Pittsburgh Housing Development Corp (EIN 251758628) - 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

1994

Legal Domicile

Phone

4122556629

Tax Period

2023-01-01 to 2023-12-31

Pittsburgh Housing Development Corp, founded in 1994, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2023. The organization ran a surplus of $1.4M, a strong 93% operating margin.

Mission

To initiate, plan, finance, develop and manage housing development in the City of Pittsburgh, and upon request, in other municipalities with particular, but not exclusive, emphasis on such development in low to moderate income census tracts and elsewhere for low to moderate income persons.

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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 $1,511,488

Program Service Revenue $0

Investment Income $1,741

Other Revenue $2,936

TOTAL REVENUE $1,516,165

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $100,329

TOTAL EXPENSES $100,329

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,516,165	$-64,341	-24.6%
Expenses	$100,329	$44,554	+1.3%
Net Income	$1,415,836	$-108,895	-14.0%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jerome Jackson	President	1.00	Officer Director	$0	$0	$0
Michelle Porter	Director	1.00	Director	$0	$0	$0
Jodi Lincoln	Director	1.00	Director	$0	$0	$0
Colin P Kelley	Secretary	1.00	Officer Director	$0	$0	$0
Andrew Dash	Director	1.00	Director	$0	$0	$0
David Brewton	Vice President	1.00	Officer Director	$0	$0	$0
Pamela Collier	Director	1.00	Director	$0	$0	$0
Jennifer Cash Wade	Director	1.00	Director	$0	$0	$0
Quianna Wasler	Treasurer	1.00	Officer Director	$0	$0	$0
Danielle Graham Robinson	Director	1.00	Director	$0	$0	$0
Chris Eberlein	Director	1.00	Director	$0	$0	$0
David Howe	Fin Operat Mgr	40.00	Officer	$0	$0	$0
Richard Snipe	Executive Dir.	40.00	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
2024	No data	No data	No data	No data
2023	$1,516,165	$100,329	$8,511,850	$1,415,836
2022	$-64,341	$44,554	$7,229,010	$-108,895
2021	$165,662	$42,650	$5,520,732	$123,012
2020	$152,820	$47,078	$5,943,050	$105,742
2019	$278,077	$45,063	$5,621,898	$233,014
2018	$-236,194	$43,741	$4,904,358	$-279,935

Pittsburgh Housing Development Corp