PRINCE OF PEACE 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

1995

Legal Domicile

Principal Officer

HAROLD L BENNETT

Phone

3868524537

Tax Period

2023-07-01 to 2024-06-30

PRINCE OF PEACE HOUSING INC, founded in 1995, is a small nonprofit that reported $641K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Net assets of $1.9M represent 35 months of operating reserves.

Mission

THE ORGANIZATION IS THE OWNER OF A HUD SUBSIDIZED APARTMENT COMPLEX WHOSE MISSION IS TO PROVIDE AFFORDABLE HOUSING AND RELATED SERVICES TO VERY LOW INCOME ELDERLY.

Program Service Accomplishments

Program 1

Expenses: $616,416 Revenue: $256,302

69 RESIDENTIAL APARTMENTS PROVIDED TO LOW INCOME ELDERLY PERSONS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT WITH HUD SECTION 202 PRAC RENT SUBSIDY, HUD REGULATED

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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 (2023)

Revenue Breakdown

Contributions & Grants $381,706

Program Service Revenue $252,243

Investment Income $3,061

Other Revenue $4,059

TOTAL REVENUE $641,069

Expense Breakdown

Grants Paid $0

Salaries & Benefits $187,619

Fundraising Expenses $0

Program Expenses $616,416

Other Expenses $504,520

TOTAL EXPENSES $692,139

Year-over-Year Comparison

	2023	2022	Change
Revenue	$641,069	$561,162	+0.1%
Expenses	$692,139	$663,407	+0.0%
Net Income	$-51,070	$-102,245	-0.5%

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

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
LUCILLE DILELLA	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MALAFRONTE	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM SPENO	DIRECTOR	1.00	Director	$0	$0	$0
FR JUSTIN VAKKO	DIRECTOR	1.00	Director	$0	$0	$0
PAULA GREGORY	DIRECTOR	1.00	Director	$0	$0	$0
HAROLD L BENNETT	PRESIDENT	1.00	Officer	$0	$0	$0
JOHN D PECK	VICE PRESIDENT	1.00	Officer	$0	$0	$0
CONSTANCE KOMATZ	SECRETARY	1.00	Officer	$0	$0	$0
CAROL E BENNETT	TREASURER	1.00	Officer	$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	No data	No data	No data	No data
2024	$641,069	$692,139	$1,992,493	$-51,070
2023	$561,162	$663,407	$2,042,038	$-102,245
2022	$544,146	$609,831	$2,102,270	$-65,685
2021	$496,823	$559,049	$2,176,482	$-62,226
2020	$484,602	$551,466	$2,239,450	$-66,864
2019	$474,776	$546,450	$2,310,028	$-71,674