PRICHARD HOUSING & DEVELOPMENT COR… - Form 990 Financial Data

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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

2015

Legal Domicile

Principal Officer

MARSHALL HUNT

Phone

2514563324

Tax Period

2024-07-01 to 2025-06-30

PRICHARD HOUSING & DEVELOPMENT CORPORATION, founded in 2015, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2024. Expenses of $3.0M exceeded revenue, resulting in a 50% operating deficit.

Mission

THE MISSION IS TO ENGAGE IN THE LEASING, MAINTAINING AND OPERATION OF AFFORDABLE LOW INCOME AND PUBLIC HOUSING UNITS IN PRICHARD, ALABAMA.

Program Service Accomplishments

Program 1

TO ENGAGE IN THE LEASING, MAINTENANCE AND OPERATION OF AFFORDABLE LOW INCOME AND PUBLIC HOUSING UNITS IN PRICHARD, ALABAMA.

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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 $1,967,120

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,967,120

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,957,417

Other Expenses $2,957,417

TOTAL EXPENSES $2,957,417

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,967,120	N/A	N/A
Expenses	$2,957,417	N/A	N/A
Net Income	$-990,297	N/A	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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOYCE HOBDY	COMMISSIONER	1.00	Director	$0	$0	$0
BENNIE MCCONNELL	COMMISSIONER	1.00	Director	$0	$0	$0
CHARLES PHARR	COMMISSIONER	1.00	Director	$0	$0	$0
MARSHALL HUNT	CHAIRPERSON	1.00	Officer	$0	$0	$0
KIMBERLY LEVINGSTON	SECRETARY	10.00	Officer	$0	$0	$0
JIMMIE WOODS	VICE CHAIR	1.00	Officer	$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	$1,967,120	$2,957,417	$13,087,720	$-990,297

PRICHARD HOUSING & DEVELOPMENT CORPORATION