Catholic Housing Corporation of Mt Penn c/o Holy Family Senior Living (EIN 264498990) - 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

2009

Legal Domicile

Principal Officer

JOSEPH ASHADID

Phone

6108656245

Tax Period

2023-01-01 to 2023-12-31

Catholic Housing Corporation of Mt Penn c/o Holy Family Senior Living, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $311K in total revenue in fiscal year 2023. Expenses of $538K exceeded revenue, resulting in a 73% operating deficit.

Mission

TO PROVIDE LOW INCOME INDEPENDENT LIVING HOUSING UNDER THE HUD SECTION 8 PROGRAM.

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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 $307,871

Investment Income $108

Other Revenue $3,319

TOTAL REVENUE $311,298

Expense Breakdown

Grants Paid $0

Salaries & Benefits $88,186

Fundraising Expenses $0

Program Expenses $432,081

Other Expenses $449,611

TOTAL EXPENSES $537,797

Year-over-Year Comparison

	2023	2022	Change
Revenue	$311,298	$289,387	+0.1%
Expenses	$537,797	$539,543	0.0%
Net Income	$-226,499	$-250,156	-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

N/A

Volunteers

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

$327,229

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph A Shadid	Chief Executive Officer	1.0	Officer	$0	$38,008	$202,982
MICHAEL HENEGHAN	Chief Financial Officer	1.0	Officer	$0	$0	$124,247
JOHN Morahan	Chairperson	1.0	Officer Director	$0	$0	$0
BARBara Coffin	Vice Chairperson	1.0	Officer Director	$0	$0	$0
JOHN LYNCH	Treasurer	1.0	Officer Director	$0	$0	$0
Pamela Russo	Secretary	1.0	Officer Director	$0	$0	$0
REV RAYMOND C HITTINGER	Director	1.0	Director	$0	$0	$0
Evelyn Carfagno	Director	1.0	Director	$0	$0	$0
Msgr Edward Coyle	Director	1.0	Director	$0	$0	$0
Amy M DePuy MD	Director	1.0	Director	$0	$0	$0
Father Allen Hoffa	Director	1.0	Director	$0	$0	$0
Judy Stanczak	Director	1.0	Director	$0	$0	$0
Dr Carmine Pellosie	Director	1.0	Director	$0	$0	$0
Terry Novatnack	DIRECTOR - EFF. 10/2024	1.0	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
2024	No data	No data	No data	No data
2023	$311,298	$537,797	$4,236,167	$-226,499
2022	$289,387	$539,543	$4,479,248	$-250,156
2021	$292,213	$482,382	$4,676,459	$-190,169
2020	$299,422	$485,332	$4,839,772	$-185,910
2019	$282,450	$504,093	$5,040,501	$-221,643
2018	$273,385	$490,767	$5,258,080	$-217,382

Catholic Housing Corporation of Mt Penn c/o Holy Family Senior Living