PROGRESSIVE HOUSING PARTNERS INC C/O HERITAGE HOUSING PARTNERS CORP (EIN 522150802) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

DERWARD BROOKS

Phone

4435187685

Tax Period

2023-01-01 to 2023-12-31

PROGRESSIVE HOUSING PARTNERS INC C/O HERITAGE HOUSING PARTNERS CORP, founded in 1999, is a micro nonprofit in the Housing & Shelter sector that reported $46K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $79K exceeded revenue, resulting in a 69% operating deficit.

Mission

PROVIDE HOUSING ASSISTED UNITS TO MENTALLY CHALLENGED AND DEVELOPMENTALLY DISABLED PERSONS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $46,309

Investment Income $178

Other Revenue $0

TOTAL REVENUE $46,487

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,503

Fundraising Expenses $0

Program Expenses $63,877

Other Expenses $74,037

TOTAL EXPENSES $78,540

Year-over-Year Comparison

	2023	2022	Change
Revenue	$46,487	$53,816	-0.1%
Expenses	$78,540	$80,966	0.0%
Net Income	$-32,053	$-27,150	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
SANDRA CORBIN	PRESIDENT	0.25	Officer Director	$0	$0	$0
PAMELA PINKETT	VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
SHAUN EDDY	SECRETARY	0.25	Officer Director	$0	$0	$0
DERWARD BROOKS	TREASURER	0.25	Officer Director	$0	$0	$0
JAN BARANCZAK	BOARD MEMBER	0.25	Director	$0	$0	$0
JOHN BLAKE	BOARD MEMBER UNTIL 6/23	0.25	Director	$0	$0	$0
MIKE CALLISON	BOARD MEMBER UNTIL 7/23	0.25	Director	$0	$0	$0
AUREEN DULLA	BOARD MEMBER UNTIL 7/23	0.25	Director	$0	$0	$0
PATRICK LLOYD	BOARD MEMBER	0.25	Director	$0	$0	$0
EDWARD PLITT	BOARD MEMBER	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
2024	No data	No data	No data	No data
2023	$46,487	$78,540	$287,046	$-32,053
2022	$53,816	$80,966	$323,458	$-27,150
2021	$60,463	$79,265	$347,743	$-18,802
2020	$61,175	$84,516	$375,406	$-23,341
2019	$65,102	$87,025	$389,248	$-21,923
2018	$64,633	$84,033	$410,659	$-19,400

PROGRESSIVE HOUSING PARTNERS INC C/O HERITAGE HOUSING PARTNERS CORP