PRESIDENTIAL PLACE INC C/O HANDS

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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

2005

Legal Domicile

Principal Officer

MATTHEW W GOOD

Phone

8144533333

Tax Period

2024-04-01 to 2025-03-31

PRESIDENTIAL PLACE INC C/O HANDS, founded in 2005, is a micro nonprofit in the Housing & Shelter sector that reported $79K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $94K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO PROVIDE AND MAINTAIN 8 AFFORDABLE HOMES, IN A GROUP HOME SETTING, FOR ADULTS EXPERIENCING CHRONIC MENTAL ILLNESS.

Program Service Accomplishments

Program 1

Expenses: $80,979 Revenue: $28,403

PRESIDENTIAL PLACE, INC, THROUGH ITS MANAGEMENT AGENT HOUSING AND NEIGHBORHOOD DEVELOPMENT SERVICE (HANDS) PROVIDES ATTRACTIVE AND AFFORDABLE RENTAL HOUSING TO INDIVIDUALS EXPERIENCING CHRONIC MENTAL...

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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 $49,040

Program Service Revenue $28,003

Investment Income $1,296

Other Revenue $400

TOTAL REVENUE $78,739

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $80,979

Other Expenses $93,690

TOTAL EXPENSES $93,690

Year-over-Year Comparison

	2024	2023	Change
Revenue	$78,739	$71,929	+0.1%
Expenses	$93,690	$97,493	0.0%
Net Income	$-14,951	$-25,564	-0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA GRUCZA	CHAIR	1.00	Officer Director	$0	$0	$0
JOE BLOOMSTINE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SISTER MARIANNE STUCKERT	SECRETARY	1.00	Officer Director	$0	$0	$0
CINDY K STONE	TREASURER	1.00	Officer Director	$0	$0	$0
ALMITRA CLERKIN	DIRECTOR THROUGH APR 2024	1.00	Director	$0	$0	$0
MICHELLE HARKINS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE JARUSZEWICZ	DIRECTOR	1.00	Director	$0	$0	$0
DOUG MASSEY	DIRECTOR FROM APR 2024	1.00	Director	$0	$0	$0
SHARON RICHARDSON	DIRECTOR	1.00	Director	$0	$0	$0
CECELIA SHATEM	DIRECTOR	1.00	Director	$0	$0	$0
RICK SHERBONDY	DIRECTOR FROM MAY 2024	1.00	Director	$0	$0	$0
JOHN VANTASSEL	DIRECTOR	1.00	Director	$0	$0	$0
JOHN VILLA	DIRECTOR	1.00	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
2025	$78,739	$93,690	$520,905	$-14,951
2024	$71,929	$97,493	$532,770	$-25,564
2023	$71,183	$83,510	$550,265	$-12,327
2022	$73,544	$84,069	$562,512	$-10,525
2021	$69,498	$82,324	$569,785	$-12,826
2020	$70,166	$77,957	$584,306	$-7,791
2019	$63,868	$70,796	$594,424	$-6,928