PARMENTER PLACE C/O CONCORD HOUSING DEVELOPMENT CORP (EIN 271519247) - 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

JACKIE WHATMOUGH

Phone

6032244059

Tax Period

2023-10-01 to 2024-09-30

PARMENTER PLACE C/O CONCORD HOUSING DEVELOPMENT CORP, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $382K in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $453K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO PROVIDE SUBSIDIZED RESIDENTIAL HOUSING FOR LOW-INCOME INDIVIDUALS.

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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 $377,748

Investment Income $1,199

Other Revenue $2,653

TOTAL REVENUE $381,600

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $389,632

Other Expenses $452,632

TOTAL EXPENSES $452,632

Year-over-Year Comparison

	2023	2022	Change
Revenue	$381,600	$317,476	+0.2%
Expenses	$452,632	$443,444	+0.0%
Net Income	$-71,032	$-125,968	-0.4%

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

$162,379

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM FOWLER	DIRECTOR	1.00	Director	$0	$0	$0
JERRY MADDEN	DIRECTOR	1.00	Director	$0	$0	$0
PETER F BURGER	DIRECTOR	1.00	Director	$0	$0	$0
JACKIE WHATMOUGH	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DANA ADAMS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JULIE PALMERI	SECRETARY/TREASURER	1.00	Officer	$0	$0	$162,379

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	$381,600	$452,632	$3,799,224	$-71,032
2023	$317,476	$443,444	$3,818,184	$-125,968
2022	$293,679	$432,120	$3,910,820	$-138,441
2021	$287,755	$359,444	$4,073,013	$-71,689
2020	$529,372	$417,364	$4,171,526	$112,008
2019	$523,333	$397,400	$4,303,620	$125,933
2018	$523,431	$381,785	$4,437,023	$141,646

PARMENTER PLACE C/O CONCORD HOUSING DEVELOPMENT CORP