Providence State Street Housing Development Fund Company Inc (EIN 274892707) - 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

Dan Sturgis

Phone

5853283210

Tax Period

2023-01-01 to 2023-12-31

Providence State Street Housing Development Fund Company Inc, founded in 2011, is a small nonprofit in the Human Services sector that reported $243K in total revenue in fiscal year 2023. The organization ran a surplus of $105K, a strong 43% operating margin.

Mission

Develop a housing project for low income persons for Providence Housing Development Corporation.

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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 $205,968

Program Service Revenue $0

Investment Income $36,758

Other Revenue $0

TOTAL REVENUE $242,726

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $137,850

Other Expenses $137,850

TOTAL EXPENSES $137,850

Year-over-Year Comparison

	2023	2022	Change
Revenue	$242,726	$242,741	0.0%
Expenses	$137,850	$141,648	0.0%
Net Income	$104,876	$101,093	+0.0%

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

$377,384

Total Directors

$377,384

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Helen Bianchi	Secretary	0.10	Officer Director	$0	$14,840	$153,567
Mark Greisberger	President	0.10	Officer Director	$0	$2,810	$69,104
Dan Sturgis	Assistant Treasurer	0.10	Officer Director	$0	$5,676	$154,713
Greg Soehner	Director	0.10	Director	$0	$0	$0
David Van Blarcom	Treasurer	0.10	Officer 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	$242,726	$137,850	$2,960,642	$104,876
2022	$242,741	$141,648	$2,923,884	$101,093
2021	$242,807	$145,234	$2,951,900	$97,573
2020	$243,329	$148,620	$2,960,472	$94,709
2019	$243,191	$151,817	$2,987,834	$91,374
2018	$243,316	$154,836	$2,961,778	$88,480

Providence State Street Housing Development Fund Company Inc