PORTSMOUTH INNER CITY DEVELOPMENT … - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

DONALD REEVES

Phone

6149422020

Tax Period

2022-01-01 to 2022-12-31

PORTSMOUTH INNER CITY DEVELOPMENT CORPORATION HOUSING ASSOCIATION II, founded in 1992, is a small nonprofit that reported $155K in total revenue in fiscal year 2022. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $174K exceeded revenue, resulting in a 12% operating deficit.

Mission

PROVIDE AFFORDABLE HOUSING FOR ELDERLY AND DEVELOPMENTALLY DISABLED INDIVIDUALS

Program Service Accomplishments

Program 1

Expenses: $151,039 Revenue: $53,791

PROVIDE LOW INCOME HOUSING FOR ELDERLY AND DISABLED PERSONS. THE ORGANIZATION OWNS AND OPERATES A 20 UNIT LOW INCOME RENTAL HOUSING PROJECT TO PROVIDE LOW INCOME HOUSING. THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) SUPERVISES AND REGULATES THE OPERATING METHODS OF THE PROJECT SUBJECT TO THE TERMS AND CONDITIONS OF A REGULATORY AGREEMENT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $100,742

Program Service Revenue $51,907

Investment Income $881

Other Revenue $1,884

TOTAL REVENUE $155,414

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $151,039

Other Expenses $173,722

TOTAL EXPENSES $173,722

Year-over-Year Comparison

	2022	2021	Change
Revenue	$155,414	$141,517	+0.1%
Expenses	$173,722	$166,647	+0.0%
Net Income	$-18,308	$-25,130	-0.3%

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
HELEN ADAMS	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRADY WOMACK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
EVANGELINE PARKER	SECRETARY	1.00	Officer Director	$0	$0	$0
DONALD REEVES	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
2022	$155,414	$173,722	$601,848	$-18,308
2021	$141,517	$166,647	$607,217	$-25,130
2020	$127,157	$144,295	$614,717	$-17,138
2019	$142,485	$143,926	$620,886	$-1,441
2018	$127,329	$161,424	$612,953	$-34,095

PORTSMOUTH INNER CITY DEVELOPMENT CORPORATION HOUSING ASSOCIATION II