KENWOOD PLACE I INC

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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

2009

Legal Domicile

Principal Officer

MICHAEL PETRIE

Phone

3178454171

Tax Period

2023-07-01 to 2024-06-30

KENWOOD PLACE I INC, founded in 2009, is a small nonprofit that reported $607K in total revenue in fiscal year 2023.

Mission

TO PROVIDE LOW INCOME HOUSING TO THE ELDERLY.

Program Service Accomplishments

Program 1

Expenses: $658,433 Revenue: $595,304

PROVIDED LOW INCOME HOUSING TO THE ELDERLY TENANTS. TENANT RENTS WERE APPPROVED AND SUBSIDIZED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

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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 $0

Program Service Revenue $595,304

Investment Income $12,195

Other Revenue $0

TOTAL REVENUE $607,499

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,333

Fundraising Expenses $0

Program Expenses $658,433

Other Expenses $572,100

TOTAL EXPENSES $658,433

Year-over-Year Comparison

	2023	2022	Change
Revenue	$607,499	$587,909	+0.0%
Expenses	$658,433	$630,922	+0.0%
Net Income	$-50,934	$-43,013	+0.2%

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
MICHAEL PETRIE	PRESIDENT/SECRETARY	Officer Director	$0	$0	$0
BRUCE R BAIRD	VICE-PRESIDENT/TREASURER	Officer Director	$0	$0	$0
THOMAS MARENDT	DIRECTOR	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
2025	No data	No data	No data	No data
2024	$607,499	$658,433	$2,090,903	$-50,934
2023	$587,909	$630,922	$2,086,380	$-43,013
2022	$583,284	$586,346	$2,087,634	$-3,062
2021	$610,849	$632,889	$2,137,457	$-22,040
2020	$613,796	$541,864	$2,194,475	$71,932