Providence Atwood Park Housing Development Fund Company Inc (EIN 264727560) - 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

Dan Sturgis

Phone

5855299555

Tax Period

2024-01-01 to 2024-12-31

Providence Atwood Park Housing Development Fund Company Inc, founded in 2009, is a small nonprofit that reported $238K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $415K exceeded revenue, resulting in a 75% operating deficit.

Mission

Develop and operate a housing project for elderly persons of low income in the Town of Gates, NY.

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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 $0

Program Service Revenue $237,505

Investment Income $182

Other Revenue $0

TOTAL REVENUE $237,687

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $373,414

Other Expenses $414,863

TOTAL EXPENSES $414,863

Year-over-Year Comparison

	2024	2023	Change
Revenue	$237,687	$210,100	+0.1%
Expenses	$414,863	$320,767	+0.3%
Net Income	$-177,176	$-110,667	+0.6%

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

N/A

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

$389,787

Total Directors

$389,787

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Greisberger	President	0.10	Officer Director	$0	$2,608	$68,690
Helen Bianchi	Secretary	0.10	Officer Director	$0	$15,549	$159,974
Dan Sturgis	Treasurer	0.10	Officer Director	$0	$5,955	$161,123

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	$237,687	$414,863	$3,203,530	$-177,176
2023	$210,100	$320,767	$3,323,760	$-110,667
2022	$189,653	$347,539	$3,383,098	$-157,886
2021	$186,790	$291,918	$3,511,468	$-105,128
2020	$186,491	$291,861	$3,607,369	$-105,370
2019	$174,998	$262,413	$3,727,895	$-87,415
2018	$167,794	$261,927	$3,813,802	$-94,133

Providence Atwood Park Housing Development Fund Company Inc