PARKWAY COMMONS HOUSING DEVELOPMENT FUND CO INC (EIN 223130818) - 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

1993

Legal Domicile

Principal Officer

DR RICHARD DAVIS

Phone

5859221595

Tax Period

2024-01-01 to 2024-12-31

PARKWAY COMMONS HOUSING DEVELOPMENT FUND CO INC, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $333K in total revenue in fiscal year 2024. Expenses of $456K exceeded revenue, resulting in a 37% operating deficit.

Mission

PARKWAY COMMONS IS A LOW INCOME HOUSING PROJECT WITH 55 APARTMENTS FOR ELDERLY/HANDICAPPED PERSONS PURSUANT TO ARTICLE XI OF THE PRIVATE HOUSING FINANCE LAW SECTION 202 OF THE NOT-FOR-PROFIT CORPORATE LAW.

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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 $310,435

Investment Income $8,056

Other Revenue $14,475

TOTAL REVENUE $332,966

Expense Breakdown

Grants Paid $0

Salaries & Benefits $101,326

Fundraising Expenses $0

Program Expenses $392,928

Other Expenses $354,222

TOTAL EXPENSES $455,548

Year-over-Year Comparison

	2024	2023	Change
Revenue	$332,966	$342,498	0.0%
Expenses	$455,548	$447,706	+0.0%
Net Income	$-122,582	$-105,208	+0.2%

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

$8,280,427

Total Directors

$4,013,008

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID RIEDMAN	CHAIR OF THE BOARD	1.00	Officer Director	$0	$0	$0
ANNA LYNCH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
EFRAIN RIVERA	TREASURER	1.00	Officer Director	$0	$0	$0
JUSTIN SMITH	SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD DAVIS PHD	CEO	0.00	Officer Director	$0	$62,774	$4,013,008
THOMAS CRILLY	CFO	0.00	Officer	$0	$84,624	$1,716,134
CHRISTIAN CASINI	ASSISTANT SECRETARY	0.00	Officer	$0	$34,369	$419,490
CHARLES WHIPPLE	CAO	0.00	Officer	$0	$6,011	$583,406
JENNIFER ESLINGER	COO	0.00	Officer	$0	$40,526	$1,548,389
HUGH THOMAS	FORMER CAO	0.00		$0	$0	$1,082,559

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	$332,966	$455,548	$1,270,404	$-122,582
2023	$342,498	$447,706	$1,364,830	$-105,208
2022	$332,984	$383,178	$1,574,991	$-50,194
2021	$356,842	$380,419	$1,504,419	$-23,577
2020	$354,564	$354,961	$1,467,806	$-397
2019	$365,319	$381,993	$1,484,986	$-16,674
2018	$344,204	$360,642	$1,494,719	$-16,438

PARKWAY COMMONS HOUSING DEVELOPMENT FUND CO INC