PINE GROVE HOUSING DEVELOPMENT CORPORATION

EIN: 721311778 501(c)(3) Housing & Shelter

PLANTATION, FL

Total Revenue
$592,545
Total Expenses
$1,025,137
Total Assets
$2,003,567
Net Assets
$988,655
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
LA
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

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

Program Service Accomplishments

Program 1
Expenses: $586,587 Revenue: $584,097

OPERATION 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%)

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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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
5
Employees
7
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
5
$524,053
Total Directors
6
$26,541
Key Employees
0
$0
Highest Compensated
0
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
2025 No data No data No data No data
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
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