PARK RIDGE HOUSING

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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

1995

Legal Domicile

Principal Officer

CAROL RAW

Phone

3205892004

Tax Period

2023-01-01 to 2023-12-31

PARK RIDGE HOUSING, founded in 1995, is a small nonprofit in the Unknown sector that reported $170K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $204K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PROVIDE ELDERLY AND DISABLED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING.

Program Service Accomplishments

Program 1

Expenses: $121,874 Revenue: $158,783

PARK RIDGE APARTMENTS CONSISTS OF A 20 APARTMENT HUD FACILITY. THE FACILITY PROVIDES MEDICAL, SOCIAL, AND SPIRITUAL CARE TO ITS RESIDENTS WITHOUT REGARD TO RACE, COLOR, CREED, OR NATIONAL ORIGIN, IN FURTHERANCE OF THE ORGANIZATION'S EXEMPT STATUS. DURING THE CURRENT REPORTING YEAR, THE ORGANIZATION PROVIDED HOUSING FOR MORE THAN 25 TENANTS AT THE HUD FACILITY. ALSO DURING THIS TIME PERIOD, THE ORGANIZATION EMPLOYED ABOUT .59 FULL TIME EQUIVALENT EMPLOYEES AND GROSS WAGES PAID OUT WERE MORE THAN 30,700.

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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 $158,783

Investment Income $90

Other Revenue $10,836

TOTAL REVENUE $169,709

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,481

Fundraising Expenses $0

Program Expenses $121,874

Other Expenses $172,378

TOTAL EXPENSES $203,859

Year-over-Year Comparison

	2023	2022	Change
Revenue	$169,709	$253,174	-0.3%
Expenses	$203,859	$195,318	+0.0%
Net Income	$-34,150	$57,856	-1.6%

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

$782,322

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FATHER TODD PATRICK SCHNEIDER	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER ANN GOODNOUGH	CHAIR	1.00	Director	$0	$0	$0
PATRICK GARY NELSON	VICE CHAIR	1.00	Director	$0	$0	$0
LORRAINE ANN WIESE	SECR./TRES.	1.00	Director	$0	$0	$0
DANIEL LEE DRIPPS	DIRECTOR	1.00	Director	$0	$0	$0
TAMELA JEAN SPERR	DIRECTOR	1.00	Director	$0	$0	$0
PAUL JOSEPH LETENDRE	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER JEANNE SEALES	DIRECTOR	1.00	Director	$0	$0	$0
JOAN ELLEN REICOSKY	DIRECTOR	1.00	Director	$0	$0	$0
PAUL JAMES RENTZ	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HENRY LUETMER	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY CHRIS GRAMM	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS WILLIAM EHLERS	DIRECTOR	1.00	Director	$0	$0	$0
CAROL RAW	CEO	1.00	Officer	$0	$33,130	$351,847
CURTIS BACH	CFO	0.00	Officer	$0	$0	$0
BARBARA BEACHAM	NURSE MANAGE	0.00	Highest	$0	$16,016	$118,807
JILL ARNOLD	DIRECTOR OF	0.00	Highest	$0	$20,772	$126,040
APRIL STERLING	DIRECTOR OF	0.00	Highest	$0	$22,307	$126,937
AUTUMN HERZOG	NURSING HOME	0.00	Highest	$0	$26,281	$135,912
STACY BERNARD	NH ADMINISTR	0.00	Highest	$0	$23,000	$138,645
WAGNER SHERRY	CONTROLLER I	0.00	Officer	$0	$6,837	$142,942
GERALD PIZINGER	CEO - THREE	1.00	Officer	$0	$40,031	$287,533

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	$169,709	$203,859	$961,646	$-34,150
2022	$253,174	$195,318	$911,068	$57,856
2021	$153,309	$183,924	$826,258	$-30,615
2020	$161,949	$184,085	$948,030	$-22,136
2019	$154,141	$160,802	$894,396	$-6,661
2018	$138,454	$165,838	$881,086	$-27,384