ST CLEMENT'S NON-PROFIT HOUSING DEVELOPMENT CORPORATION (EIN 382830917) - 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

CEDRIC FLOUNORY

Phone

7345954760

Tax Period

2021-07-01 to 2022-06-30

ST CLEMENT'S NON-PROFIT HOUSING DEVELOPMENT CORPORATION, founded in 1988, is a small nonprofit that reported $489K in total revenue in fiscal year 2021. Expenses of $666K exceeded revenue, resulting in a 36% operating deficit.

Mission

TO PROVIDE LOW INCOME HOUSING FOR PERSONS WITH DISABILITIES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $385,633

Program Service Revenue $93,447

Investment Income $8,688

Other Revenue $791

TOTAL REVENUE $488,559

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,445

Fundraising Expenses $0

Program Expenses $646,440

Other Expenses $616,701

TOTAL EXPENSES $666,146

Year-over-Year Comparison

	2021	2020	Change
Revenue	$488,559	$497,067	0.0%
Expenses	$666,146	$639,013	+0.0%
Net Income	$-177,587	$-141,946	+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

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
CHARLES CROSS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CEDRIC A FLOUNORY	PRESIDENT	10.00	Officer Director	$0	$0	$0
JAMES GARRETT	TRUSTEE	1.00	Director	$0	$0	$0
MARGRET WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
LINDA CROSS	SECRETARY	5.00	Officer Director	$0	$0	$0
JEAN HARDISON	TRUSTEE	10.00	Director	$0	$0	$0
JEFFERI HOLLAND	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL SHAPIRO	OPERATIONS MANAGER	40.00	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
2022	$488,559	$666,146	$325,009	$-177,587
2021	$497,067	$639,013	$546,975	$-141,946
2020	$726,235	$646,369	$743,166	$79,866
2019	$725,150	$587,450	$776,924	$137,700
2018	$746,530	$614,649	$689,082	$131,881

ST CLEMENT'S NON-PROFIT HOUSING DEVELOPMENT CORPORATION