PALISADES EMERGENCY RESIDENCE CORP (EIN 222985600) - 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

1981

Legal Domicile

Principal Officer

CAROL MORI

Phone

2013488150

Tax Period

2024-01-01 to 2024-12-31

PALISADES EMERGENCY RESIDENCE CORP, founded in 1981, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024.

Mission

TO PROVIDE TEMPORARY HOUSING AND MEALS FOR HOMELESS PEOPLE ALONG WITH OUTREACH AND LITERACY PROGRAMS.

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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 $426,329

Program Service Revenue $980,405

Investment Income $0

Other Revenue $81,123

TOTAL REVENUE $1,487,857

Expense Breakdown

Grants Paid $0

Salaries & Benefits $744,741

Fundraising Expenses $0

Program Expenses $1,512,912

Other Expenses $800,681

TOTAL EXPENSES $1,545,422

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,487,857	$1,403,045	+0.1%
Expenses	$1,545,422	$1,642,848	-0.1%
Net Income	$-57,565	$-239,803	-0.8%

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

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
GIOVANNI AHMAD	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD P BLAS	DIRECTOR	1.00	Director	$0	$0	$0
PETER VAN BRUNT	PRESIDENT	2.00	Officer Director	$0	$0	$0
CAROL DEJESUS	V. PRES. / S	1.00	Officer Director	$0	$0	$0
THOMAS M VENINO JR ESQ	DIRECTOR	1.00	Director	$0	$0	$0
CAROL HARRISON-ARNOLD	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM CARPENTER JR	V. PRES. / T	1.00	Officer Director	$0	$0	$0
SANDRA LOVELY	DIRECTOR	1.00	Director	$0	$0	$0
ALLE RIES	DIRECTOR	1.00	Director	$0	$0	$0
CALVIN WATSON	DIRECTOR	1.00	Director	$0	$0	$0
GREG WHITE	DIRECTOR	1.00	Director	$0	$0	$0
ROGER E WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN MILAN	PROGRAM DIRE	1.00	Officer	$0	$0	$0
CAROL MORI	EXECUTIVE DI	1.00	Officer	$0	$0	$0
JOHN RESTREPO	PROGRAM DIRE	1.00	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	$1,487,857	$1,545,422	$2,834,985	$-57,565
2023	$1,403,045	$1,642,848	$3,119,832	$-239,803
2022	$1,354,043	$1,337,318	$3,178,633	$16,725
2021	$1,321,738	$1,112,513	$2,958,076	$209,225
2020	$1,368,720	$1,239,530	$2,173,402	$129,190
2019	$1,344,356	$1,240,071	$2,147,089	$104,285
2018	$964,624	$996,431	$1,998,893	$-31,807

PALISADES EMERGENCY RESIDENCE CORP