PARTNERSHIP HOMES INC

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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

1998

Legal Domicile

Principal Officer

MIKE COOKE

Phone

3367075289

Tax Period

2024-01-01 to 2024-12-31

PARTNERSHIP HOMES INC, founded in 1998, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 5% surplus.

Mission

DEVELOPMENT AND OPERATION OF AFFORDABLE HOUSING FOR FORMERLY HOMELESS INDIVIDUALS AND FAMILIES AND THOSE THREATENED WITH HOMELESSNESS.

Program Service Accomplishments

Program 1

Expenses: $69,353

DEVELOPMENT OF AFFORDABLE HOUSING FOR FORMERLY HOMELESS INDIVIDUALS AND FAMILIES AND THOSE THREATENED WITH HOMELESSNESS.

Program 2

Expenses: $162,994 Revenue: $140,511

OWN AND OPERATE A 32 UNIT APARTMENT COMPLEX FOR FORMERLY HOMELESS INDIVIDUALS KNOWN AS PARTNERSHIP VILLAGE I.

Program 3

Expenses: $112,157 Revenue: $59,640

OWN AND OPERATE A 12 UNIT APARTMENT COMPLEX FOR FORMERLY HOMELESS FAMILIES KNOWN AS PARTNERSHIP VILLAGE III.

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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 $15,000

Program Service Revenue $662,169

Investment Income $430,669

Other Revenue $4,228

TOTAL REVENUE $1,112,066

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,033,812

Other Expenses $1,061,412

TOTAL EXPENSES $1,061,412

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,112,066	$921,442	+0.2%
Expenses	$1,061,412	$1,225,536	-0.1%
Net Income	$50,654	$-304,094	-1.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE COOKE	PRESIDENT	1.00	Officer Director	$0	$0	$0
JIM CLONTZ	CHAIRMAN	30.00	Officer Director	$0	$0	$0
RAMONA CARL	SECRETARY	1.00	Officer Director	$0	$0	$0
KEITH BURRIS	TREASURER	1.00	Officer Director	$0	$0	$0
WILLIAM COOKE	BOARD MEMBER	0.50	Director	$0	$0	$0
PHIL BARBEE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARK SUMERFORD	BOARD MEMBER	0.50	Director	$0	$0	$0
DESHAWN COLBERT	BOARD MEMBER	0.50	Director	$0	$0	$0
ANGEL BAPTIST	BOARD MEMBER	0.50	Director	$0	$0	$0
ANN COMFORT	BOARD MEMBER	0.50	Director	$0	$0	$0
JOE THOMPSON	BOARD MEMBER	0.50	Director	$0	$0	$0
CRYSTAL JOHNSON	BOARD MEMBER	0.50	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	$1,112,066	$1,061,412	$6,886,370	$50,654
2023	$921,442	$1,225,536	$9,759,036	$-304,094
2022	$1,056,016	$1,223,544	$9,954,888	$-167,528
2021	$590,620	$723,961	$9,787,854	$-133,341
2020	$483,027	$633,709	$3,977,351	$-150,682
2019	$478,288	$615,056	$4,025,284	$-136,768
2018	$453,603	$574,561	$4,168,087	$-120,958