SKY PARKWAY MUTUAL HOUSING CORPORATION (EIN 680335661) - 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

1999

Legal Domicile

Principal Officer

ANNE MARIE FLYNN

Phone

9164538400

Tax Period

2023-01-01 to 2023-12-31

SKY PARKWAY MUTUAL HOUSING CORPORATION, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $180K in total revenue in fiscal year 2023. Revenue fell 93% from the prior year — a significant decline worth monitoring. Expenses of $850K exceeded revenue, resulting in a 373% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $179,653

Investment Income $0

Other Revenue $0

TOTAL REVENUE $179,653

Expense Breakdown

Grants Paid $180,595

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $849,808

Other Expenses $669,213

TOTAL EXPENSES $849,808

Year-over-Year Comparison

	2023	2022	Change
Revenue	$179,653	$2,649,882	-0.9%
Expenses	$849,808	$664,830	+0.3%
Net Income	$-670,155	$1,985,052	-1.3%

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

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

$504,011

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHY CRESWELL	CHAIR	1.00	Officer Director	$0	$0	$0
JENNIFER HIGLEY-CHAPMAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CORINNE MORRISON	TREASURER	1.00	Officer Director	$0	$0	$0
TRICIA STEVENS	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERTO JIMENEZ	CEO	1.00	Officer	$0	$34,705	$282,034
JULIE GOLDFINE	CFO	1.00	Officer	$0	$26,733	$221,977

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	$179,653	$849,808	$5,211,316	$-670,155
2022	$2,649,882	$664,830	$5,880,224	$1,985,052
2021	$155,624	$533,579	$3,877,012	$-377,955
2020	$4,228,055	$141,070	$5,711,407	$4,086,985
2019	$3,805,891	$3,936,450	$1,655,187	$-130,559
2018	$131,398	$498,453	$1,845,765	$-367,055

SKY PARKWAY MUTUAL HOUSING CORPORATION