PROGRESSIVE BAPTIST CHURCH HOUSING FOUNDATION INC (EIN 363025975) - 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

1978

Legal Domicile

Principal Officer

JOHN STANSBERRY

Phone

7733733700

Tax Period

2024-01-01 to 2024-12-31

PROGRESSIVE BAPTIST CHURCH HOUSING FOUNDATION INC, founded in 1978, is a community nonprofit in the Housing & Shelter sector that reported $2.6M in total revenue in fiscal year 2024. Expenses of $2.5M left a modest 5% surplus.

Mission

OPERATION OF A SECTION 8 RESIDENTAL APARTMENT BUILDING

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,158,960

Program Service Revenue $460,769

Investment Income $28,275

Other Revenue $0

TOTAL REVENUE $2,648,004

Expense Breakdown

Grants Paid $0

Salaries & Benefits $812,154

Fundraising Expenses $0

Program Expenses $2,253,548

Other Expenses $1,704,947

TOTAL EXPENSES $2,517,101

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,648,004	$2,455,329	+0.1%
Expenses	$2,517,101	$2,268,264	+0.1%
Net Income	$130,903	$187,065	-0.3%

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

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
ADONICA COX	BOARD MEMBER	N/A	Director	$0	$0	$0
DARRYL HOLLOWAY	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
DARIUS JEFFERSON	BAORD MEMBER	N/A	Director	$0	$0	$0
BRENDA OWENS	BOARD MEMBER	N/A	Director	$0	$0	$0
ANGELITA POWELL	BAORD MEMBER	N/A	Director	$0	$0	$0
JUANITA SIMMONS	BOARD MEMBER	N/A	Director	$0	$0	$0
JOHN STANSBERRY	PRESIDENT	N/A	Officer Director	$0	$0	$0
VERONICA JONES-EDWARDS	SECRETARY	N/A	Officer	$0	$0	$0
GLADYS ROBINSON	TREASURER	N/A	Officer	$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	$2,648,004	$2,517,101	$5,452,278	$130,903
2023	$2,455,329	$2,268,264	$5,495,054	$187,065
2022	$2,317,607	$2,096,244	$5,553,851	$221,363
2021	$2,258,093	$1,981,726	$5,498,340	$276,367
2020	$179,723	No data	$5,414,391	No data
2019	$41,422	No data	$5,245,251	No data
2018	$-83,871	No data	$5,397,883	No data

PROGRESSIVE BAPTIST CHURCH HOUSING FOUNDATION INC