QUEEN'S COURT DEVELOPMENT CORP CO ARLINGTON PTNRSHP FOR AFFORDABLE HOUSING (EIN 541782084) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

KELLY EICHHORN

Phone

7032767444

Tax Period

2019-01-01 to 2019-12-31

QUEEN'S COURT DEVELOPMENT CORP CO ARLINGTON PTNRSHP FOR AFFORDABLE HOUSING, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $439K in total revenue in fiscal year 2018. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 225% operating deficit.

Mission

TO DEVELOP, PRESERVE, AND OWN QUALITY, AFFORDABLE PLACES TO LIVE; CONTINUED ON SCHEDULE OTO PROMOTE STABILITY AND OPPORTUNITY FOR OUR RESIDENTS; AND TO ADVOCATE WITH THE PEOPLE AND COMMUNITIES WE SERVE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,618

Investment Income $15,055,033

Other Revenue $0

TOTAL REVENUE $15,058,651

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,072

Fundraising Expenses $0

Program Expenses $15,827,414

Other Expenses $15,827,892

TOTAL EXPENSES $15,830,964

Year-over-Year Comparison

	2019	2018	Change
Revenue	$15,058,651	$439,196	+33.3%
Expenses	$15,830,964	$1,428,388	+10.1%
Net Income	$-772,313	$-989,192	-0.2%

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

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

$702,173

Total Directors

$239,777

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN YAM	CHAIR	1.00	Officer Director	$0	$0	$0
SUSAN INGRAHAM BELL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
NINA JANOPAUL	PRESIDENT/CEO	1.00	Officer Director	$0	$13,277	$239,777
MATTHEW BIRENBAUM	TREASURER	1.00	Officer Director	$0	$0	$0
NANCY RASE	SECRETARY	1.00	Officer Director	$0	$0	$0
RICH JORDAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MILLIKEN	DIRECTOR	1.00	Director	$0	$0	$0
CARMEN ROMERO	VICE PRESIDENT/VP OF REAL ESTATE DEVELOPMENT	1.00	Officer	$0	$6,989	$181,712
KELLY EICHHORN	ASSISTANT TREASURER/CFO	1.00	Officer	$0	$10,404	$171,904
KIMBERLY PAINTER	ASSISTANT SECRETARY/CHIEF OF STAFF	1.00	Officer	$0	$8,580	$108,780
MICHAEL CHIAPPA	ASSOCIATE DIRECTOR OF REAL ESTATE DEVELOPMENT	1.00	Highest	$0	$10,772	$172,272
LAURA LONDON	ASSOCIATE DIRECTOR OF REAL ESTATE DEVELOPMENT	1.00	Highest	$0	$5,323	$138,403
CHERYL RAMP	DIRECTOR OF COMMUNITY RESOURCES & RELATIONS	1.00	Highest	$0	$10,831	$143,581
JOSE QUINONEZ	DIRECTOR OF COMMUNITY IMPACT	1.00	Highest	$0	$5,325	$138,462
KYLE MCCANDLESS	CONTROLLER	1.00	Highest	$0	$8,703	$120,856

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
2019	$15,058,651	$15,830,964	No data	$-772,313
2018	$439,196	$1,428,388	$783,844	$-989,192

QUEEN'S COURT DEVELOPMENT CORP CO ARLINGTON PTNRSHP FOR AFFORDABLE HOUSING