Providence Housing Corporation (EIN 352079467) - Form 990 Financial Analysis & Trantor Score

🔒

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

Sister Jeneen Howard

Phone

8125352825

Tax Period

2024-09-01 to 2025-08-31

Providence Housing Corporation, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $460K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $633K exceeded revenue, resulting in a 38% operating deficit.

Mission

To provide affordable housing opportunities, including housing rehabilitation for qualified individuals, senior citizen apartments, single family homes, and new construction for citizens who qualify based on income.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $443,659

Investment Income $9,730

Other Revenue $6,142

TOTAL REVENUE $459,531

Expense Breakdown

Grants Paid $0

Salaries & Benefits $141,102

Fundraising Expenses $0

Program Expenses $548,956

Other Expenses $492,037

TOTAL EXPENSES $633,139

Year-over-Year Comparison

	2024	2023	Change
Revenue	$459,531	$402,450	+0.1%
Expenses	$633,139	$670,160	-0.1%
Net Income	$-173,608	$-267,710	-0.4%

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

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
Sister Jeneen Howard	President	1.00	Officer Director	$0	$0	$0
Jan Medley	Director	1.00	Director	$0	$0	$0
Peggy Pfrank	Director	1.00	Director	$0	$0	$0
Linda Cassagne	Director	1.00	Director	$0	$0	$0
John Klotz II	Director	1.00	Director	$0	$0	$0
Jeff Stewart	Director	1.00	Director	$0	$0	$0
Brad Bowen	Vice President	1.00	Officer Director	$0	$0	$0
Larry Cassagne	Director	1.00	Director	$0	$0	$0
Janet Mason	Secretary - Treasurer	1.00	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	$459,531	$633,139	$4,143,750	$-173,608
2024	$402,450	$670,160	$4,316,668	$-267,710
2023	$400,109	$687,651	$4,596,674	$-287,542
2022	$412,914	$585,683	$4,973,943	$-172,769
2021	$1,713,372	$462,954	$5,428,298	$1,250,418
2020	$344,285	$483,084	$3,743,546	$-138,799

Providence Housing Corporation