PINE GARDENS II INC

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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

1995

Legal Domicile

Principal Officer

JENNIFER HOFSTETTER

Phone

7074631975

Tax Period

2023-11-01 to 2024-10-31

Mission

PROVIDE DECENT AFFORDABLE HOUSING TO LOW AND MODERATE INCOME PERSONS.

Program Service Accomplishments

Program 1

THE SPECIFIC CHARITABLE AND PUBLIC PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED ARE (1) TO PROVIDE HOUSING FOR LOW INCOME PERSONS, WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH GROUPS; AND (2) TO...

THE SPECIFIC CHARITABLE AND PUBLIC PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED ARE (1) TO PROVIDE HOUSING FOR LOW INCOME PERSONS, WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH GROUPS; AND (2) TO PROVIDE DECENT, SAFE SANITARY HOUSING AND RELATED SERVICES FOR LOW INCOME PERSONS, OR FOR LOW INCOME PERSONS WHO ARE DISPLACED FROM URBAN RENEWAL AREAS, OR AS A RESULT OF GOVERNMENTAL ACTION, OR A MAJOR DISASTER WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH GROUPS. THE ORGANIZATION CARRIES OUT THESE ACTIVITIES BY PROVIDING INTEREST FREE LOANS TO THE RURAL COMMUNITIES HOUSING DEVELOPMENT CORPORATION AND AFFILIATES, WHICH ARE SUPPORTED ORGANIZATIONS.

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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 $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

	2023	2022	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

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

$305,261

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER HOFSTETTER	CFO	40.00	Officer	$0	$32,291	$154,726
RYAN LARUE	CEO	40.00	Officer	$0	$0	$150,535
AARON LEFEBVRE	CHAIRPERSON	0.15	Officer Director	$0	$0	$0
RICHARD HENDERSON	VICE CHAIRPERSON	0.15	Officer Director	$0	$0	$0
CHARLOTTE WATKINS	SECRETARY	0.15	Officer Director	$0	$0	$0
GARY MIRATA	TREASURER	0.15	Officer Director	$0	$0	$0
AMANDA PARDINI	DIRECTOR	0.15	Director	$0	$0	$0
MIKE PALLESEN	DIRECTOR	0.15	Director	$0	$0	$0
FU LIN CHANG	DIRECTOR	0.15	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	No data	No data	$968,490	No data
2023	No data	No data	$968,490	No data
2022	$66	No data	$968,490	No data
2021	No data	No data	$968,424	No data
2020	No data	No data	$968,424	No data
2019	No data	No data	$968,424	No data
2018	$1,000	$310	$968,424	$690