PROVIDENCE HOUSING CORPORATION (EIN 726019412) - 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

1954

Legal Domicile

Principal Officer

BRETT ALLEN

Phone

5048168577

Tax Period

2024-08-01 to 2025-07-31

PROVIDENCE HOUSING CORPORATION, founded in 1954, is a community nonprofit in the Housing & Shelter sector that reported $3.7M in total revenue in fiscal year 2024.

Mission

TO PROVIDE HOUSING FOR SEMINARY STUDENTS AT NEW ORLEANS BAPTIST THEOLOGICAL SEMINARY.

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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 $400

Program Service Revenue $3,659,640

Investment Income $8,758

Other Revenue $0

TOTAL REVENUE $3,668,798

Expense Breakdown

Grants Paid $500,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,631,434

Other Expenses $3,142,884

TOTAL EXPENSES $3,642,884

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,668,798	$3,668,950	0.0%
Expenses	$3,642,884	$3,657,935	0.0%
Net Income	$25,914	$11,015	+1.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN GREENBANK	PRESIDENT	0.50	Officer Director	$0	$0	$0
PHIL HANBERRY	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
CLAY CORVIN	SECRETARY	0.50	Officer Director	$0	$0	$0
BRETT ALLEN	TREASURER	0.50	Officer Director	$0	$0	$0
KAREN BOBE	BOARD MEMBER	0.30	Director	$0	$0	$0
REV DONALD CURRENCE	BOARD MEMBER	0.30	Director	$0	$0	$0
JIM DAVISON	BOARD MEMBER	0.30	Director	$0	$0	$0
DR JAMIE DEW	BOARD MEMBER	0.30	Director	$0	$0	$0
MACK GRUBBS	BOARD MEMBER	0.30	Director	$0	$0	$0
JOHNNY JERNIGAN	BOARD MEMBER	0.30	Director	$0	$0	$0
DR LARRY LYON	BOARD MEMBER	0.30	Director	$0	$0	$0
LARRY MARQUEZ	BOARD MEMBER	0.30	Director	$0	$0	$0
DUDLEY MAY	BOARD MEMBER	0.30	Director	$0	$0	$0
ERROL WILKEN	BOARD MEMBER	0.30	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	$3,668,798	$3,642,884	$29,711,506	$25,914
2024	$3,668,950	$3,657,935	$30,676,877	$11,015
2023	$3,667,120	$3,647,893	$31,508,699	$19,227
2022	$2,948,936	$12,948,527	$32,358,561	$-9,999,591
2021	$3,004,270	$2,997,492	$33,349,833	$6,778
2020	$3,009,876	$2,875,606	$34,183,956	$134,270
2019	$3,020,150	$2,810,557	$35,081,444	$209,593

PROVIDENCE HOUSING CORPORATION