OPPORTUNITIES FOR THE AGING HOUSIN… - 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

1987

Legal Domicile

Phone

6096468861

Tax Period

2018-01-01 to 2018-12-31

OPPORTUNITIES FOR THE AGING HOUSING CORP TA OPPORTUNITIES TOWER III, founded in 1987, is a small nonprofit that reported $947K in total revenue in fiscal year 2018.

Mission

OPPORTUNITIES FOR THE AGING HOUSING CORPORATION III (A COMMONWEALTH OF PENNSYLVANIA NOT FOR PROFIT CORPORATION) (THE "CORPORATION") WAS ORGANIZED TO OWN AND OPERATE A 60-UNIT APARTMENT COMMUNITY IN PHILADELPHIA, PENNSYLVANIA, KNOWN AS OPPORTUNITIES TOWER III (THE "COMMUNITY"), PURSUANT TO SECTION 207 PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT AS AMENDED. THE CORPORATION HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD.

Program Service Accomplishments

Program 1

Expenses: $1,007,128 Revenue: $218,247

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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 (2018)

Revenue Breakdown

Contributions & Grants $726,690

Program Service Revenue $218,247

Investment Income $31

Other Revenue $2,518

TOTAL REVENUE $947,486

Expense Breakdown

Grants Paid $0

Salaries & Benefits $221,125

Fundraising Expenses $0

Program Expenses $1,007,128

Other Expenses $786,003

TOTAL EXPENSES $1,007,128

Year-over-Year Comparison

	2018	2017	Change
Revenue	$947,486	$953,709	0.0%
Expenses	$1,007,128	$974,718	+0.0%
Net Income	$-59,642	$-21,009	+1.8%

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

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
RONALD J HARPER ESQUIRE	Chairman/Sec.	1.00	Officer Director	$0	$0	$0
THOMASENIA COTTON	Treasurer	1.00	Officer Director	$0	$0	$0
GARY BURGESS	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
2018	$947,486	$1,007,128	$2,152,664	$-59,642

OPPORTUNITIES FOR THE AGING HOUSING CORP TA OPPORTUNITIES TOWER III