PROVIDENT AFFORDABLE HOUSING RESOURCES INC (EIN 311707833) - 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

2000

Legal Domicile

Principal Officer

KATHRYN T WALKER

Phone

7709332263

Tax Period

2023-01-01 to 2023-12-31

PROVIDENT AFFORDABLE HOUSING RESOURCES INC, founded in 2000, is a micro nonprofit in the Housing & Shelter sector that reported $4K in total revenue in fiscal year 2023. Expenses of $176K exceeded revenue, resulting in a 4256% operating deficit.

Mission

PROVIDENT AFFORDABLE HOUSING RESOURCES, INC. SERVES THE POOR AND DISTRESSED, WORKS TO ELIMINATE DISCRIMINATION AND PREJUDICE, AND LESSENS NEIGHBORHOOD TENSIONS BY PROVIDING SAFE, DECENT AND AFFORDABLE HOUSING.

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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 $2,761

Program Service Revenue $0

Investment Income $1,285

Other Revenue $0

TOTAL REVENUE $4,046

Expense Breakdown

Grants Paid $0

Salaries & Benefits $137,500

Fundraising Expenses $0

Other Expenses $38,725

TOTAL EXPENSES $176,225

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,046	$-73,409	-1.1%
Expenses	$176,225	$210,772	-0.2%
Net Income	$-172,179	$-284,181	-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

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

$137,500

Total Directors

$137,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP J KENNEDY	PRESIDENT AND CEO	2.00	Officer Director	$100,000	$0	$100,000
KATHRYN T WALKER	TREASURER AND CFO	8.00	Officer Director	$37,500	$0	$37,500
WILLIAM W HIRSCH	DIRECTOR	1.00	Director	$0	$0	$0
VASILIOS SALAMANDRAKIS	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM J TODD	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$4,046	$176,225	$4,870,177	$-172,179
2022	$-73,409	$210,772	$4,546,088	$-284,181
2021	$87,467	$671,487	$5,787,134	$-584,020
2020	$128,462,492	$10,398,491	$5,713,794	$118,064,001
2019	$113,238,579	$31,630,080	$30,814,886	$81,608,499
2018	$17,729,188	$32,211,424	$65,789,832	$-14,482,236

PROVIDENT AFFORDABLE HOUSING RESOURCES INC