PREFERRED PROPERTIES INC

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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

CHERYL WILSON

Phone

4192449609

Tax Period

2024-07-01 to 2025-06-30

PREFERRED PROPERTIES INC, founded in 1992, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2024. Expenses of $1.2M left a modest 6% surplus.

Mission

THE MISSION OF PREFERRED PROPERTIES IS TO CREATE AND MANAGE AFFORDABLE AND ACCESSIBLE HOUSING FOR PERSONS WITH DISABILITIES, SENIORS, AND OTHERS IN NEED THAT WILL FACILITATE THEIR CHOICE OF COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $1,007,300 Revenue: $761,770

PROVIDE AFFORDABLE HOUSING TO PERSONS WITH DISABILITIES

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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 (2024)

Revenue Breakdown

Contributions & Grants $452,419

Program Service Revenue $761,770

Investment Income $51,351

Other Revenue $0

TOTAL REVENUE $1,265,540

Expense Breakdown

Grants Paid $0

Salaries & Benefits $696,928

Fundraising Expenses $0

Program Expenses $1,007,300

Other Expenses $496,792

TOTAL EXPENSES $1,193,720

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,265,540	$1,175,700	+0.1%
Expenses	$1,193,720	$1,286,029	-0.1%
Net Income	$71,820	$-110,329	-1.7%

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

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

$114,597

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAMARA WITTKOFSKE	CHAIR	1.00	Officer Director	$0	$0	$0
GLENDA HUDSON	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
HARRY BROWN JR	TREASURER	1.00	Officer Director	$0	$0	$0
JEAN ABERCROMBIE	SECRETARY	1.00	Officer Director	$0	$0	$0
LESLYE COLBERT	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER COX	TRUSTEE	1.00	Director	$0	$0	$0
NICOLE WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
ERNEST WALKER	TRUSTEE	1.00	Director	$0	$0	$0
CHERYL WILSON	EXECUTIVE DIRECTOR	34.00	Officer	$98,871	$15,726	$114,597

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	$1,265,540	$1,193,720	$7,767,659	$71,820
2024	No data	No data	No data	No data
2023	$1,180,774	$1,185,079	$7,781,545	$-4,305
2022	$1,320,983	$1,189,912	$7,733,847	$131,071
2021	$1,351,987	$1,226,447	$7,535,694	$125,540
2020	$1,329,801	$1,282,427	$7,171,001	$47,374
2019	$1,587,869	$2,157,708	$7,112,119	$-569,839
2018	$1,657,100	$1,330,104	$8,955,237	$326,996