FLURY PLACE INC

EIN: 522140592 501(c)(3) Health Care

FREDERICK, MD

Total Revenue
$34,872
Total Expenses
$55,726
Total Assets
$465,391
Net Assets
$-162,316
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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
1999
Legal Domicile
MD
Principal Officer
KELLY SAVOCA
Phone
3016620099
Tax Period
2023-07-01 to 2024-06-30

FLURY PLACE INC, founded in 1999, is a micro nonprofit in the Health Care sector that reported $35K in total revenue in fiscal year 2023. Expenses of $56K exceeded revenue, resulting in a 60% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $29,928
Program Service Revenue $4,940
Investment Income $4
Other Revenue $0
TOTAL REVENUE $34,872

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $35,124
Other Expenses $55,726
TOTAL EXPENSES $55,726

Year-over-Year Comparison

2023 2022 Change
Revenue $34,872 $34,836 +0.0%
Expenses $55,726 $71,598 -0.2%
Net Income $-20,854 $-36,762 -0.4%
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

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Governance

Voting Members
5
Independent Members
3
Employees
N/A
Volunteers
5

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
6
$1,004,707
Total Directors
8
$1,004,707
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARAH NORMAN CHIEF, COMMUNITY DEVELOPMENT 1.00
Officer Director
$0 $31,784 $244,161
ROBERT HALL VICE PRESIDENT - THRU 04/2024 0.25
Officer Director
$0 $0 $0
JEFF RICHARDSON TREASURER - THRU 03/2024 1.00
Officer Director
$0 $61,509 $719,763
ERINN SHAW VICE-PRESIDENT 0.25
Officer Director
$0 $0 $0
MARISA PLUNK TREASURER 1.00
Officer Director
$0 $4,698 $40,783
ISSUMI YOUNG SECRETARY 0.25
Officer Director
$0 $0 $0
CLAIRE DENNIS-TUKPAH DIRECTOR - THRU 04/2024 0.25
Director
$0 $0 $0
JOHN SHIPLEY DIRECTOR 0.25
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 No data No data No data No data
2024 $34,872 $55,726 $465,391 $-20,854
2023 $34,836 $71,598 $469,668 $-36,762
2022 $35,717 $51,569 $499,852 $-15,852
2021 $37,166 $51,005 $512,970 $-13,839
2020 $38,884 $59,680 $526,585 $-20,796
2019 $38,375 $45,528 $546,997 $-7,153
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