PARC HOUSING 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

1976

Legal Domicile

Principal Officer

MICHELLE DETWEILER

Phone

7273459111

Tax Period

2024-10-01 to 2025-09-30

PARC HOUSING INC, founded in 1976, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $398K, a strong 38% operating margin.

Mission

TO PROVIDE PERSON-CENTERED, COMPREHENSIVE, INDIVIDUALIZED RESIDENTIAL SERVICES VIA PARC CENTER APARTMENTS FOR ADULTS WITH DEVELOPMENTAL DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $548,274 Revenue: $65,127

THE ORGANIZATION OPERATES A 24 UNIT RESIDENTIAL FACILITY IN PINELLAS COUNTY, FLORIDA FOR THE DEVELOPMENTALLY DISABLED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE PROGRAM, WHICH IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, PROVIDES PERSON-CENTERED, COMPREHENSIVE, INDIVIDUALIZED RESIDENTIAL SERVICES FOR ADULTS WITH DISABILITIES. THE FACILITY IS A SUPERIOR ALTERNATIVE TO STATE INSTITUTIONS.(CONTINUED ON SCHEDULE O)PARC CENTER APARTMENTS IS AN ADULT RESIDENTIAL FACILITY THAT PROVIDES 24-HOUR, NON-MEDICAL CARE FOR ADULTS OVER AGE 18, WHO ARE UNABLE TO PROVIDE FOR THEIR OWN DAILY NEEDS. THE RESIDENTS IN THIS FACILITY ARE PHYSICALLY HANDICAPPED, DEVELOPMENTALLY DISABLED, AND/OR MENTALLY DISABLED.PARC CENTER APARTMENTS AIMS TO PROVIDE A SAFE, NURTURING AND CARING ENVIRONMENT TO ITS PARTICIPANTS IN A COMMUNITY-STYLE SETTING.

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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 $986,541

Program Service Revenue $65,127

Investment Income $232

Other Revenue $0

TOTAL REVENUE $1,051,900

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,694

Fundraising Expenses $0

Program Expenses $548,274

Other Expenses $573,712

TOTAL EXPENSES $653,406

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,051,900	$1,613,147	-0.3%
Expenses	$653,406	$594,354	+0.1%
Net Income	$398,494	$1,018,793	-0.6%

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

$592,512

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL BICE	CHAIRPERSON	0.13	Officer Director	$0	$0	$0
LAURANCE MILOV	VICE CHAIRPERSON	0.13	Officer Director	$0	$0	$0
KRISTIN BELTZER	DIRECTOR	0.13	Director	$0	$0	$0
JOSEPH BLOUIN	DIRECTOR	0.13	Director	$0	$0	$0
DYLAN DINESH	DIRECTOR	0.13	Director	$0	$0	$0
EDWARD EAGER	DIRECTOR	0.13	Director	$0	$0	$0
MARCOS HASBUN	DIRECTOR	0.13	Director	$0	$0	$0
MARIA 'JENNY' HASBUN	DIRECTOR	0.13	Director	$0	$0	$0
BILL HORTON	DIRECTOR	0.13	Director	$0	$0	$0
JENI LA PAGLIA	DIRECTOR	0.13	Director	$0	$0	$0
PAUL MANFREY	DIRECTOR	0.13	Director	$0	$0	$0
JOEL MANNINGS	DIRECTOR	0.13	Director	$0	$0	$0
RONNELL MONTGOMERY	DIRECTOR	0.13	Director	$0	$0	$0
FADY SAHHAR	DIRECTOR	0.13	Director	$0	$0	$0
MIKE WHITE	DIRECTOR	0.13	Director	$0	$0	$0
MICHELLE DETWEILER	PRESIDENT & CEO	0.25	Officer	$0	$10,757	$215,473
MARK CAVANAUGH	TREASURER, EVP & CFO	1.00	Officer	$0	$20,847	$163,045
DAVID LEHMAN	VP OF OPERATIONS	4.00	Officer	$0	$10,241	$107,526
JODI SCHAD	SECRETARY	1.00	Officer	$0	$5,806	$51,023
MARION WHITE	COO	1.00	Officer	$0	$8,802	$55,445

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	$1,051,900	$653,406	$3,902,794	$398,494
2024	$1,613,147	$594,354	$3,271,521	$1,018,793
2023	$831,010	$479,173	$1,610,487	$351,837
2022	$607,993	$383,849	$1,247,222	$224,144
2021	$355,400	$393,847	$869,205	$-38,447
2020	$375,160	$395,651	$894,090	$-20,491
2019	$348,839	$403,795	$968,310	$-54,956
2018	$358,211	$430,679	$1,004,364	$-72,468