSS WAS CREATED BY THE HOUSING AUTHORITY OF THE CITY OF PITTSBURGH (HACP) TO PARTICIPATE IN AND/OR DEVELOP MIXED FINANCING TRANSACTIONS, BY RECEIVING GRANTS FROM THE HACP, AND IN TURN...

ALLIES AND ROSS WAS CREATED BY THE HOUSING AUTHORITY OF THE CITY OF PITTSBURGH (HACP) TO PARTICIPATE IN AND/OR DEVELOP MIXED FINANCING TRANSACTIONS, BY RECEIVING GRANTS FROM THE HACP, AND IN TURN PROVIDE SHORT AND LONG TERM LOANS TO LIMITED PARTNERSHIPS FOR THE CREATION OF LOW-INCOME HOUSING UNITS. ALLIES AND ROSS WAS ALSO CREATED FOR THE PURPOSE OF FURTHERING HACP'S PURPOSE OF PROVIDING SAFE, DECENT, AND AFFORDABLE HOUSING WITHIN THE CITY OF PITTSBURGH.

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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 $0

Program Service Revenue $2,428,516

Investment Income $6,037,812

Other Revenue $0

TOTAL REVENUE $8,466,328

Expense Breakdown

Grants Paid $0

Salaries & Benefits $153,412

Fundraising Expenses $0

Program Expenses $5,428,816

Other Expenses $5,511,518

TOTAL EXPENSES $5,664,930

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,466,328	$32,323,067	-0.7%
Expenses	$5,664,930	$5,520,325	+0.0%
Net Income	$2,801,398	$26,802,742	-0.9%

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

$575,476

Total Directors

$746,965

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY SHAFFER	SECRETARY	0.50	Officer Director	$0	$15,748	$76,954
CASTER BINION	PRESIDENT AND CEO	0.50	Officer Director	$0	$42,582	$302,921
VALERIE MCDONALD ROBERTS	CHAIR	0.50	Officer Director	$0	$0	$0
MARSHA GRAYSON	DIRECTOR	0.50	Director	$0	$13,318	$171,489
BERNIE MCGINLEY	TREASURER	0.50	Officer Director	$0	$42,215	$195,601
MAJESTIC LANE	DIRECTOR	0.50	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	No data	No data	No data	No data
2023	$8,466,328	$5,664,930	$286,589,603	$2,801,398
2022	$32,323,067	$5,520,325	$281,674,353	$26,802,742
2021	$26,193,210	$6,554,468	$255,249,004	$19,638,742
2020	$20,561,178	$12,377,512	$233,234,427	$8,183,666
2019	$48,999,219	$13,788,005	$217,875,964	$35,211,214
2018	$43,335,610	$10,124,406	$183,886,607	$33,211,204

ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION