SAINT ALBAN'S HOUSING CORPORATION … - 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

1980

Legal Domicile

Principal Officer

RICHARD JUERGENS

Phone

3019418040

Tax Period

2023-01-01 to 2023-12-31

SAINT ALBAN'S HOUSING CORPORATION C/O QUANTUM REAL ESTATE MANAGEMENT LLC, founded in 1980, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023.

Mission

TO PROVIDE A RENTAL PROPERTY UNDER SECTION 207/223(F) OF THE NATIONAL HOUSING ACT FOR THE USE OF LOW INCOME INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $1,453,889 Revenue: $1,515,680

IN 2023, THE ORGANIZATION PROVIDED AFFORDABLE HOUSING FACILITIES AND SERVICES TO 142 LOW INCOME ELDERLY AND HANDICAPPED PERSONS THROUGH THE USE OF 100 RENTAL HOUSING UNITS.

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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 $76,577

Program Service Revenue $1,509,027

Investment Income $767

Other Revenue $6,653

TOTAL REVENUE $1,593,024

Expense Breakdown

Grants Paid $0

Salaries & Benefits $369,292

Fundraising Expenses $0

Program Expenses $1,453,889

Other Expenses $1,176,670

TOTAL EXPENSES $1,545,962

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,593,024	$1,651,984	0.0%
Expenses	$1,545,962	$1,588,580	0.0%
Net Income	$47,062	$63,404	-0.3%

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

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
RICHARD JUERGENS	PRESIDENT	1.25	Officer Director	$0	$0	$0
JAMES MOUNTAIN	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
LYNDELL CORE	TREASURER	3.00	Officer Director	$0	$0	$0
DELORES BAISDEN	MEMBER	3.00	Director	$0	$0	$0
VIVIAN BYRLEY	MEMBER	3.00	Director	$0	$0	$0
LINDA CUMMINGS	MEMBER	3.00	Director	$0	$0	$0
JEFFERY SHANKLES	MEMBER	3.00	Director	$0	$0	$0
JOHN HORN	MEMBER	3.00	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	$1,593,024	$1,545,962	$4,671,966	$47,062
2022	$1,651,984	$1,588,580	$4,652,940	$63,404
2021	$1,567,128	$1,505,343	$3,606,507	$61,785
2020	$1,395,919	$1,485,297	$3,593,171	$-89,378
2019	$1,427,581	$1,373,861	$3,726,006	$53,720
2018	$1,343,340	$1,446,792	$3,780,593	$-103,452

SAINT ALBAN'S HOUSING CORPORATION C/O QUANTUM REAL ESTATE MANAGEMENT LLC