PARTRIDGE PLACE APARTMENTS

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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

2004

Legal Domicile

Principal Officer

OPAL M JONES

Phone

3145351919

Tax Period

2022-07-01 to 2023-06-30

PARTRIDGE PLACE APARTMENTS, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $147K in total revenue in fiscal year 2022. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $228K exceeded revenue, resulting in a 55% operating deficit.

Mission

PARTRIDGE PLACE APARTMENTS PROVIDES PERMANENT SUPPORTIVE HOUSING TO OTHERWISE HOMELESS, LOW-INCOME ST. LOUISANS LIVING WITH HIV. REVENUE COMES FROM GOVERNMENT CONTRACTS AND RESIDENTS' RENT, WHICH IS CAPPED AT 30% OF THEIR INCOME.

Program Service Accomplishments

Program 1

Expenses: $202,284 Revenue: $58,965

PARTRIDGE PLACE OPERATES AN APARTMENT BUILDING (18 UNITS) TO PROVIDE PERSONS WHO ARE DISABLED BY HIV INFECTION 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 (I.E., HOUSING, HEALTH AND HOPE.)

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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 $87,670

Program Service Revenue $58,965

Investment Income $210

Other Revenue $0

TOTAL REVENUE $146,845

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,675

Fundraising Expenses $0

Program Expenses $202,284

Other Expenses $190,917

TOTAL EXPENSES $227,592

Year-over-Year Comparison

	2022	2021	Change
Revenue	$146,845	$643,948	-0.8%
Expenses	$227,592	$204,185	+0.1%
Net Income	$-80,747	$439,763	-1.2%

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

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

$517,321

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ED GIGANTI	CHAIR (OUTGOING) / BOARD MEMBER	0.20	Officer Director	$0	$0	$0
GENE PULLIAM	FIRST VICE-CHAIR / CHAIR	0.20	Officer Director	$0	$0	$0
STEVEN SCOTT	FIRST VICE-CHAIR	0.20	Officer Director	$0	$0	$0
KIM BOULDIN-JONES	SECOND VICE-CHAIR	0.20	Officer Director	$0	$0	$0
KEITH THOMPSON	SECRETARY (OUTGOING)	0.20	Officer Director	$0	$0	$0
CHRISTOPHER NOLAN	SECRETARY	0.20	Officer Director	$0	$0	$0
JONAH HOUTS	TREASURER	0.20	Officer Director	$0	$0	$0
OPAL M JONES	PRESIDENT & CEO	1.00	Officer	$0	$19,685	$309,608
GARY M MUDD	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$17,580	$207,713
PATRICIA PLUMLEY	CHIEF PROGRAM OFFICER	1.00	Highest	$0	$16,708	$170,046

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$146,845	$227,592	$1,409,361	$-80,747
2022	$643,948	$204,185	$1,448,989	$439,763
2021	$146,132	$206,945	$1,503,680	$-60,813
2020	$135,976	$220,185	$1,599,718	$-84,209
2019	$123,130	$200,478	$1,674,296	$-77,348