PERRY S HALL INC

EIN: 541358850 501(c)(3) Housing & Shelter

ALEXANDRIA, VA

Total Revenue
$126,933
Total Expenses
$4,581,147
Total Assets
$4,358,025
Net Assets
$4,358,025
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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
1985
Legal Domicile
VA
Principal Officer
KAMILAH MCAFEE
Phone
7036423830
Tax Period
2023-01-01 to 2023-12-31

PERRY S HALL INC, founded in 1985, is a small nonprofit in the Housing & Shelter sector that reported $127K in total revenue in fiscal year 2023. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $4.6M exceeded revenue, resulting in a 3509% operating deficit.

Mission

TO PROVIDE THE SUBORDINATE FINANCING FOR PQ APARTMENTS, LLC (D/B/A UNION ON QUEEN), A 193-MIXED INCOME RENTAL PROJECT, LOCATED IN ARLINGTON, VIRGINIA. TO SERVE AS THE SOLE MEMBER IN WESLEY QUARRY, LLC (D/B/A QUARRY STATION APTS.), A 79-UNIT SENIOR AFFORDABLE PROJECT, LOCATED IN MANASSAS, VA.

Program Service Accomplishments

Program 1
Expenses: $4,581,147 Revenue: $0

TO PROVIDE THE SUBORDINATE FINANCING FOR PQ APARTMENTS, LLC (D/B/A UNION ON QUEEN), A 193-MIXED INCOME RENTAL PROJECT, LOCATED IN ARLINGTON, VIRGINIA. ON APRIL 20, 2017 QUARRY STATION SENIORS...

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TO PROVIDE THE SUBORDINATE FINANCING FOR PQ APARTMENTS, LLC (D/B/A UNION ON QUEEN), A 193-MIXED INCOME RENTAL PROJECT, LOCATED IN ARLINGTON, VIRGINIA. ON APRIL 20, 2017 QUARRY STATION SENIORS APARTMENTS, L.P. SOLD ALL OF ITS ASSETS TO PERRY S. HALL INC. WHICH CONSISTS OF A 79-UNIT SENIORS AFFORDABLE HOUSING PROJECT, LOCATED IN MANASSAS, VA. THESE ASSETS WERE SUBSEQUENTLY SOLD TO WESLEY QUARRY, LLC WHICH IS SOLELY OWNED AND MANAGED BY PERRY S. HALL, INC. AND ON APRIL 19, 2022, THESE ASSETS WERE SOLD TO WESLEY QUARRY STATION, LLC, FROM WHICH A SELLER LOAN IS NOW HELD.

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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 $0
Program Service Revenue $0
Investment Income $126,933
Other Revenue $0
TOTAL REVENUE $126,933

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $4,581,147
Other Expenses $4,581,147
TOTAL EXPENSES $4,581,147

Year-over-Year Comparison

2023 2022 Change
Revenue $126,933 $5,436,104 -1.0%
Expenses $4,581,147 $680,211 +5.7%
Net Income $-4,454,214 $4,755,893 -1.9%
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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Governance

Voting Members
3
Independent Members
2
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
4
$372,701
Total Directors
4
$372,701
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAMILAH MCAFEE SECRETARY 0.20
Officer Director
$0 $24,303 $292,468
KIMBERLY ARMSTRONG TREASURER 0.20
Officer Director
$0 $0 $0
MICHAEL T CRANNA PRESIDENT 0.20
Officer Director
$0 $0 $0
SHELLEY S MURPHY SECRETARY (RETIRED) 0.20
Officer Director
$0 $3,190 $80,233
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 $126,933 $4,581,147 $4,358,025 $-4,454,214
2022 $5,436,104 $680,211 $8,812,239 $4,755,893
2021 $1,072,301 $1,069,595 $7,761,195 $2,706
2020 $1,106,663 $1,154,932 $7,824,013 $-48,269
2019 $1,057,542 $1,021,201 $8,015,692 $36,341
2018 $1,056,664 $1,070,273 $8,064,253 $-13,609
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