PALADIN DEVELOPMENT

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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

2014

Legal Domicile

Principal Officer

DARREN BURROUGHS

Phone

7172326781

Tax Period

2023-01-01 to 2023-12-31

Mission

DEVELOPMENT AND MANAGEMENT OF AFFORDABLE HOUSING IN THE CITY OF HARRISBURG PENNSYLVANIA, INCLUDING BUT NOT LIMITED TO LOW INCOME HOUSING TAX CREDIT PROJECTS.

Program Service Accomplishments

Program 1

Expenses: $3,376

DURING 2017, PALADIN INCREASED INVOLVEMENT IN ITS MISSION-STATED OBJECTIVE OF DEVELOPING AFFORDABLE HOUSING. THE HARRISBURG HOUSING AUTHORITY, OPERATING THROUGH PALADIN AS ITS AFFILIATE, INFUSED...

DURING 2017, PALADIN INCREASED INVOLVEMENT IN ITS MISSION-STATED OBJECTIVE OF DEVELOPING AFFORDABLE HOUSING. THE HARRISBURG HOUSING AUTHORITY, OPERATING THROUGH PALADIN AS ITS AFFILIATE, INFUSED PALADIN WITH REIMBERSED FUNDS DERIVED FROM THE FIRST MULBERRY PROJECT CURRENTLY UNDERWAY. THE FIRST MULBERRY PROJECT INVOLVES THE DEVELOPMENT OF THREE AFFORDABLE HOUSING BUILDINGS IN THE ALLISON HILL NEIGHBORHOOD OF HARRISBURG, PA. PALADIN IS THE CO-OWNER AND NON-PROFIT PARNTER IN THIS ENDEAVOR, AND WILL ULTIMATELY MANAGE THE THREE BUILDINGS CURRENTLY UNDER DEVELOPMENT AFTER A PRE- DETERMINED PERIOD. CONTINUED ON SCHEDULE O

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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 $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,376

Other Expenses $3,376

TOTAL EXPENSES $3,376

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	N/A	N/A
Expenses	$3,376	$12,571	-0.7%
Net Income	N/A	$-12,571	N/A

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

$157,470

Total Directors

$176,328

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SENGHOR MANNS	DIRECTOR	1.00	Director	$0	$0	$176,328
DARREN BURROUGHS	PRESIDENT	4.00	Officer	$0	$0	$157,470

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
2023	No data	$3,376	$597,600	No data
2022	No data	$12,571	$601,214	No data
2021	No data	$24,873	$613,836	No data
2020	No data	$13,526	$617,735	No data
2019	No data	$15,146	$631,316	No data
2018	No data	$336,127	$647,235	No data