1721 NORTH FRONT STREET HOLDINGS INC

EIN: 812335485 Mutual Benefit

HARRISBURG, PA

Total Revenue
$347,669
Total Expenses
$281,705
Total Assets
$1,310,691
Net Assets
$1,264,231
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
PA
Principal Officer
SCHERYL GLANTON
Phone
7174255500
Tax Period
2024-01-01 to 2024-12-31

1721 NORTH FRONT STREET HOLDINGS INC, founded in 2016, is a small nonprofit in the Mutual Benefit sector that reported $348K in total revenue in fiscal year 2024. The organization ran a surplus of $66K, a strong 19% operating margin.

Mission

THE ORGANIZATION WAS ORGANIZED FOR THE PURPOSE OF (A) ACQUIRING, RENOVATING, REFURBISHING, MANAGING, IMPROVING, MAINTAINING, OWNING, LEASING, AND SELLING REAL ESTATE PROPERTIES, (B) MANAGING AND MONITORING SUCH INVESTMENTS, AND (C) ENGAGING IN ANY OTHER ACTIVITIES INCIDENTAL OR ANCILLARY THERETO OR OTHERWISE PERMITTED BY THE STATE OF PENNSYLVANIA, AS THE MANAGER DEEMS NECESSARY OR ADVISABLE. AS DESCRIBED IN SECTION 501(C) (25)(C) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, THE ORGANIZATION IS REQUIRED TO HAVE ONE OR MORE MEMBER ORGANIZATIONS. CURRENTLY THE ONLY MEMBER OF THE ORGANIZATION IS THE COMMONWEALTH OF PENNSYLVANIA MUNICIPAL RETIREMENT SYSTEM.

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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 $346,936
Investment Income $733
Other Revenue $0
TOTAL REVENUE $347,669

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $281,705
Other Expenses $281,705
TOTAL EXPENSES $281,705

Year-over-Year Comparison

2024 2023 Change
Revenue $347,669 $342,398 +0.0%
Expenses $281,705 $264,484 +0.1%
Net Income $65,964 $77,914 -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
3
Independent Members
N/A
Employees
N/A
Volunteers
3

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
1
$0
Total Directors
3
$723,150
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIMOTHY A REESE DIRECTOR 0.10
Director
$0 $69,907 $308,408
RICHARD CARDAMONE DIRECTOR 0.20
Director
$0 $85,722 $254,859
MARK DAROK DIRECTOR 0.20
Director
$0 $47,402 $159,883
SCHERYL GLANTON PRESIDENT 40.00
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
2024 $347,669 $281,705 $1,310,691 $65,964
2023 $342,398 $264,484 $1,413,245 $77,914
2022 $326,667 $241,920 $1,589,430 $84,747
2021 $317,384 $252,281 $2,055,144 $65,103
2020 $309,675 $242,796 $2,174,246 $66,879
2019 $302,166 $253,432 $2,352,438 $48,734
2018 $294,566 $285,661 $2,462,086 $8,905
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