FIRST 202 HOUSING CORPORATION - XENIA SITE (EIN 311070857) - 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

1983

Legal Domicile

Principal Officer

CAROLYN WRIGHT

Phone

9373767888

Tax Period

2023-06-01 to 2024-05-31

FIRST 202 HOUSING CORPORATION - XENIA SITE, founded in 1983, is a small nonprofit in the Housing & Shelter sector that reported $694K in total revenue in fiscal year 2023. Expenses of $673K left a modest 3% surplus.

Mission

THE PROJECT IS ORGANIZED UNDER SECTION 202 OF THE HOUSING ACT OF 1959 TO PROVIDE AFFORDABLE LOW INCOME HOUSING FOR THE ELDERLY AND DISABLED.

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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 $401,582

Program Service Revenue $236,479

Investment Income $6,743

Other Revenue $49,466

TOTAL REVENUE $694,270

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $496,318

Other Expenses $672,530

TOTAL EXPENSES $672,530

Year-over-Year Comparison

	2023	2022	Change
Revenue	$694,270	$688,802	+0.0%
Expenses	$672,530	$795,790	-0.2%
Net Income	$21,740	$-106,988	-1.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN E WRIGHT	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
WALT MCNEIL	TRUSTEE	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	$694,270	$672,530	$1,914,573	$21,740
2023	$688,802	$795,790	$1,971,143	$-106,988
2022	$654,551	$606,067	$2,081,791	$48,484
2021	$632,762	$644,275	$2,113,692	$-11,513
2020	$596,850	$648,903	$2,195,307	$-52,053
2019	$591,894	$643,882	$2,319,521	$-51,988

FIRST 202 HOUSING CORPORATION - XENIA SITE