GREENWAY PRESBYTERIAN APARTMENTS INC

EIN: 861063722 501(c)(3) Housing & Shelter

LAFAYETTE HILL, PA

Total Revenue
$168,868
Total Expenses
$587,662
Total Assets
$3,261,973
Net Assets
$2,957,850
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
PA
Principal Officer
JOHN H COCHRANE III
Phone
6108341001
Tax Period
2024-01-01 to 2024-12-31

GREENWAY PRESBYTERIAN APARTMENTS INC, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $169K in total revenue in fiscal year 2024. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $588K exceeded revenue, resulting in a 248% operating deficit.

Mission

THE ORGANIZATION OWNS AND OPERATES A 68-UNIT AFFORDABLE HOUSING PROJECT IN PHILADELPHIA, PA.

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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 $0
Program Service Revenue $0
Investment Income $158,993
Other Revenue $9,875
TOTAL REVENUE $168,868

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $587,662
Other Expenses $587,662
TOTAL EXPENSES $587,662

Year-over-Year Comparison

2024 2023 Change
Revenue $168,868 $7,376,468 -1.0%
Expenses $587,662 $1,050,668 -0.4%
Net Income $-418,794 $6,325,800 -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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Governance

Voting Members
9
Independent Members
5
Employees
1
Volunteers
7

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
8
$4,748,269
Total Directors
10
$262,000
Key Employees
4
$1,474,806
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDALL STAMPER CHAIR 0.20
Officer Director
$0 $0 $73,000
ALAN GRIFFITH VICE CHAIR 0.10
Officer Director
$0 $0 $63,000
H DECLAN BROWN SECRETARY 0.10
Officer Director
$0 $0 $63,000
REV MICHELLE HOLMES BOARD MEMBER 0.10
Director
$0 $0 $63,000
REV RANDY L BARGE BOARD MEMBER 0.10
Director
$0 $0 $0
HARRY G DITTMANN BOARD MEMBER 0.10
Director
$0 $0 $0
KENNETH MCKEOWN BOARD MEMBER 0.10
Director
$0 $0 $0
REV DR NANCY E MUTH BOARD MEMBER 0.10
Director
$0 $0 $0
G ROBERT OVERHISER JR BOARD MEMBER 0.10
Director
$0 $0 $0
WILLIAM G YOUNG SR BOARD MEMBER (NON-VOTING) 0.10
Director
$0 $0 $0
JOHN H COCHRANE III CHIEF EXECUTIVE OFFICER 0.50
Officer
$0 $292,739 $1,566,593
DANIEL OGUS CHIEF OPERATING OFFICER 0.50
Officer
$0 $184,062 $1,147,903
ANDREW MCDONALD CHIEF FINANCIAL OFFICER 0.50
Officer
$0 $84,590 $758,654
BETHANY GHASSEMI CHIEF LEGAL OFFICER 0.50
Officer
$0 $71,504 $659,066
NICK LINDBERG CHIEF INFORMATION OFFICE 0.50
Officer
$0 $3,983 $417,053
JAMES PARK SVP CORPORATE COMMUNICATION 0.50
Key Emp
$0 $34,521 $305,685
ANIKA HARTOUNIAN VP OF FINANCE 0.50
Key Emp
$0 $45,023 $430,662
CYNTHIA SALGADO VP CORPORATE COMPLIANCE 0.50
Key Emp
$0 $15,387 $287,341
JENNIFER KAPPEN SVP - AFFORDABLE HOUSING 18.00
Key Emp
$0 $48,298 $451,118
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 $168,868 $587,662 $3,261,973 $-418,794
2023 $7,376,468 $1,050,668 $3,854,567 $6,325,800
2022 $890,853 $848,516 $6,133,916 $42,337
2021 $823,548 $871,436 $6,101,367 $-47,888
2020 $630,234 $864,117 $6,114,668 $-233,883
2019 $579,013 $849,275 $6,348,658 $-270,262
2018 $593,784 $811,084 $6,607,889 $-217,300
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