PHILADELPHIA PRESBYTERY APARTMENTS… - Form 990 Financial Data

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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

1978

Legal Domicile

Principal Officer

JOHN H COCHRANE III

Phone

6108341001

Tax Period

2024-01-01 to 2024-12-31

PHILADELPHIA PRESBYTERY APARTMENTS INC, founded in 1978, is a small nonprofit in the Housing & Shelter sector that reported $879K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $635K, a strong 72% operating margin.

Mission

AT HUMANGOOD WE BELIEVE EVERYONE SHOULD HAVE THE OPPORTUNITY TO LIVE WITH ENTHUSIASM, CONFIDENCE AND SECURITY, REGARDLESS OF PHYSICAL, SOCIAL, OR ECONOMIC CIRCUMSTANCES. AND WHEN WE SAY EVERYONE, WE MEAN EVERYONE INCLUDING YOU.

Program Service Accomplishments

Program 1

Expenses: $244,555 Revenue: $879,322

LEASE OF A 150 UNIT AFFORDABLE HOUSING APARTMENT BUILDING FOR THE ELDERLY AND PHYSICALLY DISABLED, OFFERING SUPPORT SERVICES AND RECREATIONAL ACTIVITIES TO FACILITATE INCREASED SOCIALIZATION AND...

LEASE OF A 150 UNIT AFFORDABLE HOUSING APARTMENT BUILDING FOR THE ELDERLY AND PHYSICALLY DISABLED, OFFERING SUPPORT SERVICES AND RECREATIONAL ACTIVITIES TO FACILITATE INCREASED SOCIALIZATION AND ENRICHMENT FOR ALL RESIDENTS IN A POSITIVE AND WELCOMING ENVIRONMENT.

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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 $879,322

Investment Income $0

Other Revenue $0

TOTAL REVENUE $879,322

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $244,555

Other Expenses $244,555

TOTAL EXPENSES $244,555

Year-over-Year Comparison

	2024	2023	Change
Revenue	$879,322	$934,947	-0.1%
Expenses	$244,555	$844,191	-0.7%
Net Income	$634,767	$90,756	+6.0%

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

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

$4,748,269

Total Directors

$262,000

Key Employees

$1,474,806

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDALL STAMPER	CHAIR	0.20	Officer Director	$0	$0	$73,000
ALAN GRIFFITH	VICE CHAIR	0.10	Officer Director	$0	$0	$63,000
H DECLAN BROWN	SECRETARY	0.10	Officer Director	$0	$0	$63,000
REV MICHELLE HOLMES	BOARD MEMBER	0.10	Director	$0	$0	$63,000
REV RANDY L BARGE	BOARD MEMBER	0.10	Director	$0	$0	$0
HARRY G DITTMANN	BOARD MEMBER	0.10	Director	$0	$0	$0
KENNETH MCKEOWN	BOARD MEMBER	0.10	Director	$0	$0	$0
REV DR NANCY E MUTH	BOARD MEMBER	0.10	Director	$0	$0	$0
G ROBERT OVERHISER JR	BOARD MEMBER	0.10	Director	$0	$0	$0
WILLIAM G YOUNG SR	BOARD MEMBER (NON-VOTING)	0.10	Director	$0	$0	$0
JOHN H COCHRANE III	CHIEF EXECUTIVE OFFICER	0.50	Officer	$0	$292,739	$1,566,593
DANIEL OGUS	CHIEF OPERATING OFFICER	0.50	Officer	$0	$184,062	$1,147,903
ANDREW MCDONALD	CHIEF FINANCIAL OFFICER	0.50	Officer	$0	$84,590	$758,654
BETHANY GHASSEMI	CHIEF LEGAL OFFICER	0.50	Officer	$0	$71,504	$659,066
NICK LINDBERG	CHIEF INFORMATION OFFICE	0.50	Officer	$0	$3,983	$417,053
JAMES PARK	SVP CORPORATE COMMUNICATION	0.50	Key Emp	$0	$34,521	$305,685
ANIKA HARTOUNIAN	VP OF FINANCE	0.50	Key Emp	$0	$45,023	$430,662
CYNTHIA SALGADO	VP CORPORATE COMPLIANCE	0.50	Key Emp	$0	$15,387	$287,341
JENNIFER KAPPEN	SVP - AFFORDABLE HOUSING	18.00	Key Emp	$0	$48,298	$451,118

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	$879,322	$244,555	$3,670,602	$634,767
2023	$934,947	$844,191	$399,280	$90,756
2022	$842,245	$751,489	$399,279	$90,756
2021	$805,439	$714,683	$399,279	$90,756
2020	$770,439	$712,486	$399,279	$57,953
2019	$737,140	$820,022	$432,082	$-82,882
2018	$705,487	$788,369	$605,720	$-82,882

PHILADELPHIA PRESBYTERY APARTMENTS INC