CENTENNIAL HOUSING & COMMUNITY SERVICES CORPORATION

EIN: 842516855 501(c)(3) Human Services

Plano, TX

Total Revenue
$14,633,435
Total Expenses
$16,489,736
Total Assets
$8,096,934
Net Assets
$-15,168,332
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
CA
Principal Officer
Frank T Avignone IV
Phone
2146297860
Tax Period
2023-01-01 to 2023-12-31

CENTENNIAL HOUSING & COMMUNITY SERVICES CORPORATION, founded in 2018, is a mid-sized nonprofit in the Human Services sector that reported $14.6M in total revenue in fiscal year 2023. Expenses of $16.5M exceeded revenue, resulting in a 13% operating deficit.

Mission

Centennial Housing & Community Services Corporation (DBA Washington Regional Medical Center) is committed to providing quality health care. The focus of our institution is on training and skill development so we do the right things at the right time--every time. WRMC is dedicated to improving the health and quality of life for the people and communities we serve. WRMC is committed to offering quality and value-driven services to all individuals seeking assistance.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $14,633,435
Investment Income $0
Other Revenue $0
TOTAL REVENUE $14,633,435

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,501,298
Fundraising Expenses $0
Program Expenses $7,958,566
Other Expenses $5,988,438
TOTAL EXPENSES $16,489,736

Year-over-Year Comparison

2023 2022 Change
Revenue $14,633,435 $14,115,701 +0.0%
Expenses $16,489,736 $17,322,525 0.0%
Net Income $-1,856,301 $-3,206,824 -0.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
N/A
Employees
11
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
4
$858,007
Total Directors
0
$0
Key Employees
1
$218,392
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Amanze Ugoji Chief Executive Officer 40
Officer
$372,815 $0 $372,815
Cameron Smith Nurse Practitioner 40
Highest
$328,721 $0 $328,721
Lois Roberson Doctorate Prepared Nurse Practitioner 40
Highest
$279,970 $0 $279,970
Timothy Madigan Physician 40
Highest
$273,075 $0 $273,075
Chrystie Stowe Nurse Practitioner 40
Highest
$233,392 $0 $233,392
Bruce Patterson EVP Business Development & Business Affairs 40
Key Emp
$218,392 $0 $218,392
Tonda Garrison Chief Operating Officer 40
Officer
$166,154 $0 $166,154
Russell Anduza Chief Information Technology Officer 40
Officer
$161,538 $0 $161,538
Frank Avignone Chief Executive Officer - current 40
Officer
$157,500 $0 $157,500
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
2023 $14,633,435 $16,489,736 $8,096,934 $-1,856,301
2022 $14,115,701 $17,322,525 $11,107,057 $-3,206,824
2021 $17,463,913 $20,842,139 $10,197,937 $-3,378,226
2020 $6,181,394 $5,878,739 $9,920,569 $302,655
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