HUNTINGTON BEACH, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
THE CORPORATION'S PRIMARY EXEMPT PURPOSE IS TO SERVE AND RELIEVE THE POOR AND DISTRESSED, COMBAT COMMUNITY DETERIORATION, ELIMINATE DISCRIMINATION AND PREJUDICE AND LESSEN NEIGHBORHOOD TENSIONS BY PROVIDING SAFE, DECENT AND SANITARY HOUSING TO PERSONS OF LOW AND VERY LOW INCOME.
THE CORPORATION OWNED THREE PROPERTIES WITH APPROXIMATELY 604 UNITS. APPROXIMATELY 75% OF THESE UNITS ARE AVAILABLE FOR RESIDENTS WHO QUALIFY AS VERY LOW AND LOW INCOME FAMILIES. THE CORPORATION...
THE CORPORATION OWNED THREE PROPERTIES WITH APPROXIMATELY 604 UNITS. APPROXIMATELY 75% OF THESE UNITS ARE AVAILABLE FOR RESIDENTS WHO QUALIFY AS VERY LOW AND LOW INCOME FAMILIES. THE CORPORATION DEVELOPED AND IMPLEMENTED SERVICE-ENRICHED HOUSING PROGRAMS, INCLUDING HEALTH, SOCIAL AND EDUCATION PROGRAMS TO IMPROVE THE QUALITY OF LIFE AND POTENTIAL FOR PERSONAL GROWTH OF ITS RESIDENTS. COMPUTER TRAINING, ADULT BASIC EDUCATION, SUPPORT GROUPS, FOOD AND NUTRITION CLASSES AND JOB READINESS TRAINING ARE EXAMPLES OF PROGRAMS THAT WERE OFFERED TO THE RESIDENTS OF THE FACILITIES IN 2020.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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