GERMANTOWN HOME SECTION 202 CORPORATION

EIN: 752976363 501(c)(3) Housing & Shelter

Philadelphia, PA

Total Revenue
$746,693
Total Expenses
$1,009,508
Total Assets
$4,523,794
Net Assets
$2,298,777
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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
2001
Legal Domicile
PA
Principal Officer
Michael P DeMarco
Phone
2159514432
Tax Period
2024-07-01 to 2025-06-30

GERMANTOWN HOME SECTION 202 CORPORATION, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $747K in total revenue in fiscal year 2024. Expenses of $1.0M exceeded revenue, resulting in a 35% operating deficit.

Mission

HUD Sec. 202 Housing for Elderly

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $737,071
Investment Income $4,140
Other Revenue $5,482
TOTAL REVENUE $746,693

Expense Breakdown

Grants Paid $0
Salaries & Benefits $117,047
Fundraising Expenses $0
Program Expenses $771,280
Other Expenses $892,461
TOTAL EXPENSES $1,009,508

Year-over-Year Comparison

2024 2023 Change
Revenue $746,693 $713,036 +0.0%
Expenses $1,009,508 $926,153 +0.1%
Net Income $-262,815 $-213,117 +0.2%
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

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Governance

Voting Members
9
Independent Members
4
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
5
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joseph Duffey Board Member 0
Officer Director
$0 $0 $0
Mary Naylor Board Member 0
Director
$0 $0 $0
Steve Mullin Board Member 0
Director
$0 $0 $0
Dr Neil Pitts Board Member 0
Director
$0 $0 $0
Tim McGrath Chairman 0
Director
$0 $0 $0
Robert Max Kent President 0
Officer
$0 $0 $0
Mike DeMarco Treasurer 0
Officer
$0 $0 $0
Paul Funaro Secretary 0
Officer
$0 $0 $0
John Ungar Assistant Secretary 0
Officer
$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 $746,693 $1,009,508 $4,523,794 $-262,815
2024 No data No data No data No data
2023 $671,712 $890,804 $4,815,752 $-219,092
2022 $622,510 $886,733 $5,157,981 $-264,223
2021 $626,061 $883,406 $5,180,292 $-257,345
2020 $597,641 $808,039 $5,387,448 $-210,398
2019 $580,236 $808,511 $5,508,053 $-228,275
2018 $568,211 $805,917 $5,734,734 $-237,706
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