PALMETTO COMMUNITY HOPE FOUNDATION

EIN: 570981741 501(c)(3) Housing & Shelter

COLUMBUS, OH

Total Revenue
$390
Total Expenses
$31,943
Total Assets
$541,930
Net Assets
$-50,464
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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
1993
Legal Domicile
SC
Principal Officer
STEVEN BOONE
Phone
6149422020
Tax Period
2024-07-01 to 2025-06-30

PALMETTO COMMUNITY HOPE FOUNDATION, founded in 1993, is a micro nonprofit in the Housing & Shelter sector that reported $390 in total revenue in fiscal year 2024. Expenses of $32K exceeded revenue, resulting in a 8091% operating deficit.

Mission

LOW INCOME HOUSING

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $390
Investment Income $0
Other Revenue $0
TOTAL REVENUE $390

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $26,815
Other Expenses $31,943
TOTAL EXPENSES $31,943

Year-over-Year Comparison

2024 2023 Change
Revenue $390 $-380,671 -1.0%
Expenses $31,943 $3,111 +9.3%
Net Income $-31,553 $-383,782 -0.9%
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
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
2
$18,000
Total Directors
2
$6,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN J BOONE TRUSTEE 1.00
Director
$0 $0 $0
PETER CONLON TRUSTEE 1.00
Officer Director
$0 $0 $6,000
ANTHONY CASTRANOVA PRESIDENT 1.00
Officer
$0 $0 $12,000
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
2025 $390 $31,943 $541,930 $-31,553
2024 $-380,671 $3,111 $1,485,642 $-383,782
2023 $27,042 $3,434 $2,521,569 $23,608
2022 $19,106 $5,575 $1,423,352 $13,531
2021 $18,352 $4,331 $1,415,406 $14,021
2020 $16,739 $5,051 $1,403,267 $11,688
2019 $16,335 $2,830 $1,404,520 $13,505
2018 $20,709 $8,289 $1,409,894 $12,420
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