PRESERVATION NON-PROFIT HOUSING CORPORATION (EIN 382822223) - 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

1988

Legal Domicile

Principal Officer

BRETT OUMEDIAN

Phone

5174828555

Tax Period

2023-01-01 to 2023-12-31

PRESERVATION NON-PROFIT HOUSING CORPORATION, founded in 1988, is a small nonprofit in the Housing & Shelter sector that reported $123K in total revenue in fiscal year 2023. Revenue fell 86% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 1471% operating deficit.

Mission

TO ENCOURAGE ECONOMIC DEVELOPMENT THAT BENEFITS DISADVANTAGED PERSONS & DISTRESSED AREAS.

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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 $0

Program Service Revenue $101,383

Investment Income $21,423

Other Revenue $0

TOTAL REVENUE $122,806

Expense Breakdown

Grants Paid $250,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,916,825

Other Expenses $1,679,551

TOTAL EXPENSES $1,929,551

Year-over-Year Comparison

	2023	2022	Change
Revenue	$122,806	$906,482	-0.9%
Expenses	$1,929,551	$1,690,358	+0.1%
Net Income	$-1,806,745	$-783,876	+1.3%

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

N/A

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

$1,756,138

Total Directors

$1,756,138

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEB TOBY	SECRETARY/TREASURER/DIRECTOR	1.00	Officer Director	$0	$32,221	$556,475
KEITH BROADNAX	VICE-CHAIR/VICE-PRESIDENT	1.00	Officer Director	$0	$33,376	$280,872
LORA BRANTLEY-GILBERT	CHAIR/VICE-PRESIDENT (PAST PRESIDENT)	1.00	Officer Director	$0	$25,938	$170,216
MIKE WITT	PRESIDENT	1.00	Officer Director	$0	$36,474	$293,848
LUCIUS VASSAR	ASSISTANT SECRETARY	1.00	Officer Director	$0	$42,377	$454,727

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	$122,806	$1,929,551	$5,216,532	$-1,806,745
2022	$906,482	$1,690,358	$6,345,597	$-783,876
2021	$1,731,142	$457,048	$7,291,616	$1,274,094
2020	$409,930	$6,758,189	$5,859,230	$-6,348,259
2019	$442,297	$8,199,354	$14,265,233	$-7,757,057
2018	$265,454	$1,119,725	$20,674,924	$-854,271

PRESERVATION NON-PROFIT HOUSING CORPORATION