CHURCH HOUSING ASSOC OF PRESTONSBUR

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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

1968

Legal Domicile

Principal Officer

CHRISTENE LAYNE

Phone

6068861927

Tax Period

2024-07-01 to 2025-06-30

CHURCH HOUSING ASSOC OF PRESTONSBUR, founded in 1968, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $2.3M exceeded revenue, resulting in a 41% operating deficit.

Mission

CHURCH HOUSING OF PRESTONSBURG INC. IS ORGANIZED TO PROVIDE SAFE, DECENT, SANITARY AND AFFORDABLE HOUSING TO EXTREMELY LOW, VERY LOW AND LOW INCOME FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $2,054,341 Revenue: $1,609,329

CHURCH HOUSING ASSOCIATION OF PRESTONSBURG INC PROVIDES SAFE, DECENT, AND AFFORDABLE HOUSING TO LOW AND VERY LOW INCOME FAMILIES. IT OPERATES TWO SEPARATE PROGRAM SITES; HIGHLAND HEIGHTS AND...

CHURCH HOUSING ASSOCIATION OF PRESTONSBURG INC PROVIDES SAFE, DECENT, AND AFFORDABLE HOUSING TO LOW AND VERY LOW INCOME FAMILIES. IT OPERATES TWO SEPARATE PROGRAM SITES; HIGHLAND HEIGHTS AND CLIFFSIDE APARTMENTS. HIGHLAND HEIGHTS PROVIDES HOUSING FOR 72 FAMILIES AND CLIFFSIDE APARTMENTS PROVIDES FOR 93 FAMILIES. HUD SUBSIDES MONTHLY RENTS FOR ELIGIBLE TENANTS UNDER THE HOUSING ASSISTANCE PAYMENT PROGRAM. FOR THE YEAR ENDED JUNE 30, 2025, HUD PAID 1,150,127 (71%) IN RENTAL SUBSIDIES.

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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 $1,609,329

Investment Income $1,068

Other Revenue $0

TOTAL REVENUE $1,610,397

Expense Breakdown

Grants Paid $0

Salaries & Benefits $522,882

Fundraising Expenses $0

Program Expenses $2,054,341

Other Expenses $1,753,097

TOTAL EXPENSES $2,275,979

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,610,397	$1,843,083	-0.1%
Expenses	$2,275,979	$1,826,797	+0.2%
Net Income	$-665,582	$16,286	-41.9%

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
DR EUGENE BLACKBURN	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
REV BOB CARPENTER	CHAIRMAN	N/A	Officer Director	$0	$0	$0
REV KEVIN JETT	DIRECTOR	N/A	Director	$0	$0	$0
JERRY MEEK	DIRECTOR	N/A	Director	$0	$0	$0
REV TOMMY POE	DIRECTOR	N/A	Director	$0	$0	$0
REV JASON RUDAS	DIRECTOR	N/A	Director	$0	$0	$0
CHRISTENE LAYNE	ADMINISTRATO	N/A	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	$1,610,397	$2,275,979	$1,889,926	$-665,582
2024	$1,843,083	$1,826,797	$2,602,180	$16,286
2023	$1,771,619	$1,600,759	$2,611,639	$170,860
2022	$1,718,853	$1,633,473	$2,503,057	$85,380
2021	$1,714,029	$1,514,196	$2,506,839	$199,833
2020	$1,673,115	$1,451,154	$2,443,555	$221,961
2019	$1,624,412	$1,560,153	$2,267,342	$64,259