Tongore Pines 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

1997

Legal Domicile

Principal Officer

Richard Heese

Phone

8453312140

Tax Period

2024-07-01 to 2025-06-30

Tongore Pines Housing Development Fund Company Inc, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $275K in total revenue in fiscal year 2024. Expenses of $303K exceeded revenue, resulting in a 10% operating deficit.

Mission

To provide low income housing for low income senior citizens or disabled people.

Program Service Accomplishments

Program 1

Expenses: $228,285 Revenue: $273,833

Provide low income housing for low income senior citizens or disabled people.

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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 $0

Program Service Revenue $271,912

Investment Income $754

Other Revenue $1,921

TOTAL REVENUE $274,587

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,815

Fundraising Expenses $0

Program Expenses $228,285

Other Expenses $264,737

TOTAL EXPENSES $302,552

Year-over-Year Comparison

	2024	2023	Change
Revenue	$274,587	$276,633	0.0%
Expenses	$302,552	$310,415	0.0%
Net Income	$-27,965	$-33,782	-0.2%

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
Domenick Covello	Director	1.00	Director	$0	$0	$0
Thomas A Collins CCIM	Director	1.00	Director	$0	$0	$0
Berndt Leifeld	Director	1.00	Director	$0	$0	$0
Vincent Bruck	Vice President	1.00	Officer Director	$0	$0	$0
Christopher Marx	Secretary	1.00	Officer Director	$0	$0	$0
Richard Heese	President	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
2025	$274,587	$302,552	$963,803	$-27,965
2024	$276,633	$310,415	$994,432	$-33,782
2023	$199,986	$230,706	$1,042,478	$-30,720
2022	$192,733	$205,171	$1,014,124	$-12,438
2021	$153,374	$192,060	$1,020,091	$-38,686
2020	$138,388	$187,929	$1,056,488	$-49,541
2019	$136,094	$195,099	$1,110,131	$-59,005

Tongore Pines Housing Development Fund Company Inc