TUNNELHILL-GALLITZIN IMPROVED HOUSING INC (EMERALD ESTATES APARTMENTS) (EIN 251411864) - 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

Legal Domicile

Principal Officer

JOHN A PALKO

Phone

8149449466

Tax Period

2024-10-01 to 2025-09-30

TUNNELHILL-GALLITZIN IMPROVED HOUSING INC (EMERALD ESTATES APARTMENTS) is a small nonprofit that reported $267K in total revenue in fiscal year 2024. Expenses of $327K exceeded revenue, resulting in a 22% operating deficit.

Mission

TO PROVIDE LOW COST HOUSING FOR LOW AND MODERATE INCOME FAMILIES IN NEED

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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 $144,805

Program Service Revenue $121,465

Investment Income $-703

Other Revenue $1,859

TOTAL REVENUE $267,426

Expense Breakdown

Grants Paid $0

Salaries & Benefits $60,339

Fundraising Expenses $0

Program Expenses $288,600

Other Expenses $266,819

TOTAL EXPENSES $327,158

Year-over-Year Comparison

	2024	2023	Change
Revenue	$267,426	$256,032	+0.0%
Expenses	$327,158	$296,340	+0.1%
Net Income	$-59,732	$-40,308	+0.5%

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	Role	Reportable Comp	Other Comp	Total
JOHN A PALKO	PRESIDENT	Officer	$0	$0	$0
EUGENE MYERS	FIRST VICE PRESIDENT	Officer	$0	$0	$0
IRENE SZYNAL	SECOND VICE PRESIDENT	Officer	$0	$0	$0
RITA NAGLE	SECRETARY	Officer	$0	$0	$0
PATRICK J SHEEHAN	ASST. SECRETARY	Officer	$0	$0	$0
FRED LEGO	TREASURER	Officer	$0	$0	$0
R JAMES WOLESLAGLE	ASST. TREASURER	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
2025	$267,426	$327,158	$967,930	$-59,732
2024	$256,032	$296,340	$1,033,501	$-40,308
2023	$257,773	$315,085	$1,074,520	$-57,312
2022	$259,704	$311,123	$1,123,170	$-51,419
2021	$261,480	$298,772	$1,171,840	$-37,292
2020	$261,436	$287,248	$1,205,838	$-25,812
2019	$261,548	$289,284	$1,233,370	$-27,736

TUNNELHILL-GALLITZIN IMPROVED HOUSING INC (EMERALD ESTATES APARTMENTS)