SUMMER STREET HOUSING PRESERVATION INC (EIN 223179723) - 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

1992

Legal Domicile

Principal Officer

ELISABETH SCHUH

Phone

2075966477

Tax Period

2024-01-01 to 2024-12-31

SUMMER STREET HOUSING PRESERVATION INC, founded in 1992, is a small nonprofit in the Human Services sector that reported $882K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $824K left a modest 7% surplus.

Mission

TO DEVELOP, OWN AND MANAGE RESIDENTIAL SUBSIDIZED HOUSING UNITS FOR QUALIFIED ELDERLY AND DISABLED INDIVIDUALS.

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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 $513,696

Program Service Revenue $311,397

Investment Income $14,467

Other Revenue $41,970

TOTAL REVENUE $881,530

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,867

Fundraising Expenses $0

Program Expenses $824,041

Other Expenses $786,174

TOTAL EXPENSES $824,041

Year-over-Year Comparison

	2024	2023	Change
Revenue	$881,530	$800,024	+0.1%
Expenses	$824,041	$780,047	+0.1%
Net Income	$57,489	$19,977	+1.9%

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

$98,206

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN PARENT	PRESIDENT	5.00	Director	$0	$0	$0
JANE STURGEON	TREASURER	5.00	Director	$0	$0	$0
SUSAN THOMAS	SECRETARY	5.00	Director	$0	$0	$0
ELISABETH SCHUH	EXECUTIVE DIRECTOR	5.00	Officer	$0	$0	$98,206

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	$881,530	$824,041	$1,966,577	$57,489
2023	$800,024	$780,047	$1,927,196	$19,977
2022	$762,279	$754,516	$1,950,115	$7,763
2021	$775,378	$739,579	$1,949,170	$35,799
2020	$722,518	$752,181	$1,946,878	$-29,663
2019	$749,148	$786,677	$1,998,706	$-37,529
2018	$748,191	$800,189	$2,056,384	$-51,998

SUMMER STREET HOUSING PRESERVATION INC