PRIME COMMUNITY HOUSING AND DEVELOPMENT CORPORATION INC (EIN 541540461) - Form 990 Financial Analysis & Trantor Score

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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

1990

Legal Domicile

Principal Officer

PATRICK WILLIAMS

Phone

4107931913

Tax Period

2024-01-01 to 2024-12-31

PRIME COMMUNITY HOUSING AND DEVELOPMENT CORPORATION INC, founded in 1990, is a small nonprofit in the Community Improvement sector that reported $652K in total revenue in fiscal year 2024. Revenue surged 180% from the prior year, signaling strong growth momentum. The organization ran a surplus of $104K, a strong 16% operating margin.

Mission

TO CREATE AFFORDABLE AND SUSTAINABLE HOUSING SOLUTIONS THAT BUILD STRONG COMMUNITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $7,560

Program Service Revenue $644,383

Investment Income $0

Other Revenue $0

TOTAL REVENUE $651,943

Expense Breakdown

Grants Paid $0

Salaries & Benefits $284,907

Fundraising Expenses $0

Program Expenses $505,687

Other Expenses $262,625

TOTAL EXPENSES $547,532

Year-over-Year Comparison

	2024	2023	Change
Revenue	$651,943	$233,027	+1.8%
Expenses	$547,532	$392,438	+0.4%
Net Income	$104,411	$-159,411	-1.7%

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

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

$76,743

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES R HENDRICKS	PRES./SEC./TREAS.	5.00	Officer Director	$0	$0	$0
ALAN YELLOWITZ	DIRECTOR	2.00	Director	$0	$0	$0
JAMIE R O'CONNOR	DIRECTOR	2.00	Director	$0	$0	$0
BETH C SILVERMAN	DIRECTOR	2.00	Director	$0	$0	$0
PATRICK WILLIAMS	EXECUTIVE DIRECTOR	40.00	Officer	$76,743	$0	$76,743

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	$651,943	$547,532	$4,771,091	$104,411
2024	$651,943	$547,532	$4,771,091	$104,411
2023	$233,027	$392,438	$1,068,746	$-159,411
2022	$32,200	$219,335	$697,855	$-187,135
2021	$315,768	$155,853	$672,010	$159,915
2020	$301,852	$130,392	$382,812	$171,460

PRIME COMMUNITY HOUSING AND DEVELOPMENT CORPORATION INC