PRESERVATION HOUSING 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

2017

Legal Domicile

Principal Officer

PATRICK J COFFEY

Phone

2516507337

Tax Period

2024-01-01 to 2024-12-31

PRESERVATION HOUSING INC, founded in 2017, is a community nonprofit in the Housing & Shelter sector that reported $8.0M in total revenue in fiscal year 2024. Expenses of $7.7M left a modest 4% surplus.

Mission

TO CREATE AND PRESERVE SAFE AND AFFORDABLE HOUSING COMMUNITIES FOR LOW AND MODERATE-INCOME INDIVIDUALS, FAMILIES, THE ELDERLY AND THE DISABLED AND TO PROVIDE SOCIAL AND EDUCATION SERVICES BENEFICIAL TO THE RESIDENTS IN THOSE COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $7,653,283 Revenue: $8,009,555

PROVIDED AFFORDABLE HOUSING FOR RESIDENTS OF APARTMENT COMMUNITIES LOCATED IN INDIANA AND TEXAS.

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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 $0

Program Service Revenue $8,009,555

Investment Income $0

Other Revenue $0

TOTAL REVENUE $8,009,555

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,228,664

Fundraising Expenses $0

Program Expenses $7,653,283

Other Expenses $6,424,619

TOTAL EXPENSES $7,653,283

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,009,555	$8,179,879	0.0%
Expenses	$7,653,283	$9,471,663	-0.2%
Net Income	$356,272	$-1,291,784	-1.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN ANDERSON	TREASURER	N/A	Officer Director	$0	$0	$0
PATRICK J COFFEY	PRESIDENT	N/A	Officer Director	$0	$0	$0
KIM O FARMER	SECRETARY	N/A	Officer 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	$8,009,555	$7,653,283	$39,429,671	$356,272
2023	$8,179,879	$9,471,663	$40,441,323	$-1,291,784
2022	$15,150,293	$11,523,997	$41,583,416	$3,626,296
2021	$8,020,455	$9,242,941	$45,095,355	$-1,222,486
2020	$7,260,069	$7,520,396	$37,600,716	$-260,327
2019	$6,518,843	$7,371,264	$37,765,713	$-852,421
2018	$6,078,548	$6,898,552	$38,959,460	$-820,004