PENNSYLVANIA DEVELOPMENT & MANAGEMENT CORPORATION (EIN 232956836) - 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

1998

Legal Domicile

Principal Officer

ROBERT NICOLELLA

Phone

6103779375

Tax Period

2023-01-01 to 2023-12-31

PENNSYLVANIA DEVELOPMENT & MANAGEMENT CORPORATION, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $204K in total revenue in fiscal year 2023. Revenue surged 287% from the prior year, signaling strong growth momentum. Expenses of $238K exceeded revenue, resulting in a 17% operating deficit.

Mission

ASSIST IN THE OPERATION OF LOW-INCOME HOUSING UNITS AND RELATED LOW-INCOME HOUSING DEVELOPMENT.

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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 $0

Program Service Revenue $198,657

Investment Income $443

Other Revenue $4,878

TOTAL REVENUE $203,978

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $173,504

Other Expenses $237,834

TOTAL EXPENSES $237,834

Year-over-Year Comparison

	2023	2022	Change
Revenue	$203,978	$52,770	+2.9%
Expenses	$237,834	$47,297	+4.0%
Net Income	$-33,856	$5,473	-7.2%

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

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
ROBERT NICOLELLA	PRESIDENT	N/A	Officer Director	$0	$0	$0
CATHRYN PORAMBO	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
PAULA FOUGERAY	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
CYNTHIA FINNEY	ASST SEC./AS	N/A	Officer	$0	$0	$0
GERARD SCARAN	MEMBER	N/A	Director	$0	$0	$0
DEREK D GEORGE	MEMBER	N/A	Director	$0	$0	$0
PAULA FOUGERAY	MEMBER	N/A	Director	$0	$0	$0
DAVID B SHULMAN	SOLICITOR	N/A	Officer	$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	$203,978	$237,834	$715,792	$-33,856
2022	$205,829	$191,611	$775,404	$14,218
2022	$52,770	$47,297	$768,860	$5,473
2021	$203,778	$180,380	$803,869	$23,398
2020	$200,208	$161,046	$819,010	$39,162
2019	$195,300	$169,671	$819,263	$25,629
2018	$181,585	$159,470	$828,545	$22,115

PENNSYLVANIA DEVELOPMENT & MANAGEMENT CORPORATION