PLAINSBORO NONPROFIT HOUSING CORPO… - 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

Principal Officer

BOBBIE SCHOTT

Phone

6097861101

Tax Period

2024-01-01 to 2024-12-31

PLAINSBORO NONPROFIT HOUSING CORPORATION, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $1.9M in total revenue in fiscal year 2024.

Mission

THE ORGANIZATION'S PURPOSE IS TO PROVIDE LOW AND MODERATE INCOME HOUSING IN PLAINSBORO TOWNSHIP.

Program Service Accomplishments

Program 1

Expenses: $1,746,081 Revenue: $1,915,185

THE PLAINSBORO NON-PROFIT HOUSING CORPORATION BUILT A 126 UNIT RENTAL COMPLEX WHICH 100% OF THE COMPLEX IS PROVIDED FOR LOW AND MODERATE INCOME RESIDENTS IN PLAINSBORO TOWNSHIP. IN ADDITION, THE...

THE PLAINSBORO NON-PROFIT HOUSING CORPORATION BUILT A 126 UNIT RENTAL COMPLEX WHICH 100% OF THE COMPLEX IS PROVIDED FOR LOW AND MODERATE INCOME RESIDENTS IN PLAINSBORO TOWNSHIP. IN ADDITION, THE CORPORATION MONITORS AFFORDABLE HOUSING AND CONSULTS FOR THE TOWNSHIP OF PLAINSBORO ON ISSUES RELATED TO AFFORDABLE HOUSING IN PLAINSBORO, NJ. IN 2012 THE TOWNSHIP OF PLAINSBORO TRANSFERRED FUNDS TO PLAINSBORO NONPROFIT HOUSING CORPORATION FOR THEADMINISTRATION OF GRANTS. THESE GRANTS ARE FOR THE INSTALLATION OF HIGH ENERGY EFFICIENT HVAC SYSTEMS AND HOT WATER TANKS IN AFFORDABLE HOMES; DOWN PAYMENT ASSISTANCE GRANTS TO PURCHASE AFFORDABLE HOMES; THE USE OF FUNDS TO MAINTAIN AFFORDABILITY RESTRICTIONS IF AN AFFORDABLE HOME IS BEING FORECLOSED UPON; AND FUNDING TO PURCHASE MARKET HOMES, REFURBISH AND RESELL THEM AS AFFORDABLE HOMES WITH RESTRICTIONS.

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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 $1,881,236

Investment Income $6,147

Other Revenue $33,949

TOTAL REVENUE $1,921,332

Expense Breakdown

Grants Paid $19,702

Salaries & Benefits $310,062

Fundraising Expenses $0

Program Expenses $1,746,081

Other Expenses $1,645,288

TOTAL EXPENSES $1,975,052

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,921,332	$1,861,409	+0.0%
Expenses	$1,975,052	$2,057,503	0.0%
Net Income	$-53,720	$-196,094	-0.7%

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

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
BOBBIE SCHOTT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN PIDGEON	SECRETARY	1.00	Officer Director	$0	$0	$0
KATHY VIGNAPIANO	MEMBER AT LARGE	1.00	Director	$0	$0	$0
ROBERT RUSCIANO	CHAIR	1.00	Officer Director	$0	$0	$0
THOMAS COLITSAS	TREASURER	1.00	Officer Director	$0	$0	$0
FRANK PIAZZA	EXECUTIVE DIRECTOR	20.00	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
2024	$1,921,332	$1,975,052	$7,409,452	$-53,720
2023	$1,861,409	$2,057,503	$7,183,339	$-196,094
2022	$1,679,954	$1,664,377	$7,522,674	$15,577
2021	$1,647,872	$1,570,444	$7,587,943	$77,428
2020	$1,651,201	$1,606,295	$7,608,498	$44,906
2019	$1,656,024	$1,592,930	$7,641,318	$63,094
2018	$1,591,339	$1,694,835	$7,732,498	$-103,496

PLAINSBORO NONPROFIT HOUSING CORPORATION