QUEEN CITY HOUSING ASSOCIATION (EIN 510192341) - 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

1974

Legal Domicile

Principal Officer

MARTIN FERDIG

Tax Period

2023-01-01 to 2023-12-31

QUEEN CITY HOUSING ASSOCIATION, founded in 1974, is a micro nonprofit that reported $63K in total revenue in fiscal year 2023. Expenses of $75K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PROVIDE LOW COST HOUSING

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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 $62,914

Investment Income $123

Other Revenue $0

TOTAL REVENUE $63,037

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $67,767

Other Expenses $75,436

TOTAL EXPENSES $75,436

Year-over-Year Comparison

	2023	2022	Change
Revenue	$63,037	$62,270	+0.0%
Expenses	$75,436	$63,494	+0.2%
Net Income	$-12,399	$-1,224	+9.1%

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	Role	Reportable Comp	Other Comp	Total
DOUG WATT	BOARD MEMBER	Director	$0	$0	$0
JEREMY LEFFLER	BOARD MEMBER	Director	$0	$0	$0
TAMMY VEACH	BOARD MEMBER	Director	$0	$0	$0
DOREEN RUSSELL	BOARD MEMBER	Director	$0	$0	$0
MARTIN FERDIG	PRESIDENT	Officer	$0	$0	$0
CLARABELLE SCHMITTER	SECRETARY	Officer	$0	$0	$0
MARY KAY MCCLELLAN	VICE PRESIDENT	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
2024	No data	No data	No data	No data
2023	$63,037	$75,436	$865,453	$-12,399
2022	$62,270	$63,494	$868,473	$-1,224
2021	$62,988	$57,219	$868,518	$5,769
2020	$62,994	$43,793	$825,384	$19,201

QUEEN CITY HOUSING ASSOCIATION