PILGRIM PARTNERS INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

RAYMOND J BISHOP JR

Phone

4193809535

Tax Period

2025-01-01 to 2025-12-31

PILGRIM PARTNERS INC, founded in 1999, is a small nonprofit that reported $394K in total revenue in fiscal year 2025. Expenses of $507K exceeded revenue, resulting in a 29% operating deficit.

Mission

NONE

Program Service Accomplishments

Program 1

Expenses: $443,730 Revenue: $225,598

THE SOLE PURPOSE IS TO PROVIDE SUBSIDIZED MODERATE AND LOW-INCOME APARTMENT RENTAL HOUSING FOR ELDERLY PERSONS THROUGH THE US DEPARTMENT OF HUD SECTIONS 202 AND 8 PROGRAMS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $162,509

Program Service Revenue $221,944

Investment Income $5,522

Other Revenue $3,654

TOTAL REVENUE $393,629

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $443,730

Other Expenses $507,473

TOTAL EXPENSES $507,473

Year-over-Year Comparison

	2025	2024	Change
Revenue	$393,629	$393,153	+0.0%
Expenses	$507,473	$483,876	+0.0%
Net Income	$-113,844	$-90,723	+0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV RAYMOND J BISHOP JR	PRESIDENT	0.10	Officer Director	$0	$0	$0
LERONYA DRAYTON	SECRETARY	0.10	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	$393,629	$507,473	$2,641,130	$-113,844
2024	$393,153	$483,876	$2,727,444	$-90,723
2023	$362,792	$456,147	$2,811,791	$-93,355
2022	$347,845	$470,930	$2,933,276	$-123,085
2021	$364,073	$465,596	$3,059,613	$-101,523
2020	$336,252	$406,971	$3,121,084	$-70,719
2019	$333,053	$410,089	$3,187,988	$-77,036
2018	$331,411	$434,984	$3,271,373	$-103,573