ST PIUS X HOUSING INC

EIN: 581443036 501(c)(3)

GREENSBORO, NC

Total Revenue
$567,466
Total Expenses
$522,502
Total Assets
$1,380,844
Net Assets
$-1,316,545
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
NC
Principal Officer
KEVIN M BARTH
Phone
3367650424
Tax Period
2024-01-01 to 2024-12-31

ST PIUS X HOUSING INC, founded in 1984, is a small nonprofit that reported $567K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $523K left a modest 8% surplus.

Mission

THE ORGANIZATION WAS FORMED AS A NON-PROFIT CORPORATION UNDER THE LAWS OF THE STATE OF NORTH CAROLINA FOR THE PURPOSE OF CONSTRUCTING AND OPERATING TWO RENTAL HOUSING PROJECTS (DOLAN MANOR I A 30 UNIT APARTMENT COMMUNITY AND DOLAN MANOR II A 24 UNIT APARTMENT COMMUNITY) UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS. OCCUPANCY IS RESTRICTED BY HUD TO VERY LOW-INCOME HOUSEHOLDS WITH AT LEAST ONE-PERSON 62 YEARS OF AGE OR OLDER. A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD UNDER ASSISTANCE PAYMENTS CONTRACTS. FINANCING HAS BEEN PROVIDED BY A HUD INSURED LOAN UNDER SECTION 207 PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT AND A SECTION 202 CAPITAL ADVANCE.

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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 $373,500
Program Service Revenue $195,441
Investment Income $-1,475
Other Revenue $0
TOTAL REVENUE $567,466

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $462,323
Other Expenses $522,502
TOTAL EXPENSES $522,502

Year-over-Year Comparison

2024 2023 Change
Revenue $567,466 $523,067 +0.1%
Expenses $522,502 $512,528 +0.0%
Net Income $44,964 $10,539 +3.3%
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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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN M BARTH CHAIRMAN N/A
Officer Director
$0 $0 $0
AMANADA CROMARTIE TREASURER N/A
Officer Director
$0 $0 $0
JAY GYURE VICE PRESIDE N/A
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
2024 $567,466 $522,502 $1,380,844 $44,964
2023 $523,067 $512,528 $1,357,041 $10,539
2022 $496,269 $473,529 $1,418,290 $22,740
2021 $436,295 $467,742 $1,350,545 $-31,447
2020 $424,068 $435,201 $1,396,181 $-11,133
2019 $416,349 $445,606 $1,415,544 $-29,257
2018 $415,351 $429,491 $1,522,183 $-14,140
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