Centennial Housing Corporation (EIN 431448868) - 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

1986

Legal Domicile

Principal Officer

Rev Derrick Perkins

Phone

3145530550

Tax Period

2022-07-01 to 2023-06-30

Centennial Housing Corporation, founded in 1986, is a small nonprofit in the Housing & Shelter sector that reported $853K in total revenue in fiscal year 2022. Expenses of $781K left a modest 9% surplus.

Mission

To provide elderly persons and individuals with disabilities housing facilities and services specifically designed to meet their physical, social and psychological needs, and to promote their health, security, happiness and usefulness in longer living, the charges for such facilities and services to be predicated upon the provision, maintenance and operation thereof on a nonprofit basis.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $843,202

Investment Income $7,142

Other Revenue $3,042

TOTAL REVENUE $853,386

Expense Breakdown

Grants Paid $0

Salaries & Benefits $279,852

Fundraising Expenses $0

Program Expenses $564,688

Other Expenses $500,669

TOTAL EXPENSES $780,521

Year-over-Year Comparison

	2022	2021	Change
Revenue	$853,386	$800,072	+0.1%
Expenses	$780,521	$794,514	0.0%
Net Income	$72,865	$5,558	+12.1%

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
Rev Derrick L Perkins	President	1.00	Officer Director	$0	$0	$0
Richard King	Vice President	1.00	Officer Director	$0	$0	$0
Harold Palmer Sr	Secretary	1.00	Officer Director	$0	$0	$0
Katrude D Palmer	Treasurer	1.00	Officer Director	$0	$0	$0
Phillip A White	Member	0.50	Director	$0	$0	$0
Kevin Bailey	Memeber	0.50	Director	$0	$0	$0
Sherrill Jackson	Member	0.50	Director	$0	$0	$0
Rev Chaz Jacques	Member	0.50	Director	$0	$0	$0
Justin Strayhorn	Member	0.50	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$853,386	$780,521	$1,833,155	$72,865
2022	$800,072	$794,514	$1,821,187	$5,558
2021	$802,015	$782,776	$1,940,980	$19,239
2020	$804,640	$772,314	$2,002,228	$32,326
2019	$798,877	$753,164	$2,133,783	$45,713

Centennial Housing Corporation