Providence Union Park Housing Development Fund Company Inc (EIN 550854904) - 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

2003

Legal Domicile

Principal Officer

Dan Sturgis

Phone

5855299555

Tax Period

2024-01-01 to 2024-12-31

Providence Union Park Housing Development Fund Company Inc, founded in 2003, is a small nonprofit that reported $458K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $578K exceeded revenue, resulting in a 26% operating deficit.

Mission

Operating a 50-unit low-income housing project for seniors, located in North Chili, New York.

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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 $0

Program Service Revenue $455,489

Investment Income $233

Other Revenue $2,156

TOTAL REVENUE $457,878

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $475,713

Other Expenses $577,838

TOTAL EXPENSES $577,838

Year-over-Year Comparison

	2024	2023	Change
Revenue	$457,878	$413,204	+0.1%
Expenses	$577,838	$566,384	+0.0%
Net Income	$-119,960	$-153,180	-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

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

$389,787

Total Directors

$389,787

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Greisberger	President	0.10	Officer Director	$0	$2,608	$68,690
Roger W Brandt	Vice President	0.10	Officer Director	$0	$0	$0
Dan Sturgis	Treasurer	0.10	Officer Director	$0	$5,955	$161,123
Helen Bianchi	Secretary	0.10	Officer Director	$0	$15,549	$159,974

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	$457,878	$577,838	$2,464,894	$-119,960
2023	$413,204	$566,384	$2,582,525	$-153,180
2022	$375,890	$543,659	$2,743,089	$-167,769
2021	$365,555	$521,007	$2,944,175	$-155,452
2020	$354,522	$487,878	$3,087,558	$-133,356

Providence Union Park Housing Development Fund Company Inc