PARADISE HAVEN HOMES LTD (EIN 363621928) - 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

1993

Legal Domicile

Principal Officer

JOHN E TAYLOR

Phone

7084444942

Tax Period

2022-08-01 to 2023-07-31

PARADISE HAVEN HOMES LTD, founded in 1993, is a small nonprofit in the Human Services sector that reported $895K in total revenue in fiscal year 2022. Revenue decreased 5% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 27% operating deficit.

Mission

PROVISION OF AFFORDABLE HOUSING FOR ELIGIBLE LOW-INCOME TENANTS.

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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 $0

Program Service Revenue $894,973

Investment Income $38

Other Revenue $0

TOTAL REVENUE $895,011

Expense Breakdown

Grants Paid $0

Salaries & Benefits $219,148

Fundraising Expenses $0

Program Expenses $1,139,375

Other Expenses $920,227

TOTAL EXPENSES $1,139,375

Year-over-Year Comparison

	2022	2021	Change
Revenue	$895,011	$944,528	-0.1%
Expenses	$1,139,375	$1,039,398	+0.1%
Net Income	$-244,364	$-94,870	+1.6%

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

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
JOHN E TAYLOR	President	2.00	Officer Director	$0	$0	$0
ANTONIO L WATSON	Secretary	2.00	Officer Director	$0	$0	$0
JAMES H IRWIN	Vice President	2.00	Officer Director	$0	$0	$0
JESSE BURNS	Director	2.00	Director	$0	$0	$0
MAMIE PACE	Director	2.00	Director	$0	$0	$0
EDDIE JOHNSON	Director	2.00	Director	$0	$0	$0
EDWARD SHEPHERD	Director	2.00	Director	$0	$0	$0
AMELIA DAWKINS	Director	2.00	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
2023	$895,011	$1,139,375	$1,504,159	$-244,364
2022	$944,528	$1,039,398	$1,571,839	$-94,870
2021	$903,404	$870,617	$1,596,396	$32,787
2020	$872,554	$956,283	$1,581,045	$-83,729

PARADISE HAVEN HOMES LTD