PANOLA HEIGHTS HOUSING DEVELOPMENT CORPORATION

EIN: 560988706 501(c)(3) Human Services

TARBORO, NC

Total Revenue
$375,525
Total Expenses
$458,282
Total Assets
$1,522,206
Net Assets
$-1,354,344
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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
NC
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.

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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%)

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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

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
2

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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
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
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