PERRY FARM DEVELOPMENT CO (EIN 352183523) - Form 990 Financial Analysis & Trantor Score

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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

2001

Legal Domicile

Principal Officer

BARBARA WOODWARD-BOONSTRA

Phone

2315261500

Tax Period

2023-01-01 to 2023-12-31

PERRY FARM DEVELOPMENT CO, founded in 2001, is a community nonprofit in the Housing & Shelter sector that reported $2.6M in total revenue in fiscal year 2023. Revenue surged 85% from the prior year, signaling strong growth momentum.

Mission

TO SERVE SENIORS OF ALL FAITHS & TO CREATE NEW POSSIBILITIES FOR QUALITY SENIOR LIVING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $52,033

Program Service Revenue $2,291,865

Investment Income $93,928

Other Revenue $148,354

TOTAL REVENUE $2,586,180

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,104,003

Fundraising Expenses $0

Program Expenses $1,906,800

Other Expenses $1,532,503

TOTAL EXPENSES $2,636,506

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,586,180	$1,394,427	+0.9%
Expenses	$2,636,506	$1,694,554	+0.6%
Net Income	$-50,326	$-300,127	-0.8%

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

$112,683

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PASTER KIP MURPHY	DIRECTOR	2.50	Director	$0	$0	$0
ROY GRIFFITTS JR	DIRECTOR	2.50	Director	$0	$0	$0
DR MARIA KOKAS	DIRECTOR	2.50	Director	$0	$0	$0
EMIL MUCCINO	DIRECTOR	2.50	Director	$0	$0	$0
TIM KNAPP	DIRECTOR	2.50	Director	$0	$0	$0
MARK SLATER	DIRECTOR	2.50	Director	$0	$0	$0
LINDA RHODES-PAULY	DIRECTOR	2.50	Director	$0	$0	$0
EDY STOUGHTON	SECRETARY	2.50	Officer Director	$0	$0	$0
DAVID HARNETT	TREASURER	2.50	Officer Director	$0	$0	$0
KAY FLAVIN	VICE PRESIDENT	2.50	Officer Director	$0	$0	$0
JOANNE ROBINSON	PRESIDENT	2.50	Officer Director	$0	$0	$0
BARBARA WOODWARD-BOONSTRA	EXECUTIVE DIRECTOR	20.00	Officer	$68,241	$2,617	$112,683

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
2024	No data	No data	No data	No data
2023	$2,586,180	$2,636,506	$1,160,128	$-50,326
2022	$1,394,427	$1,694,554	$1,566,650	$-300,127
2021	$1,392,455	$1,353,087	$1,720,873	$39,368
2020	$1,385,095	$1,380,233	$1,620,579	$4,862
2019	$1,532,529	$1,436,731	$1,717,151	$95,798

PERRY FARM DEVELOPMENT CO