NONPROFIT HOUSING PRESERVATION PI INC (EIN 834323594) - 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

2019

Legal Domicile

Principal Officer

JOHN CORBETT

Phone

5616556775

Tax Period

2023-01-01 to 2023-12-31

NONPROFIT HOUSING PRESERVATION PI INC, founded in 2019, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2023. Expenses of $1.7M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE FOR THE ACQUISITION, DEVELOPMENT, OWNERSHIP AND OPERATION OF AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES.

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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 $1,534,445

Investment Income $8,759

Other Revenue $0

TOTAL REVENUE $1,543,204

Expense Breakdown

Grants Paid $162,235

Salaries & Benefits $214,816

Fundraising Expenses $0

Program Expenses $1,582,070

Other Expenses $1,352,270

TOTAL EXPENSES $1,729,321

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,543,204	$1,554,848	0.0%
Expenses	$1,729,321	$1,526,895	+0.1%
Net Income	$-186,117	$27,953	-7.7%

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
JOHN CORBETT	PRESIDENT/CEO	0.10	Officer Director	$0	$0	$0
HUGH JACOBS	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
RICHARD F BURNS	DIRECTOR	0.10	Director	$0	$0	$0
STEPHEN M GREEN	DIRECTOR	0.10	Director	$0	$0	$0
FREDERICK C MITCHELL	VICE PRESIDENT	0.10	Officer	$0	$0	$0
MECKY ADNANI	VICE PRESIDENT	0.10	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	No data	No data	No data	No data
2023	$1,543,204	$1,729,321	$6,984,896	$-186,117
2022	$1,554,848	$1,526,895	$7,291,026	$27,953
2021	$1,440,502	$1,488,656	$7,359,946	$-48,154
2020	$1,267,239	$1,261,168	$7,527,001	$6,071
2019	$5,369,151	$28,796	$7,599,862	$5,340,355

NONPROFIT HOUSING PRESERVATION PI INC