PHYLLIS WHEATLEY HOMES INC (EIN 620952455) - 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

1963

Legal Domicile

Principal Officer

LORETTA HOWELL

Phone

6152265544

Tax Period

2024-01-01 to 2024-12-31

PHYLLIS WHEATLEY HOMES INC, founded in 1963, is a small nonprofit in the Housing & Shelter sector that reported $710K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $650K left a modest 8% surplus.

Mission

Phyllis Wheatley Homes, Inc. ("Project"), is an 81 unit Apartment complex that provides affordable independent living in an energy efficient, quiet, safe and clean environment.

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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 $709,821

Investment Income $10

Other Revenue $0

TOTAL REVENUE $709,831

Expense Breakdown

Grants Paid $0

Salaries & Benefits $114,635

Fundraising Expenses $0

Program Expenses $587,996

Other Expenses $535,028

TOTAL EXPENSES $649,663

Year-over-Year Comparison

	2024	2023	Change
Revenue	$709,831	$641,848	+0.1%
Expenses	$649,663	$726,169	-0.1%
Net Income	$60,168	$-84,321	-1.7%

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
MARY WALLER	Secretary	1.00	Officer Director	$0	$0	$0
LORETTA HOWELL	Chairman	1.00	Officer Director	$0	$0	$0
THEODORE LEWIS JR	Director	1.00	Director	$0	$0	$0
CHERYL SEAY	Director	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
2024	$709,831	$649,663	$289,699	$60,168
2023	$641,848	$726,169	$255,874	$-84,321
2022	$819,713	$641,660	$422,612	$178,053
2021	$611,359	$623,474	$226,198	$-12,115
2020	$615,901	$620,286	$225,618	$-4,385
2019	$612,765	$647,467	$208,048	$-34,702
2018	$598,329	$609,804	$229,553	$-11,475

PHYLLIS WHEATLEY HOMES INC