HOLY TRINITY BAPTIST CHURCH ENT IN… - 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

1968

Legal Domicile

Principal Officer

BEVERLY STEVENSON

Phone

6096468861

Tax Period

2023-01-01 to 2023-12-31

HOLY TRINITY BAPTIST CHURCH ENT INC T/A FITZWATER HOMES PHASE II, founded in 1968, is a small nonprofit in the Housing & Shelter sector that reported $520K in total revenue in fiscal year 2023. Expenses of $737K exceeded revenue, resulting in a 42% operating deficit.

Mission

TO PROMOTE THE WELFARE OF THE NEEDY, ELDERLY AND HANDICAPPED FAMILIES THROUGH THE PROVISION OF HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $537,820 Revenue: $141,735

HOLY TRINITY BAPTIST CHURCH ENTERPRISES, INC. (A COMMONWEALTH OF PENNSYLVANIA NOT FOR PROFIT CORPORATION) (THE "CORPORATION") WAS ORGANIZED TO OWN AND OPERATE A 22-UNIT APARTMENT COMMUNITY...

HOLY TRINITY BAPTIST CHURCH ENTERPRISES, INC. (A COMMONWEALTH OF PENNSYLVANIA NOT FOR PROFIT CORPORATION) (THE "CORPORATION") WAS ORGANIZED TO OWN AND OPERATE A 22-UNIT APARTMENT COMMUNITY PHILADELPHIA, PENNSYLVANIA, KNOWN AS FITZWATER HOMES PHASE II (THE "COMMUNITY"), PURSUANT TO SECTION 236 PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT AS AMENDED. THE CORPORATION HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD.

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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 (2023)

Revenue Breakdown

Contributions & Grants $376,447

Program Service Revenue $135,836

Investment Income $1,784

Other Revenue $5,899

TOTAL REVENUE $519,966

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,402

Fundraising Expenses $0

Program Expenses $537,820

Other Expenses $666,274

TOTAL EXPENSES $736,676

Year-over-Year Comparison

	2023	2022	Change
Revenue	$519,966	$488,648	+0.1%
Expenses	$736,676	$573,465	+0.3%
Net Income	$-216,710	$-84,817	+1.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEVERLY STEVENSON	CHAIRWOMAN	1.00	Officer Director	$0	$0	$0
BETTIE ROUNDTREE	SECRETARY	1.00	Officer Director	$0	$0	$0
CORA FERGUSON	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY FERGUSON	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA WHACK	DIRECTOR	1.00	Director	$0	$0	$0
LORRAINE EVANS	DIRECTOR	1.00	Director	$0	$0	$0

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	No data	No data	No data	No data
2023	$519,966	$736,676	$5,108,928	$-216,710
2022	$488,648	$573,465	$5,346,859	$-84,817
2021	$459,684	$197,159	$5,464,626	$262,525
2020	$237,728	$174,600	$470,127	$63,128
2019	$224,447	$220,603	$405,854	$3,844
2018	$252,724	$194,234	$386,683	$58,490

HOLY TRINITY BAPTIST CHURCH ENT INC T/A FITZWATER HOMES PHASE II