PALATINE MANOR HOUSING DEVELOPMENT FUND CORPORATION (EIN 311573533) - 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

1997

Legal Domicile

Principal Officer

ANDREA DIPACE

Phone

4135254321

Tax Period

2023-01-01 to 2023-12-31

PALATINE MANOR HOUSING DEVELOPMENT FUND CORPORATION, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $533K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $624K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE AFFORDABLE LOW-INCOME HOUSING FOR THE ELDERLY.

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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 $266,430

Program Service Revenue $261,832

Investment Income $340

Other Revenue $4,795

TOTAL REVENUE $533,397

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $433,667

Other Expenses $623,920

TOTAL EXPENSES $623,920

Year-over-Year Comparison

	2023	2022	Change
Revenue	$533,397	$435,925	+0.2%
Expenses	$623,920	$661,896	-0.1%
Net Income	$-90,523	$-225,971	-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

Employees

N/A

Volunteers

N/A

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
ANDREA DIPACE	PRESIDENT	1.00	Officer Director	$0	$0	$0
LUANNE KLINE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
BONNIE MCALISTER	TREASURER	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$533,397	$623,920	$803,044	$-90,523
2022	$435,925	$661,896	$938,013	$-225,971
2021	$422,849	$595,739	$1,045,303	$-172,890
2020	$449,796	$566,869	$1,219,742	$-117,073
2019	$422,686	$549,728	$1,309,860	$-127,042
2018	$411,510	$521,062	$1,428,342	$-109,552

PALATINE MANOR HOUSING DEVELOPMENT FUND CORPORATION