ARC 3RD HOUSING CORPORATION

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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

1984

Legal Domicile

Principal Officer

BRAD PERROT

Phone

4192256285

Tax Period

2025-01-01 to 2025-12-31

ARC 3RD HOUSING CORPORATION, founded in 1984, is a small nonprofit that reported $233K in total revenue in fiscal year 2025. Expenses of $207K left a modest 11% surplus.

Mission

TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER-LIVING THE CHARGES FOR SUCH

Program Service Accomplishments

Program 1

Expenses: $194,155 Revenue: $233,054

TO PROVIDE LOW INCOME HOUSING FOR ELDERLY AND DISBALED PERSONS. THE ORGANIZATIONS OWNS AND OPERATES A 20 UNIT LOW INCOME RENTAL HOUSING PROJECT TO PROVIDE LOW INCOME HOUSEING. THE US DEPT. OF HOUSING AND URBAN DEVELOPMENT (HUD) SUPERVISES AND REGULATES THE OPERATING METHODS OF THE PROJECT SUBJEST NTO 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $233,054

Investment Income $243

Other Revenue $0

TOTAL REVENUE $233,297

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,966

Fundraising Expenses $0

Program Expenses $194,155

Other Expenses $193,422

TOTAL EXPENSES $207,388

Year-over-Year Comparison

	2025	2024	Change
Revenue	$233,297	$219,208	+0.1%
Expenses	$207,388	$188,372	+0.1%
Net Income	$25,909	$30,836	-0.2%

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

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
BRAD PERROT	EXECUTIVE DI	15.00	Officer Director	$0	$0	$0
RASHAWNDA PERRY	TRUSTEE	1.00	Director	$0	$0	$0
LAURA RING	TRUSTEE	1.00	Director	$0	$0	$0
DENISE VANDYNE	TRUSTEE	1.00	Director	$0	$0	$0
MEREDITH FOSTER	TREASURER	1.00	Officer	$0	$0	$0
JOHN KELLER	VICE PRESIDE	1.00	Officer	$0	$0	$0
TOM RING	PRESIDENT	1.00	Officer	$0	$0	$0
LEIGH TAYLOR	SECRETARY	1.00	Officer	$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	$233,297	$207,388	$281,130	$25,909
2024	$219,208	$188,372	$315,285	$30,836
2023	$204,565	$187,275	$306,293	$17,290
2022	$210,527	$189,182	$330,776	$21,345
2021	$207,946	$197,814	$342,055	$10,132