PRESERVATION PARK CENTER 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

2004

Legal Domicile

Principal Officer

PAUL CARNEY

Phone

5102875353

Tax Period

2023-01-01 to 2023-12-31

PRESERVATION PARK CENTER INC, founded in 2004, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $2.0M exceeded revenue, resulting in a 33% operating deficit.

Mission

PRESERVATION PARK CENTER, INC. (PPC) WAS FORMED AS A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION IN JULY 2004 TO ACQUIRE, OWN AND OPERATE PRESERVATION PARK, LOCATED IN OAKLAND, CALIFORNIA. PPC'S SPECIFIC PURPOSES ARE TO COMBAT COMMUNITY DETERIORATION AND PROVIDE RELIEF TO THE POOR OR UNDERPRIVILEGED BY OWNING AND OPERATING COMMERCIAL OFFICE SPACE IN A LOW-INCOME COMMUNITY FOR RENT TO PREDOMINANTLY NONPROFIT ORGANIZATIONS. THE PROPERTY, ACQUIRED IN JANUARY 2005, IS A UNIQUE COLLECTION OF SIXTEEN VICTORIAN BUILDINGS, THREE OF WHICH ARE DEDICATED FOR COMMUNITY USE FOR MEETINGS AND OTHER EVENTS.

Program Service Accomplishments

Program 1

Expenses: $1,657,426 Revenue: $1,476,397

THE ORGANIZATION OWNED AND OPERATED COMMERCIAL OFFICE SPACE IN A LOW-INCOME COMMUNITY FOR RENT TO PREDOMINANTLY NONPROFIT ORGANIZATIONS. IN ADDITION, THE ORGANIZATION LEASED COMMON AREAS AS A...

THE ORGANIZATION OWNED AND OPERATED COMMERCIAL OFFICE SPACE IN A LOW-INCOME COMMUNITY FOR RENT TO PREDOMINANTLY NONPROFIT ORGANIZATIONS. IN ADDITION, THE ORGANIZATION LEASED COMMON AREAS AS A GATHERING SPACE TO ITS TENANTS AND TO MEMBERS OF THE SURROUNDING COMMUNITY.

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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 $1,352,540

Investment Income $72

Other Revenue $123,857

TOTAL REVENUE $1,476,469

Expense Breakdown

Grants Paid $0

Salaries & Benefits $295,620

Fundraising Expenses $0

Program Expenses $1,657,426

Other Expenses $1,672,410

TOTAL EXPENSES $1,968,030

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,476,469	$1,326,135	+0.1%
Expenses	$1,968,030	$1,758,320	+0.1%
Net Income	$-491,561	$-432,185	+0.1%

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

N/A

Employees

N/A

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

$348,383

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TED DANG	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTINE CARR	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
FANYA KA MAKINI	DIRECTOR	1.00	Director	$0	$0	$0
DAWN HAWK	DIRECTOR	1.00	Director	$0	$0	$0
ROY SCHEWYER	DIRECTOR	1.00	Director	$0	$0	$0
ANDRE H MADEIRA	CHIEF EXECUTIVE OFFICER	1.00	Officer	$57,828	$1,053	$58,881
SEAN SULLIVAN	INTERIM CHIEF EXECUTIVE OFFICER	1.00	Officer	$63,462	$800	$64,262
LINA SHETH	INTERIM CHIEF EXECUTIVE OFFICER	1.00	Officer	$223,500	$1,740	$225,240

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	$1,476,469	$1,968,030	$5,784,807	$-491,561
2022	$1,326,135	$1,758,320	$6,212,657	$-432,185
2021	$1,379,672	$1,755,635	$6,639,169	$-375,963
2020	$1,509,498	$1,770,427	$7,011,404	$-260,929
2019	$1,800,809	$1,833,812	$7,534,746	$-33,003
2018	$1,724,588	$1,760,806	$7,637,948	$-36,218