SECOND NEW ST PAUL HOUSING INC

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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

1967

Legal Domicile

Principal Officer

LEROY LARKINS

Phone

2028321111

Tax Period

2023-01-01 to 2023-12-31

SECOND NEW ST PAUL HOUSING INC, founded in 1967, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023.

Mission

TO PROVIDE SUBSIDIZED HOUSING FOR LOW INCOME, ELDERLY AND INDIVIDUALS WITH HANDICAPS.

Program Service Accomplishments

Program 1

Expenses: $993,159 Revenue: $1,118,157

PROVIDE HOUSING FACILITIES (APARTMENTS) FOR THE LOW INCOME, ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE HOUSING ACT OF 1959, WHICH IS REGULATED BY THE DEPARTMENT OF HOUSING 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 (2023)

Revenue Breakdown

Contributions & Grants $44,740

Program Service Revenue $1,126,276

Investment Income $91

Other Revenue $50

TOTAL REVENUE $1,171,157

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $993,159

Other Expenses $1,187,376

TOTAL EXPENSES $1,187,376

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,171,157	$1,141,000	+0.0%
Expenses	$1,187,376	$1,244,142	0.0%
Net Income	$-16,219	$-103,142	-0.8%

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
REV NATHANIEL BENJAMIN JR	PRESIDENT	1.00	Officer Director	$0	$0	$0
CAROLYN B MCCOLLUM	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SANDRA WRIGHT	SECRETARY	1.00	Officer Director	$0	$0	$0
LESLIE C BOURNES	EXECUTIVE SECRETARY	1.00	Officer Director	$0	$0	$0
LEROY LARKINS	TREASURER	1.00	Officer Director	$0	$0	$0
ELMER BROWN	MEMBER	1.00	Director	$0	$0	$0
POLLY BROWN	MEMBER	1.00	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
2024	No data	No data	No data	No data
2023	$1,171,157	$1,187,376	$1,178,517	$-16,219
2022	$1,141,000	$1,244,142	$1,291,615	$-103,142
2021	$1,079,067	$950,793	$1,363,409	$128,274
2020	$1,037,812	$1,072,688	$1,332,320	$-34,876
2019	$1,084,832	$1,053,395	$1,470,137	$31,437
2018	$1,063,412	$1,055,269	$1,395,517	$8,143