PARALLEL SENIOR VILLAS INC (EIN 800740258) - 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

2010

Legal Domicile

Principal Officer

RANDY GEORGE

Phone

9137889090

Tax Period

2023-01-01 to 2023-12-31

PARALLEL SENIOR VILLAS INC, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $446K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $583K exceeded revenue, resulting in a 31% operating deficit.

Mission

Our mission is to provide affordable housing with supportive services to low income elderly or handicapped persons that will allow them to live independently. Our sole activity is providing housing.

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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 $446,183

Investment Income $259

Other Revenue $0

TOTAL REVENUE $446,442

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $461,434

Other Expenses $583,059

TOTAL EXPENSES $583,059

Year-over-Year Comparison

	2023	2022	Change
Revenue	$446,442	$360,598	+0.2%
Expenses	$583,059	$588,366	0.0%
Net Income	$-136,617	$-227,768	-0.4%

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
RANDY GEORGE	CHAIR	001.00	Officer Director	$0	$0	$0
WILLIAM DAVIS	SECRETARY	001.00	Officer Director	$0	$0	$0
OSCAR WILLIAMS	FINANCIAL SECRETARY	001.00	Officer Director	$0	$0	$0
JAMES MAXWELL	DIRECTOR	001.00	Director	$0	$0	$0
STANLEY ADDISON	DIRECTOR	001.00	Director	$0	$0	$0
ARTRELL HARRIS	DIRECTOR	001.00	Director	$0	$0	$0
ALVIN WILLIAMS	DIRECTOR	001.00	Director	$0	$0	$0
CARLTON WELLS	DIRECTOR	001.00	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	No data	No data	No data	No data
2023	$446,442	$583,059	$3,041,867	$-136,617
2022	$360,598	$588,366	$3,234,475	$-227,768
2021	$338,170	$509,365	$3,384,999	$-171,195

PARALLEL SENIOR VILLAS INC