PARKSIDE BUSINESS & COMMUNITY IN P… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

BRIDGET PHIFER

Phone

8569640440

Tax Period

2024-01-01 to 2024-12-31

PARKSIDE BUSINESS & COMMUNITY IN PARTNERSHIP INC, founded in 1993, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $1.4M left a modest 9% surplus.

Mission

AFFORDABLE HOUSING/COMMUNITY DEVELOPMENT

Program Service Accomplishments

Program 1

Expenses: $1,162,242 Revenue: $1,213,521

REHABILITATION OF EXISTING HOUSING FOR LOW AND MODERATE INCOME FAMILIES, DEVELOPMENT OF LOCAL COMMERCIAL ENTERPRISES, CREATION OF JOB OPPORTUNITIES FOR CITY OF CAMDEN RESIDENTS AND PROVIDE SUPPORT...

REHABILITATION OF EXISTING HOUSING FOR LOW AND MODERATE INCOME FAMILIES, DEVELOPMENT OF LOCAL COMMERCIAL ENTERPRISES, CREATION OF JOB OPPORTUNITIES FOR CITY OF CAMDEN RESIDENTS AND PROVIDE SUPPORT AND LEADERSHIP IN THE FIGHT AGAINST DRUGS IN THE COMMUNITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,479,665

Program Service Revenue $0

Investment Income $0

Other Revenue $24,240

TOTAL REVENUE $1,503,905

Expense Breakdown

Grants Paid $0

Salaries & Benefits $469,568

Fundraising Expenses $80,985

Program Expenses $1,162,242

Other Expenses $899,171

TOTAL EXPENSES $1,368,739

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,503,905	$2,323,551	-0.4%
Expenses	$1,368,739	$1,389,734	0.0%
Net Income	$135,166	$933,817	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

425

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

$128,234

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OSCAR SPENCER	CHAIRPERSON	5.00	Officer Director	$0	$0	$0
TASHA HUMPHREY	VICE-CHAIRPE	5.00	Officer Director	$0	$0	$0
NAOMI SCOTT	TREASURER	5.00	Officer Director	$0	$0	$0
RYAN CHEW	SECRETARY	5.00	Officer Director	$0	$0	$0
DEBRA MORAN	PARLIAMENTAR	5.00	Officer Director	$0	$0	$0
KATHRYN MATHIS	TRUSTEE	5.00	Director	$0	$0	$0
AARON SPENCER	TRUSTEE	5.00	Director	$0	$0	$0
YANIECE SPENCER	TRUSTEE	5.00	Director	$0	$0	$0
ED VENABLE	TRUSTEE	5.00	Director	$0	$0	$0
NYEEMA WATSON	ASSOCIATE TR	5.00	Director	$0	$0	$0
BRIDGET PHIFER	EXECUTIVE DI	40.00	Officer	$128,234	$0	$128,234

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	$1,503,905	$1,368,739	$5,624,851	$135,166
2023	$2,323,551	$1,389,734	$8,424,015	$933,817
2022	$921,424	$1,111,022	$3,665,556	$-189,598
2021	$903,627	$904,893	$3,148,061	$-1,266
2020	$1,022,497	$984,435	$2,765,931	$38,062
2019	$848,507	$767,828	$2,600,345	$80,679
2018	$1,238,624	$761,658	$2,269,387	$476,966

PARKSIDE BUSINESS & COMMUNITY IN PARTNERSHIP INC