St Timothy Manor 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

2000

Legal Domicile

Principal Officer

FRED BERRY

Phone

3303841555

Tax Period

2022-07-01 to 2023-06-30

St Timothy Manor Inc, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $752K in total revenue in fiscal year 2022. Revenue surged 72% from the prior year, signaling strong growth momentum. The organization ran a surplus of $142K, a strong 19% operating margin.

Mission

ST. TIMOTHY MANOR, INC. (THE PROJECT), A NOT-FOR-PROFIT ENTITY, OWNS AND OPERATES A 40-UNIT APARTMENT PROJECT LOCATED IN GARFIELD HEIGHTS, OHIO. THE PROJECT COMMENCED OPERATIONS IN MARCH 2004. THE PROJECT IS OPERATED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT OF 1959 AND IS REGULATED BY THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE PROJECT'S MAJOR PROGRAM IS ITS SECTION 202 CAPITAL ADVANCE WHICH PROVIDED THE MAJORITY OF THE FUNDING TO DEVELOP THE PROJECT. THE PROJECT ALSO IS SUBJECT TO A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) WITH HUD, AND A PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD.

Program Service Accomplishments

Program 1

Expenses: $554,276 Revenue: $601,648

THE CORPORATION PROVIDES HOUSING AND SUPPORTIVE SERVICES FOR LOW-INCOME ELDERLY INDIVIDUALS IN SAFE, ATTRACTIVE AND WELL-MAINTAINED BUILDINGS IN NORTHEAST OHIO. WE STRIVE TO KEEP SENIORS SELF-RELIANT AND INDEPENDENT FOR AS LONG AS POSSIBLE BY SECURING ADDITIONAL SERVICES THEY NEED AND ENCOURAGING A SENSE OF COMMUNITY IN EACH RESIDENT. THE SENIORS WE SERVE MUST BE ELIGIBLE FOR A HUD 202 APARTMENT AS DETERMINED BY THEIR INCOME AND MUST BE RE-CERTIFIED EACH YEAR TO CONTINUE RESIDENCY. THE PROJECT OPERATES UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND WITHIN THE RENTAL AND OPERATING GUIDELINES OF THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $150,000

Program Service Revenue $434,527

Investment Income $41

Other Revenue $167,121

TOTAL REVENUE $751,689

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $554,276

Other Expenses $609,919

TOTAL EXPENSES $609,919

Year-over-Year Comparison

	2022	2021	Change
Revenue	$751,689	$436,360	+0.7%
Expenses	$609,919	$481,976	+0.3%
Net Income	$141,770	$-45,616	-4.1%

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

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

$101,346

Total Directors