COMMUNITY HOUSING SVC-PARK TOWERS INC (EIN 870540153) - 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

Legal Domicile

Principal Officer

PHILIP CARROLL

Tax Period

2024-01-01 to 2024-12-31

COMMUNITY HOUSING SVC-PARK TOWERS INC is a community nonprofit in the Housing & Shelter sector that reported $1.9M in total revenue in fiscal year 2024. Expenses of $1.7M left a modest 10% surplus.

Mission

THE ENTITY OWNS AND OPERATES A 180 UNIT LOW INCOME HOUSING PROJECT, THE PARK TOWERS APARTMENTS, LOCATED AT 22 N BROADWAY, ROCHESTER, MINNESOTA, 55906.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,919,718

Investment Income $4,206

Other Revenue $8,982

TOTAL REVENUE $1,932,906

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,715,458

Other Expenses $1,740,634

TOTAL EXPENSES $1,740,634

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,932,906	$1,807,588	+0.1%
Expenses	$1,740,634	$1,547,788	+0.1%
Net Income	$192,272	$259,800	-0.3%

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
PHILIP CARROLL	President	4.00	Director	$0	$0	$0
MICHAEL HUGHES	Vice President	4.00	Director	$0	$0	$0
CARLISE CARROLL	Secretary	1.00	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	$1,932,906	$1,740,634	$5,390,172	$192,272
2023	$1,807,588	$1,547,788	$5,380,845	$259,800
2022	$1,744,528	$1,639,056	$5,454,999	$105,472
2021	$1,666,208	$1,471,086	$5,596,227	$195,122
2020	$1,499,502	$1,386,749	$5,662,235	$112,753
2019	$1,471,022	$1,370,741	$5,237,591	$100,281
2018	$1,516,638	$1,303,710	$4,772,904	$212,928

COMMUNITY HOUSING SVC-PARK TOWERS INC