OVERMONT CORPORATION

EIN: 231922689 501(c)(3) Housing & Shelter

PHILADELPHIA, PA

Total Revenue
$2,237,351
Total Expenses
$4,772,285
Total Assets
$39,985,664
Net Assets
$3,060,722
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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
1965
Legal Domicile
PA
Principal Officer
PETER DOULIS
Phone
2158716901
Tax Period
2022-07-01 to 2023-06-30

OVERMONT CORPORATION, founded in 1965, is a community nonprofit in the Housing & Shelter sector that reported $2.2M in total revenue in fiscal year 2022. Revenue surged 84% from the prior year, signaling strong growth momentum. Expenses of $4.8M exceeded revenue, resulting in a 113% operating deficit.

Mission

OVERMONT OWNS AN APARTMENT BUILDING THAT PROVIDES HOUSING PRIMARILY TO PCOM STUDENTS.

Program Service Accomplishments

Program 1
Expenses: $3,370,071 Revenue: $2,221,612

OVERMONT OWNS AN APARTMENT BUILDING THAT IS REFERRED TO AS THE META CHRISTY HOUSE (MCH). THE BUILDING IS PRIMARILY RENTED TO PCOM STUDENTS. PCOM OPERATES MCH.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,221,612
Investment Income $1,852
Other Revenue $13,887
TOTAL REVENUE $2,237,351

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,370,071
Other Expenses $4,772,285
TOTAL EXPENSES $4,772,285

Year-over-Year Comparison

2022 2021 Change
Revenue $2,237,351 $1,214,645 +0.8%
Expenses $4,772,285 $4,583,964 +0.0%
Net Income $-2,534,934 $-3,369,319 -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

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Governance

Voting Members
3
Independent Members
N/A
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
3
$2,055,851
Total Directors
3
$2,055,851
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENNETH J VEIT DO PRESIDENT 1.00
Officer Director
$0 $63,130 $854,899
PETER DOULIS CPA EXECUTIVE VP AND CFO 1.00
Officer Director
$0 $75,638 $677,458
DAVID F SIMON SECRETARY 1.00
Officer Director
$0 $65,107 $523,494
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $2,237,351 $4,772,285 $39,985,664 $-2,534,934
2022 $1,214,645 $4,583,964 $42,281,372 $-3,369,319
2021 $56,199 $2,143,603 $44,098,466 $-2,087,404
2020 $222,321 $1,429,036 $37,520,060 $-1,206,715
2019 $316,258 $1,787,390 $36,794,037 $-1,471,132
2018 $100,692 $1,175,364 $3,349,321 $-1,074,672
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