PARC DEVELOPMENTAL HOMES INC

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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

1986

Legal Domicile

Principal Officer

Julia Kim Cornwell

Phone

3096913800

Tax Period

2024-07-01 to 2025-06-30

PARC DEVELOPMENTAL HOMES INC, founded in 1986, is a small nonprofit in the Housing & Shelter sector that reported $388K in total revenue in fiscal year 2024. Expenses of $367K left a modest 5% surplus.

Mission

Provide housing for individuals with intellectual and developmental disabilities.

Program Service Accomplishments

Program 1

Expenses: $320,457 Revenue: $387,869

Parc Development Homes was established according to the requirements of the U.S. Department of HUD. The corporation operates four buildings (40 units) funded through a HUD 202 mortgage and a Section...

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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 $0

Program Service Revenue $387,869

Investment Income $122

Other Revenue $0

TOTAL REVENUE $387,991

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $320,457

Other Expenses $366,896

TOTAL EXPENSES $366,896

Year-over-Year Comparison

	2024	2023	Change
Revenue	$387,991	$370,754	+0.0%
Expenses	$366,896	$349,136	+0.1%
Net Income	$21,095	$21,618	0.0%

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

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
Tim Prunty	President	1	Officer Director	$0	$0	$0
Chris Broadhurst	Secretary/Treasurer	1	Officer Director	$0	$0	$0
Kyle Grafford	Director	1	Director	$0	$0	$0
Laura Sniff	Director	1	Director	$0	$0	$0
Joe Corrigan	Vice President	1	Officer Director	$0	$0	$0
Kevin Nowlan	Director	1	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	$387,991	$366,896	$648,726	$21,095
2024	$370,754	$349,136	$669,686	$21,618
2023	$356,043	$343,169	$666,636	$12,874
2022	$341,338	$333,614	$677,254	$7,724
2021	$341,979	$336,279	$706,031	$5,700
2020	$332,744	$324,949	$725,443	$7,795
2019	$334,442	$332,807	$741,219	$1,635