SHERADEN PARK DEVELOPMENT INC (EIN 251145815) - 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

1965

Legal Domicile

Principal Officer

RALPH HAMILTON

Tax Period

2024-01-01 to 2024-12-31

SHERADEN PARK DEVELOPMENT INC, founded in 1965, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2024. The organization ran a surplus of $236K, a strong 18% operating margin.

Mission

SHERADEN PARK DEVELOPMENT, INC. IS A PENNSYLVANIA NONPROFIT CORPORATION PROVIDING 188 AFFORDABLE CO-OPERATIVE HOUSING UNITS ALONG WITH COMMUNITY FACILITIES TO MEMBERS ON A NON-PROFIT BASIS. THE PROPERTY IS SITUATED ON ALLENDALE CIRCLE IN THE CITY OF PITTSBURGH. ROADS ARE MAINTAINED BY THE CITY OF PITTSBURGH AND PLAYGROUNDS ARE OPEN TO THE COMMUNITY.

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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 $1,307,780

Investment Income $1,142

Other Revenue $0

TOTAL REVENUE $1,308,922

Expense Breakdown

Grants Paid $0

Salaries & Benefits $170,593

Fundraising Expenses $0

Program Expenses $966,670

Other Expenses $902,187

TOTAL EXPENSES $1,072,780

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,308,922	$1,285,044	+0.0%
Expenses	$1,072,780	$1,173,805	-0.1%
Net Income	$236,142	$111,239	+1.1%

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

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
RALPH HAMILTON	PRESIDENT	6.00	Officer Director	$0	$0	$0
LESLIE BECK	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
LINDA CONLEY	BOARD MEMBER	5.00	Director	$0	$0	$0
DELIA BARNETT	SECRETARY	5.00	Officer Director	$0	$0	$0
JONATHAN ALEXANDER	TREASURER	6.00	Officer 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	$1,308,922	$1,072,780	$2,631,259	$236,142
2023	$1,285,044	$1,173,805	$2,408,378	$111,239
2022	$1,212,440	$1,215,156	$2,346,140	$-2,716
2021	$1,226,582	$1,201,628	$2,224,932	$24,954
2020	$1,190,159	$1,149,878	$2,193,065	$40,281

SHERADEN PARK DEVELOPMENT INC