PARADE PARK HOMES INC (EIN 440662014) - 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

1962

Legal Domicile

Principal Officer

HARIETTA HARRIS

Phone

8164213367

Tax Period

2021-01-01 to 2021-12-31

PARADE PARK HOMES INC, founded in 1962, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2021. Revenue decreased 7% compared to the prior year. Expenses of $2.3M exceeded revenue, resulting in a 10% operating deficit.

Mission

Provide affordable housing for individuals and families that meet the guidelines set forth by the US Department of Housig and Urban Development

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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 (2021)

Revenue Breakdown

Contributions & Grants $56,805

Program Service Revenue $1,992,291

Investment Income $1,779

Other Revenue $0

TOTAL REVENUE $2,050,875

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,898,751

Other Expenses $2,261,646

TOTAL EXPENSES $2,261,646

Year-over-Year Comparison

	2021	2020	Change
Revenue	$2,050,875	$2,204,601	-0.1%
Expenses	$2,261,646	$2,340,014	0.0%
Net Income	$-210,771	$-135,413	+0.6%

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

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
HARIETTA HARRIS	PRESIDENT	005.00	Officer Director	$0	$0	$0
DIANE BRATTON	VICE PRESIDENT	005.00	Officer Director	$0	$0	$0
JOHN JACKSON	TREASURER	005.00	Officer Director	$0	$0	$0
BARBARA LANE	SECRETARY	005.00	Officer Director	$0	$0	$0
DON WILLIAMS	DIRECTOR	005.00	Director	$0	$0	$0
GWENETTA WILSON	DIRECTOR	005.00	Director	$0	$0	$0
MYRTLE BAILEY	DIRECTOR	005.00	Director	$0	$0	$0
GLENDA BUSHNELL	DIRECTOR	005.00	Director	$0	$0	$0
DONALD JONES JR	DIRECTOR	005.00	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
2021	$2,050,875	$2,261,646	$5,074,774	$-210,771
2020	$2,204,601	$2,340,014	$5,438,687	$-135,413
2019	$2,221,223	$2,190,065	$5,727,973	$31,158

PARADE PARK HOMES INC