PILGRIM-OEDC DEVELOPMENT CORP (EIN 470842571) - 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

2001

Legal Domicile

Principal Officer

TRACEY NEWBY

Phone

4023462300

Tax Period

2024-10-01 to 2025-09-30

PILGRIM-OEDC DEVELOPMENT CORP, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $247K in total revenue in fiscal year 2024.

Mission

PROVIDE HOUSING TO LOW-INCOME ELDERLY PERSONS WITH THE ASSISTANCE OF SECTION 8 HOUSING SUBSIDIES.

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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 $0

Program Service Revenue $242,167

Investment Income $1,554

Other Revenue $3,133

TOTAL REVENUE $246,854

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,679

Fundraising Expenses $0

Program Expenses $213,595

Other Expenses $230,687

TOTAL EXPENSES $248,366

Year-over-Year Comparison

	2024	2023	Change
Revenue	$246,854	$241,964	+0.0%
Expenses	$248,366	$269,494	-0.1%
Net Income	$-1,512	$-27,530	-0.9%

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

$225,143

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACEY NEWBY	TREASURER	1.00	Officer Director	$0	$0	$0
NEGIL MC PHERSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
PATRICIA TOOLES	DIRECTOR	1.00	Director	$0	$0	$0
MATHIA SANDERS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CEDRIC PERKINS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MARONEY	DIRECTOR	1.00	Director	$0	$30,828	$225,143
GENEVA LOPEZ	SECRETARY	1.00	Officer 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	$246,854	$248,366	$413,746	$-1,512
2024	$241,964	$269,494	$421,183	$-27,530
2023	$152,977	$239,923	$452,199	$-86,946
2022	$150,459	$230,341	$520,662	$-79,882
2021	$144,569	$191,769	$593,994	$-47,200
2020	$168,548	$195,430	$637,384	$-26,882
2019	$137,258	$180,658	$673,008	$-43,400
2018	$118,832	$186,646	$724,383	$-67,814

PILGRIM-OEDC DEVELOPMENT CORP