PHASE HOUSING CORPORATION INC (EIN 834412873) - 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

PAUL PONTE

Phone

2292196763

Tax Period

2023-01-01 to 2023-12-31

PHASE HOUSING CORPORATION INC, founded in 2019, is a micro nonprofit in the Housing & Shelter sector that reported $122 in total revenue in fiscal year 2023. Revenue fell 100% from the prior year — a significant decline worth monitoring.

Mission

TO FOSTER LOW-INCOME HOUSING BY PROVIDING SAFE, DECENT AND QUALITY HOUSING THAT IS AFFORDABLE TO MODERATE, LOW AND VERY LOW INCOME PERSONS AND 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 $0

Investment Income $0

Other Revenue $-122

TOTAL REVENUE $-122

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-122	$962,644	-1.0%
Expenses	N/A	$279,972	-1.0%
Net Income	N/A	$682,672	N/A

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
PAUL J PONTE	EXECUTIVE DIRECTOR/PRESIDE	0.50	Officer Director	$0	$0	$0
ERNEST DAVIS JR	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
CHARLES M MCLEOD	SECRETARY	0.50	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	No data	No data	No data	No data
2023	$-122	No data	$523,754	No data
2022	$962,644	$279,972	$523,876	$682,672
2021	$1,266,005	$1,568,523	$3,049,412	$-302,518
2020	$1,415,104	$1,442,156	$3,287,204	$-27,052
2019	$738,009	$740,939	$3,359,308	$-2,930

PHASE HOUSING CORPORATION INC