PURCHASE HOUSING CORPORATION II (EIN 821262347) - 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

2018

Legal Domicile

Principal Officer

SARAH JAMES

Phone

9142516045

Tax Period

2024-07-01 to 2025-06-30

PURCHASE HOUSING CORPORATION II, founded in 2018, is a community nonprofit in the Education sector that reported $3.7M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $4.2M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO SUPPORT THE PURPOSES OF PURCHASE COLLEGE, STATE UNIVERSITY OF NEW YORK BY ACQUIRING, LEASING, CONSTRUCTING, RENOVATING, AND MAINTAINING RESIDENTIAL AND OTHER FACILITIES FOR THE USE OF THE STUDENTS AND FACULTY OF PURCHASE COLLEGE, STATE UNIVERSITY OF NEW YORK.

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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 $3,469,691

Investment Income $182,709

Other Revenue $0

TOTAL REVENUE $3,652,400

Expense Breakdown

Grants Paid $750,000

Salaries & Benefits $621,042

Fundraising Expenses $0

Program Expenses $4,091,902

Other Expenses $2,857,751

TOTAL EXPENSES $4,228,793

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,652,400	$3,337,581	+0.1%
Expenses	$4,228,793	$3,289,471	+0.3%
Net Income	$-576,393	$48,110	-13.0%

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
DAVID FLEISHER	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL KOPAS	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL FONSECA	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE IFILL	DIRECTOR	1.00	Director	$0	$0	$0
MILAGROS PENA	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA BICE	VICE PRESIDENT	1.00	Officer	$0	$0	$0
SARAH JAMES	TREASURER	2.50	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	$3,652,400	$4,228,793	$29,145,645	$-576,393
2024	$3,337,581	$3,289,471	$30,622,996	$48,110
2023	$3,256,997	$3,402,985	$31,263,947	$-145,988
2022	$4,018,151	$3,133,429	$32,136,677	$884,722
2021	$2,855,098	$3,005,372	$30,684,869	$-150,274
2020	$3,025,068	$2,646,444	$33,425,529	$378,624

PURCHASE HOUSING CORPORATION II