PURCHASE AREA HOUSING CORP (EIN 611134247) - 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

1984

Legal Domicile

Principal Officer

JEREMY BUCHANAN

Phone

2702477171

Tax Period

2024-07-01 to 2025-06-30

PURCHASE AREA HOUSING CORP, founded in 1984, is a small nonprofit that reported $159K in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $130K, a strong 82% operating margin.

Mission

ADMINISTERS AND COORDINATES VARIOUS GRANT PROGRAMS THAT IMPROVE HOUSING FOR MODERATE, LOW, AND VERY LOW INCOME 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 $0

Program Service Revenue $0

Investment Income $99,044

Other Revenue $59,707

TOTAL REVENUE $158,751

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,475

Other Expenses $28,406

TOTAL EXPENSES $28,406

Year-over-Year Comparison

	2024	2023	Change
Revenue	$158,751	$110,933	+0.4%
Expenses	$28,406	$22,177	+0.3%
Net Income	$130,345	$88,756	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD COOPER	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA VANCLEVE	DIRECTOR	1.00	Director	$0	$0	$0
GINA WINCHESTER	DIRECTOR	1.00	Director	$0	$0	$0
ROSE ROSS	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA GALLOWAY	DIRECTOR	1.00	Director	$0	$0	$0
KAREN THOMASON	DIRECTOR	1.00	Director	$0	$0	$0
LYNN BUSBY	DIRECTOR	1.00	Director	$0	$0	$0
MALLORY GRAVES	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN BOYKEN	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM HIGGINSON	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN BONE	DIRECTOR	1.00	Director	$0	$0	$0
EUGENE MCDONALD	DIRECTOR	1.00	Director	$0	$0	$0
MONTI COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WARD	CHAIRMAN	2.00	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
2025	$158,751	$28,406	$1,851,966	$130,345
2024	$110,933	$22,177	$1,728,720	$88,756
2023	$146,019	$30,905	$1,650,514	$115,114
2022	$139,802	$71,126	$1,546,714	$68,676
2021	$92,592	$15,251	$1,489,006	$77,341
2020	$74,591	$20,383	$1,419,980	$54,208
2019	$207,439	$35,099	$1,373,474	$172,340

PURCHASE AREA HOUSING CORP