HOUSING CORPORATION OF THE PALM BCH CTY ASSN FOR RETARDED CITIZENS INC

EIN: 592201240 501(c)(3)

Riviera Beach, FL

Total Revenue
$218,387
Total Expenses
$50,313
Total Assets
$405,727
Net Assets
$252,026
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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
1982
Legal Domicile
FL
Principal Officer
Kimberly McCarten
Phone
5618423213
Tax Period
2020-01-01 to 2020-12-31

HOUSING CORPORATION OF THE PALM BCH CTY ASSN FOR RETARDED CITIZENS INC, founded in 1982, is a small nonprofit that reported $218K in total revenue in fiscal year 2020. Revenue surged 376% from the prior year, signaling strong growth momentum. The organization ran a surplus of $168K, a strong 77% operating margin.

Mission

Provide housing for developmentally disabled citizens.

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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 (2020)

Revenue Breakdown

Contributions & Grants $180,244
Program Service Revenue $38,094
Investment Income $49
Other Revenue $0
TOTAL REVENUE $218,387

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $37,485
Other Expenses $50,313
TOTAL EXPENSES $50,313

Year-over-Year Comparison

2020 2019 Change
Revenue $218,387 $45,916 +3.8%
Expenses $50,313 $31,351 +0.6%
Net Income $168,074 $14,565 +10.5%
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
4
Independent Members
4
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
4
$294,561
Total Directors
4
$294,561
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kimberly McCarten CEO & President 0
Officer Director
$0 $13,123 $173,508
Russell Greene Chief Financial Officer 0
Officer Director
$0 $14,990 $121,053
Alane Foster Co Chair 0
Officer Director
$0 $0 $0
Robert Salmore Co Chair 0
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
2020 $218,387 $50,313 $405,727 $168,074
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