PROJECT HOME DEVELOPMENT CORPORATION (EIN 391947692) - 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

1998

Legal Domicile

Principal Officer

DENISE MATYKA

Phone

6082463737

Tax Period

2024-01-01 to 2024-12-31

PROJECT HOME DEVELOPMENT CORPORATION, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $477K in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $559K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO FOSTER DECENT HOUSING WHICH IS AFFORDABLE BY LOW-INCOME AND MODERATE-INCOME HOUSEHOLDS.

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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 $22,500

Program Service Revenue $453,006

Investment Income $1,810

Other Revenue $0

TOTAL REVENUE $477,316

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $428,485

Other Expenses $558,651

TOTAL EXPENSES $558,651

Year-over-Year Comparison

	2024	2023	Change
Revenue	$477,316	$598,155	-0.2%
Expenses	$558,651	$528,385	+0.1%
Net Income	$-81,335	$69,770	-2.2%

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

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

$87,550

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARYN KNAAK	PRESIDENT	1.00	Officer Director	$0	$0	$0
ADAM KLEINMAUS	VICE PRESIDENT/TREASURER	1.00	Officer Director	$0	$0	$0
RYAN ESTRELLA	SECRETARY	1.00	Officer Director	$0	$0	$0
DENISE MATYKA	EXECUTIVE DIRECTOR	2.50	Officer	$0	$5,035	$87,550

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	$477,316	$558,651	$2,132,525	$-81,335
2023	$598,155	$528,385	$2,213,650	$69,770
2022	$412,459	$511,477	$2,335,412	$-99,018
2021	$397,423	$398,663	$2,512,662	$-1,240
2020	$353,725	$356,173	$1,221,755	$-2,448
2019	$383,920	$432,682	$1,136,322	$-48,762
2018	$377,142	$509,960	$1,219,698	$-132,818

PROJECT HOME DEVELOPMENT CORPORATION