Pittsburgh, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Highland Park Community Development Corporation, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $331K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $300K left a modest 9% surplus.
THE ORGANIZATIONS PRIMARY EXEMPT PURPOSE IS COMMUNITY REVITALIZATION, THROUGH THE REMOVAL OF NEIGHBORHOOD ECONOMIC BLIGHT, CREATION OF JOBS, AND THE DEVELOPMENT OF AFFORDABLE HOUSING. THE PRIMARY ACTIVITY OF THE ORGANIZATION IS GUIDED BY A COMPREHENSIVE COMMUNITY PLAN.
THE ORGANIZATION IS CURRENTLY ACCOMPLISHING ITS MISSION BY REHABILITATING VACANT, CRIME RIDDEN AND VISUALLY BLIGHTED PROPERTIES, WHICH WILL THEN BE SOLD UNDER AN AFFORDABLE HOMEOWNERSHIP PROGRAM. THE...
THE ORGANIZATION IS CURRENTLY ACCOMPLISHING ITS MISSION BY REHABILITATING VACANT, CRIME RIDDEN AND VISUALLY BLIGHTED PROPERTIES, WHICH WILL THEN BE SOLD UNDER AN AFFORDABLE HOMEOWNERSHIP PROGRAM. THE ORGANIZATION CONTINUES ITS REHABILITATION OF VACANT STRUCTURES WITHIN THE 900 BLOCK OF MELLON STREET AND THE 5800 BLOCK OF THE BRYANT STREET BUSINESS DISTRICT, WITH THE GOAL OF PROVIDING NEW AFFORDABLE HOUSING AND ATTRACTING NEW BUSINESS, WHICH, IN TURN, CREATES NEW JOBS WITHIN THE COMMUNITY FOR ITS RESIDENTS. THE ORGANIZATION HAS COMPLETED THE RENOVATION OF THREE PROPERTIES TO DATE ON BRYANT STREET.
TO ACCOMPLISH PART OF ITS GOALS, THE ORGANIZATION HAS FORMED SEVERAL PARTNERSHIPS (STANTON AVE ASSOCIATES, BRYANT STREET PHASE II LP, BRYANT STREET SECOND PHASE LLC AND BRYANT STREET PHASE THREE LP)...
TO ACCOMPLISH PART OF ITS GOALS, THE ORGANIZATION HAS FORMED SEVERAL PARTNERSHIPS (STANTON AVE ASSOCIATES, BRYANT STREET PHASE II LP, BRYANT STREET SECOND PHASE LLC AND BRYANT STREET PHASE THREE LP). THESE PARTNERSHIPS HAVE ATTRACTED IMPORTANT EXPERTISE AND HAVE RAISED INVESTMENT CAPITAL TO TURN THESE PROPERTIES AROUND, WHILE HELPING THE ORGANIZATION TO ACCOMPLISH ITS MISSION OF CREATING NEW JOBS AND DEVELOPING AFFORDABLE HOUSING. THE NEGATIVE REVENUES ARE THE NET (LOSSES) FLOWING THROUGH FROM THE PARTNERSHIPS SCHEDULE K-1S.
THE ORGANIZATION ALSO MANAGES SOME OF THE PROPERTIES THAT IT HAS RETAINED, INCLUDING 1125 HIGHLAND(RETAIL SPACE FOR COFFEE SHOP), 839 MELLON (A 7 UNIT APARTMENT BUILDING) AND 5801 BRYANT STREET(FIRST...
THE ORGANIZATION ALSO MANAGES SOME OF THE PROPERTIES THAT IT HAS RETAINED, INCLUDING 1125 HIGHLAND(RETAIL SPACE FOR COFFEE SHOP), 839 MELLON (A 7 UNIT APARTMENT BUILDING) AND 5801 BRYANT STREET(FIRST FLOOR RESTAURANT AND UPPER FLOOR RESIDENTIAL HOUSING). THESE PROPERTIES PROVIDE AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES AND NEW JOB OPPORTUNITIES WITH NEW BUSINESSES, WHILE FOSTERING NEIGHBORHOOD GROWTH AND PROVIDING NEEDED SERVICES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $330,553 | $358,062 | -0.1% |
| Expenses | $299,797 | $344,948 | -0.1% |
| Net Income | $30,756 | $13,114 | +1.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Kelly Meade | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Francisco Escalante | Vice President | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Rudolph Maceyko | Secretary | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| David Hance | President | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| Ernest Hogan | Treasurer | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $330,553 | $299,797 | $5,158,817 | $30,756 |
| 2022 | $358,062 | $344,948 | $5,180,872 | $13,114 |
| 2021 | $754,516 | $179,220 | $4,913,121 | $575,296 |
| 2020 | $28,190 | $161,616 | $4,311,073 | $-133,426 |
| 2019 | $361,162 | $165,472 | $4,271,728 | $195,690 |
| 2018 | $113,348 | $166,008 | $3,916,846 | $-52,660 |
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