CENTER PARK II INC

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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

2000

Legal Domicile

Principal Officer

AVA GOLDMAN

Phone

2156736446

Tax Period

2023-09-01 to 2024-08-31

CENTER PARK II INC, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $619K in total revenue in fiscal year 2023. Expenses of $719K exceeded revenue, resulting in a 16% operating deficit.

Mission

THE MISSION IS TO PROVIDE AFFORDABLE HOUSING OPPORTUNITIES FOR LOW-INCOME SENIORS WHO ARE ABLE TO SUSTAIN THEMSELVES IN AN INDEPENDENT LIVING ENVIRONMENT, TO CREATE FACILITIES WHERE OUR RESIDENTS CAN RESIDE AND SOCIALIZE WHILE MAINTAINING A HIGH QUALITY OF LIFE AND ACTIVITY, AND TO HAVE OUR FACILITIES AVAILABLE TO AS MANY SENIORS AS POSSIBLE BY DEVELOPING ADDITIONAL BUILDINGS IN PHILADELPHIA AND THE SURROUNDING SUBURBS.

Program Service Accomplishments

Program 1

Expenses: $657,852 Revenue: $609,084

PROVIDES AFFORDABLE HOUSING OPPORTUNITIES FOR LOW-INCOME SENIORS BY SERVING 66 RESIDENTS IN 61 UNITS, WHO SUSTAIN THEMSELVES IN INDEPENDENT LIVING ENVIRONMENTS.

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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 $609,084

Investment Income $9,595

Other Revenue $0

TOTAL REVENUE $618,679

Expense Breakdown

Grants Paid $0

Salaries & Benefits $175,601

Fundraising Expenses $0

Program Expenses $657,852

Other Expenses $543,053

TOTAL EXPENSES $718,654

Year-over-Year Comparison

	2023	2022	Change
Revenue	$618,679	$609,552	+0.0%
Expenses	$718,654	$627,175	+0.1%
Net Income	$-99,975	$-17,623	+4.7%

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

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

$290,175

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY WEINSTEIN	PRESIDENT	10.00	Officer Director	$0	$0	$0
MICHAEL DAVIDSON ESQ	TREASURER	5.00	Officer Director	$0	$0	$0
MITCHELL GOLDBERG	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
GARY RUBIN	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
KAREN COHEN	SECRETARY	5.00	Officer Director	$0	$0	$0
ERIC NAFTULIN	EXECUTIVE DIRECTOR	1.00	Officer	$0	$23,138	$290,175

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	$618,679	$718,654	$3,772,058	$-99,975
2023	$609,552	$627,175	$3,868,210	$-17,623
2022	$561,228	$622,471	$3,837,302	$-61,243
2021	$535,959	$620,093	$3,946,114	$-84,134
2020	$517,706	$605,400	$3,991,205	$-87,694
2019	$497,292	$626,133	$4,053,209	$-128,841
2018	$484,518	$646,737	$4,190,164	$-162,219