ST PATRICK'S HOUSING CORP II (EIN 264262998) - 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

2011

Legal Domicile

Principal Officer

JAMES WAYNE

Phone

7278931314

Tax Period

2024-01-01 to 2024-12-31

ST PATRICK'S HOUSING CORP II, founded in 2011, is a small nonprofit that reported $562K in total revenue in fiscal year 2024. Expenses of $737K exceeded revenue, resulting in a 31% operating deficit.

Mission

WE ARE A HUD SUBSIDIZED AND REGULATED APARTMENT COMPLEX. OUR MISSION IS TO PROVIDE AFFORDABLE HOUSING AND OTHER SERVICES TO LOW INCOME ELDERLY AND/OR HANDICAPPED 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 (2024)

Revenue Breakdown

Contributions & Grants $318,374

Program Service Revenue $232,494

Investment Income $11,112

Other Revenue $76

TOTAL REVENUE $562,056

Expense Breakdown

Grants Paid $0

Salaries & Benefits $198,660

Fundraising Expenses $0

Program Expenses $655,942

Other Expenses $538,415

TOTAL EXPENSES $737,075

Year-over-Year Comparison

	2024	2023	Change
Revenue	$562,056	$540,191	+0.0%
Expenses	$737,075	$735,064	+0.0%
Net Income	$-175,019	$-194,873	-0.1%

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

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

$91,606

Total Directors

$91,606

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV EDWIN PALKA	PRESIDENT	1.00	Officer Director	$0	$0	$0
MAGGIE ROGERS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JAMES WAYNE	TREASURER	1.00	Officer Director	$0	$0	$91,606
REV EMERY LONGANGA	MEMBER	1.00	Director	$0	$0	$0
REV JAMES RUHLIN	MEMBER	1.00	Director	$0	$0	$0
REV WAYNE GENEREUX	MEMBER	1.00	Director	$0	$0	$0
REV MICHAEL MUHR	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
2025	No data	No data	No data	No data
2024	$562,056	$737,075	$6,724,731	$-175,019
2023	$540,191	$735,064	$6,883,853	$-194,873
2022	$461,367	$642,908	$7,071,954	$-181,541
2021	$462,434	$594,954	$7,248,351	$-132,520
2020	$410,174	$593,819	$7,377,607	$-183,645
2019	$412,773	$576,622	$7,565,464	$-163,849
2018	$372,113	$535,394	$7,729,997	$-163,281

ST PATRICK'S HOUSING CORP II