ROYAL PALM GARDENS

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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

2005

Legal Domicile

Principal Officer

GARY ALLSUP

Phone

3618893350

Tax Period

2022-10-01 to 2023-09-30

Mission

REFINANCING, OR PROVIDING PUBLIC FACILITIES

Program Service Accomplishments

Program 1

THE PURPOSE OF ROYAL PALM GARDENS IS TO PROVIDE HOUSING AND TO EXPAND RELATED SERVICES PROVIDED FOR LOW AND MODERATE-INCOME FAMILIES, ELDERLY AND DISABLED INDIVIDUALS AND AS NEEDED TO FURTHER THE...

THE PURPOSE OF ROYAL PALM GARDENS IS TO PROVIDE HOUSING AND TO EXPAND RELATED SERVICES PROVIDED FOR LOW AND MODERATE-INCOME FAMILIES, ELDERLY AND DISABLED INDIVIDUALS AND AS NEEDED TO FURTHER THE GOALS OF ITS SPONSOR ORGANIZATION, THE CORPUS CHRISTI HOUSING AUTHORITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2022	2021	Change
Revenue	N/A	N/A	N/A
Expenses	N/A	N/A	N/A
Net Income	N/A	$0	N/A

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

$488,123

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHY MEHNE	CHAIRPERSON	0.00	Director	$0	$0	$0
CURTIS CLARK	VICE - CHAIRPERSON	0.00	Director	$0	$0	$0
RICHARD BALLI	RESIDENT COMMISSIONER	0.00	Director	$0	$0	$0
DR BRIAN TIETJE	BOARD MEMBER	0.00	Director	$0	$0	$0
HILDA DALSONSO	BOARD MEMBER	0.00	Director	$0	$0	$0
GARY ALLSUP	PRESIDENT & CEO	1.00	Officer	$0	$0	$488,123

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
2024	No data	No data	No data	No data
2023	No data	No data	$967,352	No data
2022	No data	No data	$967,352	No data
2021	No data	$3,000	$967,352	No data
2020	No data	$1,000	$967,352	No data
2019	No data	$1,000	$967,352	No data
2018	No data	No data	$967,352	No data