EBENEZER PRIMM TOWERS 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

1972

Legal Domicile

Principal Officer

REV DEBORAH SCOTT

Phone

7084444942

Tax Period

2023-07-01 to 2024-06-30

EBENEZER PRIMM TOWERS INC, founded in 1972, is a small nonprofit in the Housing & Shelter sector that reported $151K in total revenue in fiscal year 2023. Revenue fell 98% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR ELIGIBLE LOW - INCOME TENANTS

Program Service Accomplishments

Program 1

THE ORGANIZATION PROVIDES AFFORDABLE HOUSING TO ELIGIBLE LOW - INCOME TENANTS. TENANTS PAY A PORTION OF THE RENT BASED ON THEIR ABILITY TO PAY AS DETERMINED PURSUANT TO HUD GUIDELINES.IN 2022 THE...

THE ORGANIZATION PROVIDES AFFORDABLE HOUSING TO ELIGIBLE LOW - INCOME TENANTS. TENANTS PAY A PORTION OF THE RENT BASED ON THEIR ABILITY TO PAY AS DETERMINED PURSUANT TO HUD GUIDELINES.IN 2022 THE ORGANIZATION'S RENTAL PROPERTY WAS SOLD TO A LOW-INCOME HOUSING TAX CREDIT (LIHTC) LIMITED PARTNERSHIP IN ORDER TO FINANCE A COMPLETE RENOVATION. THE ORGANIZATION HAS AN INTEREST IN THE GENERAL PARTNER, EBENEZER-PRIMM LLC, WHICH HAS ELECTED TO BE TAXED AS A REGULAR C CORPORATION.THE ORGANIZATION HAS CARRIED BACK A PURCHASE MONEY NOTE FROM THE LIHTC LIMITED PARTNER IN THE AMOUNT OF $4,350,000 WHICH CARRIES INTEREST AT 3.35% COMPOUNDED ANNUALLY AND WHICH IS PAYABLE IN ACCORDANCE WITH THE TERMS OF THE NOTE. A LIQUIDITY RESERVE IN THE AMOUNT OF $500,000 IS HELD IN THE NAME OF THE ORGANIZATION UNDER THE CONTROL OF THE LIMITED PARTNERSHIP INVESTOR. THE NOTE AND THE INTEREST IN THE GENERAL PARTNER COMPRiSE ALL OF THE ORGANIZATION'S REMAINING ASSETS.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $151,252

Investment Income $0

Other Revenue $0

TOTAL REVENUE $151,252

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	$151,252	$8,348,476	-1.0%
Expenses	N/A	$98,778	-1.0%
Net Income	N/A	$8,249,698	N/A

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

N/A

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 DEBORAH SCOTT	President	1.00	Officer Director	$0	$0	$0
MONICA MARTIN	Vice President	1.00	Officer Director	$0	$0	$0
ANN WILSON	Secretary	1.00	Officer Director	$0	$0	$0
CAROLYN WHARTON	Treasurer	1.00	Officer Director	$0	$0	$0
BURVIN SAUNDERS	Director	1.00	Director	$0	$0	$0
PHOEBE BRADFORD	Director	1.00	Director	$0	$0	$0
CORNELL RICHARDSON	Director	1.00	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
2024	$151,252	No data	$5,632,501	No data
2023	$8,348,476	$98,778	$4,981,249	$8,249,698
2022	$1,298,541	$1,371,165	$3,156,402	$-72,624
2021	$1,321,208	$1,330,721	$3,411,204	$-9,513
2020	$1,198,625	$1,312,444	$3,463,382	$-113,819
2019	$1,184,023	$1,317,952	$3,701,648	$-133,929