HOLY CROSS HOUSING INC (EIN 593149062) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

JAMES WAYNE

Phone

7275412631

Tax Period

2024-07-01 to 2025-06-30

HOLY CROSS HOUSING INC, founded in 1993, is a small nonprofit that reported $941K in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $200K, a strong 21% operating margin.

Mission

WE ARE A HUD SUBSIDIZED AND REGULATED APARTMENT COMPLEX. OUR MISSION IS TO PROVIDE AFFORDABLE HOUSING AND OTHER SERVICES TO QUALIFIED LOW-INCOME ELDERLY PERSONS.

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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 $656,500

Program Service Revenue $277,852

Investment Income $2,265

Other Revenue $4,349

TOTAL REVENUE $940,966

Expense Breakdown

Grants Paid $0

Salaries & Benefits $154,707

Fundraising Expenses $0

Program Expenses $650,819

Other Expenses $585,920

TOTAL EXPENSES $740,627

Year-over-Year Comparison

	2024	2023	Change
Revenue	$940,966	$651,033	+0.4%
Expenses	$740,627	$757,866	0.0%
Net Income	$200,339	$-106,833	-2.9%

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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV EDWIN PALKA	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARGARET ROGERS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JAMES WAYNE	TREASURER	1.00	Officer Director	$0	$0	$0
REV EMERY LONGANGA	MEMBER	1.00	Director	$0	$0	$0
REV JAMES RUHLIN	MEMBER	1.00	Director	$0	$0	$0
REV WAYNE GENEREUX	MEMBER	1.00	Director	$0	$0	$0
REV MICHAEL MUHR	MEMBER	1.00	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	$940,966	$740,627	$2,071,642	$200,339
2024	$651,033	$757,866	$1,887,634	$-106,833
2023	$619,570	$749,729	$1,943,187	$-130,159
2022	$614,467	$711,444	$2,114,955	$-96,977
2021	$599,028	$685,962	$2,165,005	$-86,934
2020	$577,332	$706,709	$2,281,664	$-129,377
2019	$576,050	$679,350	$2,384,984	$-103,300

HOLY CROSS HOUSING INC