ALEX W THOMPSON HOUSING CORPORATION

EIN: 251695190 501(c)(3)

ERIE, PA

Total Revenue
$158,449
Total Expenses
$259,569
Total Assets
$888,611
Net Assets
$778,461
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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
1992
Legal Domicile
PA
Principal Officer
JAMES SHERROD
Phone
8144520505
Tax Period
2023-01-01 to 2023-12-31

ALEX W THOMPSON HOUSING CORPORATION, founded in 1992, is a small nonprofit that reported $158K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $260K exceeded revenue, resulting in a 64% operating deficit.

Mission

ORGANIZATION PROVIDES HOUSING TO THE LOW INCOME ELDERLY UNDER SECTION 202 OF THE NATIONAL HOUSING ACT OF 1959 AND APPLICABLE HUD REGULATIONS.

Program Service Accomplishments

Program 1
Expenses: $213,037 Revenue: $158,406

ORGANIZATION PROVIDES HOUSING TO THE LOW INCOME ELDERLY UNDER SECTION 202 OF THE NATIONAL HOUSING ACT OF 1959 AND APPLICABLE HUD REGULATIONS. HOUSING IS PROVIDED BY OPERATION OF A 40 UNIT APARTMENT...

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ORGANIZATION PROVIDES HOUSING TO THE LOW INCOME ELDERLY UNDER SECTION 202 OF THE NATIONAL HOUSING ACT OF 1959 AND APPLICABLE HUD REGULATIONS. HOUSING IS PROVIDED BY OPERATION OF A 40 UNIT APARTMENT COMPLEX WHICH WAS CONSTRUCTED THROUGH FINANCING FROM HUD VIA A CAPITAL ADVANCE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $156,991
Investment Income $43
Other Revenue $1,415
TOTAL REVENUE $158,449

Expense Breakdown

Grants Paid $0
Salaries & Benefits $29,981
Fundraising Expenses $0
Program Expenses $213,037
Other Expenses $229,588
TOTAL EXPENSES $259,569

Year-over-Year Comparison

2023 2022 Change
Revenue $158,449 $240,264 -0.3%
Expenses $259,569 $275,718 -0.1%
Net Income $-101,120 $-35,454 +1.9%
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

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Governance

Voting Members
4
Independent Members
4
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
4
$98,412
Total Directors
5
$98,412
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL CHEVALIER PRESIDENT 1.00
Officer Director
$0 $0 $0
JOHNNY JOHNSON VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
WILLIAM WILLIAMS SECRETARY 1.00
Officer Director
$0 $0 $0
JAMES SHERROD EXECUTIVE DIRECTOR 1.00
Officer Director
$0 $8,998 $98,412
ANTHONY WILLIAMS BOARD MEMBER 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
2023 $158,449 $259,569 $888,611 $-101,120
2022 $240,264 $275,718 $928,218 $-35,454
2021 $198,385 $317,891 $1,030,867 $-119,506
2020 $195,885 $266,936 $1,117,015 $-71,051
2019 $201,193 $269,434 $1,169,506 $-68,241
2018 $205,766 $282,731 $1,252,123 $-76,965
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