ST PAUL HOUSING DEVELOPMENT CORP (EIN 391632486) - 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

1992

Legal Domicile

Principal Officer

BISHOP LAWRENCE J KIRBY

Phone

2626327578

Tax Period

2023-01-01 to 2023-12-31

ST PAUL HOUSING DEVELOPMENT CORP, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $377K in total revenue in fiscal year 2023. Expenses of $349K left a modest 7% surplus.

Mission

TO PROVIDE SAFE AND AFFORDABLE HOUSING TO ELDERLY, HANDICAPPED AND DISABLED LOW TO MODERATE INCOME FAMILIES IN RACINE.

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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 $368,951

Investment Income $45

Other Revenue $7,844

TOTAL REVENUE $376,840

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $237,455

Other Expenses $348,926

TOTAL EXPENSES $348,926

Year-over-Year Comparison

	2023	2022	Change
Revenue	$376,840	$365,652	+0.0%
Expenses	$348,926	$342,815	+0.0%
Net Income	$27,914	$22,837	+0.2%

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
ALMA ALLEN	DIRECTOR	N/A	Director	$0	$0	$0
IODEIOUS BARKER	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
MINNIE BRYE	TREASURER	N/A	Officer Director	$0	$0	$0
BEVERLY HICKS	SECRETARY	N/A	Officer Director	$0	$0	$0
BISHOP LAWRENCE J KIRBY	PRESIDENT	N/A	Officer Director	$0	$0	$0
DONALD YOUNG	DIRECTOR	N/A	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
2024	No data	No data	No data	No data
2023	$376,840	$348,926	$335,340	$27,914
2022	$365,652	$342,815	$331,117	$22,837
2021	$347,174	$325,437	$323,782	$21,737
2020	$346,319	$333,353	$433,136	$12,966
2019	$322,480	$356,427	$438,214	$-33,947
2018	$320,841	$425,657	$499,874	$-104,816

ST PAUL HOUSING DEVELOPMENT CORP