SECOND SAINT ALBAN'S HOUSING CORPORATION C/O QUANTUM REAL ESTATE MANAGEMENT LLC (EIN 541623171) - 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

1992

Legal Domicile

Principal Officer

RICHARD JUERGENS

Phone

3019418040

Tax Period

2023-01-01 to 2023-12-31

SECOND SAINT ALBAN'S HOUSING CORPORATION C/O QUANTUM REAL ESTATE MANAGEMENT LLC, founded in 1992, is a small nonprofit that reported $648K in total revenue in fiscal year 2023. Expenses of $602K left a modest 7% surplus.

Mission

TO PROVIDE LOW-INCOME ELDERLY AND HANDICAPPED PERSONS WITH AFFORDABLE HOUSING.

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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 $0

Program Service Revenue $640,926

Investment Income $4,458

Other Revenue $2,163

TOTAL REVENUE $647,547

Expense Breakdown

Grants Paid $0

Salaries & Benefits $100,705

Fundraising Expenses $0

Program Expenses $555,534

Other Expenses $501,189

TOTAL EXPENSES $601,894

Year-over-Year Comparison

	2023	2022	Change
Revenue	$647,547	$624,135	+0.0%
Expenses	$601,894	$584,291	+0.0%
Net Income	$45,653	$39,844	+0.1%

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	1.00	Officer Director	$0	$0	$0
LYNDELL CORE	TREASURER	1.00	Officer Director	$0	$0	$0
DELORES BAISDEN	MEMBER	1.00	Director	$0	$0	$0
VIVIAN BYRLEY	MEMBER	1.00	Director	$0	$0	$0
LINDA CUMMINGS	MEMBER	1.00	Director	$0	$0	$0
JEFFREY SHANKLES	MEMBER	1.00	Director	$0	$0	$0
JOHN HORN	MEMBER	1.00	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	$647,547	$601,894	$2,085,982	$45,653
2022	$624,135	$584,291	$2,079,059	$39,844
2021	$604,812	$546,208	$1,942,162	$58,604
2020	$569,005	$527,982	$1,902,676	$41,023
2019	$558,874	$557,740	$1,837,760	$1,134
2018	$569,067	$605,954	$1,867,284	$-36,887

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