PINE GROVE HOUSING DEVELOPMENT CORPORATION (EIN 721311778) - 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

1995

Legal Domicile

Principal Officer

MELANIE RIBEIRO

Phone

9548359200

Tax Period

2023-10-01 to 2024-09-30

PINE GROVE HOUSING DEVELOPMENT CORPORATION, founded in 1995, is a small nonprofit in the Housing & Shelter sector that reported $593K in total revenue in fiscal year 2023. Expenses of $1.0M exceeded revenue, resulting in a 73% operating deficit.

Mission

OPERATIONS OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED, REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

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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 $578,111

Investment Income $8,448

Other Revenue $5,986

TOTAL REVENUE $592,545

Expense Breakdown

Grants Paid $0

Salaries & Benefits $430,192

Fundraising Expenses $0

Program Expenses $586,587

Other Expenses $594,945

TOTAL EXPENSES $1,025,137

Year-over-Year Comparison

	2023	2022	Change
Revenue	$592,545	$599,947	0.0%
Expenses	$1,025,137	$868,561	+0.2%
Net Income	$-432,592	$-268,614	+0.6%

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

$524,053

Total Directors

$26,541

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELANIE RIBEIRO	DIRECTOR / V	0.70	Officer	$0	$72,591	$497,512
JOHN OLSEN	TREASURER	0.40	Officer Director	$0	$0	$26,541
MARIA CORDONE	SECRETARY	0.30	Officer Director	$0	$0	$0
BEN GREMILLION	DIRECTOR	0.10	Director	$0	$0	$0
LISA LACOUR	DIRECTOR	0.10	Director	$0	$0	$0
CHRISTOPHER SHELTON	PRESIDENT	0.50	Officer Director	$0	$0	$0
RAY WILLIAMS	VP / DIRECTO	0.10	Officer 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	$592,545	$1,025,137	$2,003,567	$-432,592
2023	$599,947	$868,561	$2,152,046	$-268,614
2022	$606,290	$807,649	$2,067,789	$-201,359
2021	$619,966	$783,067	$2,175,356	$-163,101
2020	$626,648	$775,694	$2,212,859	$-149,046
2019	$631,328	$754,386	$2,309,924	$-123,058
2018	$628,294	$718,311	$2,431,180	$-90,017

PINE GROVE HOUSING DEVELOPMENT CORPORATION