PANOLA HEIGHTS HOUSING DEVELOPMENT… - Form 990 Financial Data

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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

1969

Legal Domicile

Principal Officer

DEBORAH JORDAN

Phone

8034195102

Tax Period

2022-01-01 to 2022-12-31

PANOLA HEIGHTS HOUSING DEVELOPMENT CORPORATION, founded in 1969, is a small nonprofit in the Human Services sector that reported $376K in total revenue in fiscal year 2022. Expenses of $458K exceeded revenue, resulting in a 22% operating deficit.

Mission

TO PROVIDE SAFE AND AFFORDABLE HOUSING FOR LOW INCOME INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $421,243 Revenue: $62,990

PROVIDE SAFE AND AFFORDABLE HOUSING TO LOW INCOME AND MODERATE INCOME FAMILIES PURSUANT TO SECTION 221 (D)(3) OF THE NATIONAL HOUSING ACT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $312,158

Program Service Revenue $62,990

Investment Income $377

Other Revenue $0

TOTAL REVENUE $375,525

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $421,243

Other Expenses $458,282

TOTAL EXPENSES $458,282

Year-over-Year Comparison

	2022	2021	Change
Revenue	$375,525	$378,097	0.0%
Expenses	$458,282	$465,329	0.0%
Net Income	$-82,757	$-87,232	-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
DEBORAH JORDAN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DR FLORENCE ARMSTRONG	SECRETARY	1.00	Officer 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
2023	No data	No data	No data	No data
2022	$375,525	$458,282	$1,522,206	$-82,757
2021	$378,097	$465,329	$1,656,874	$-87,232

PANOLA HEIGHTS HOUSING DEVELOPMENT CORPORATION