MEMPHIS JEWISH HOUSING DEVELOPMENT- PLOUGH TOWERS (EIN 621027049) - 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

1980

Legal Domicile

Principal Officer

LEIGH HENDRY

Phone

9017671910

Tax Period

2024-07-01 to 2025-06-30

MEMPHIS JEWISH HOUSING DEVELOPMENT- PLOUGH TOWERS, founded in 1980, is a community nonprofit in the Housing & Shelter sector that reported $1.9M in total revenue in fiscal year 2024. Expenses of $1.7M left a modest 6% surplus.

Mission

PLOUGH TOWERS IS A 150-UNIT, GOVERNMENT RENT-ASSISTED, HIGH-RISE APARTMENT COMMUNITY WHICH SEEKS TO PROVIDE SAFE, AFFORDABLE HOUSING FOR THE ELDERLY AND MOBILITY IMPAIRED IN AN ENVIRONMENT THAT ENHANCES SELF WORTH, DIGNITY AND ENCOURAGES FULL USE OF THEIR SKILLS, INTELLIGENCE AND EXPERIENCES.

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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 $1,006,332

Program Service Revenue $759,397

Investment Income $54,877

Other Revenue $36,433

TOTAL REVENUE $1,857,039

Expense Breakdown

Grants Paid $0

Salaries & Benefits $672,693

Fundraising Expenses $0

Program Expenses $1,385,141

Other Expenses $1,076,978

TOTAL EXPENSES $1,749,671

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,857,039	$1,810,959	+0.0%
Expenses	$1,749,671	$1,685,999	+0.0%
Net Income	$107,368	$124,960	-0.1%

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

$129,413

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEIGH HENDRY	EXECUTIVE DIRECTOR	35.00	Officer	$120,947	$8,466	$129,413
STEVE BAER	PRESIDENT	2.00	Officer Director	$0	$0	$0
JULIE BOSHWIT	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DANNY MANSBERG	TREASURER	2.00	Officer Director	$0	$0	$0
SCOTT VOGEL	SECRETARY	2.00	Officer Director	$0	$0	$0
KATE BASAR	DIRECTOR	0.50	Director	$0	$0	$0
DAVID BLINDMAN	DIRECTOR	0.50	Director	$0	$0	$0
MARC CHARNEY	DIRECTOR	0.50	Director	$0	$0	$0
MARK DATTEL	DIRECTOR	0.50	Director	$0	$0	$0
TAMI EISEMAN	DIRECTOR	0.50	Director	$0	$0	$0
SANDY FRIEDMAN	DIRECTOR	0.50	Director	$0	$0	$0
JENNIFER GILBERT	DIRECTOR	0.50	Director	$0	$0	$0
DEBBIE JACKSON	DIRECTOR	0.50	Director	$0	$0	$0
JAN KLEIN	DIRECTOR	0.50	Director	$0	$0	$0
STEVE LIBBY	DIRECTOR	0.50	Director	$0	$0	$0
SHELLY OSTROW	DIRECTOR	0.50	Director	$0	$0	$0
SALLY ROSENBERG	DIRECTOR	0.50	Director	$0	$0	$0
LAUREN ROWER	DIRECTOR	0.50	Director	$0	$0	$0
PAUL ROYAL	DIRECTOR	0.50	Director	$0	$0	$0
CAROLYN SCHRIER	DIRECTOR	0.50	Director	$0	$0	$0
JERRY SIEGLER	DIRECTOR	0.50	Director	$0	$0	$0
EILEEN SMOUHA	DIRECTOR	0.50	Director	$0	$0	$0
LAURA TANENBAUM	DIRECTOR	0.50	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	$1,857,039	$1,749,671	$4,504,563	$107,368
2024	$1,810,959	$1,685,999	$4,547,905	$124,960
2023	$1,722,884	$1,583,301	$4,563,565	$139,583
2022	$1,932,123	$1,565,367	$4,575,131	$366,756
2021	$1,926,460	$1,554,730	$4,316,587	$371,730
2020	$1,658,617	$1,568,759	$4,061,831	$89,858
2019	$1,586,681	$1,544,034	$4,069,213	$42,647

MEMPHIS JEWISH HOUSING DEVELOPMENT- PLOUGH TOWERS