PHILADELPHIA ARMS TOWNHOMES INC

EIN: 841657301 501(c)(3) Housing & Shelter

Ellendale, DE

Total Revenue
$209,592
Total Expenses
$209,718
Total Assets
$14,495
Net Assets
$3,468
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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
2007
Legal Domicile
DE
Principal Officer
Michael Whaley
Phone
3022283864
Tax Period
2024-01-01 to 2024-12-31

PHILADELPHIA ARMS TOWNHOMES INC, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $210K in total revenue in fiscal year 2024.

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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 $29,500
Program Service Revenue $0
Investment Income $0
Other Revenue $180,092
TOTAL REVENUE $209,592

Expense Breakdown

Grants Paid $0
Salaries & Benefits $120,031
Fundraising Expenses $0
Program Expenses $209,718
Other Expenses $89,687
TOTAL EXPENSES $209,718

Year-over-Year Comparison

2024 2023 Change
Revenue $209,592 $217,301 0.0%
Expenses $209,718 $215,138 0.0%
Net Income $-126 $2,163 -1.1%
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
10
Independent Members
10
Employees
8
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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Major Foster Past Chair 1
Officer
$0 $0 $0
Michael Whaley Chair 1
Officer
$0 $0 $0
Tiana Bowden Secretary 1
Officer
$0 $0 $0
Malia Wise Vice Chair 1
Officer
$0 $0 $0
Elizabeth Williams Treasurer 1
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 $209,592 $209,718 $14,495 $-126
2023 $217,301 $215,138 $1,143 $2,163
2022 $293,897 $295,565 $1,143 $-1,668
2021 $192,489 $232,845 $2,790 $-40,356
2020 $216,724 $193,583 $29,199 $23,141
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