PLYMOUTH HOUSING GROUP AND SUBSIDIARIES (EIN 911122621) - 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

1980

Legal Domicile

Principal Officer

JOHN SIDDALL

Phone

2062100510

Tax Period

2023-01-01 to 2023-12-31

PLYMOUTH HOUSING GROUP AND SUBSIDIARIES, founded in 1980, is a mid-sized nonprofit in the Housing & Shelter sector that reported $60.4M in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $72.8M exceeded revenue, resulting in a 21% operating deficit.

Mission

DEVELOPS AND MANAGES AFFORDABLE HOUSING FOR HOMELESS AND VERY LOW INCOME INDIVIDUALS.

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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 $47,377,731

Program Service Revenue $13,448,227

Investment Income $971,967

Other Revenue $-1,407,369

TOTAL REVENUE $60,390,556

Expense Breakdown

Grants Paid $12,535,639

Salaries & Benefits $31,300,920

Fundraising Expenses $1,865,551

Program Expenses $64,120,637

Other Expenses $28,944,452

TOTAL EXPENSES $72,781,011

Year-over-Year Comparison

	2023	2022	Change
Revenue	$60,390,556	$42,186,903	+0.4%
Expenses	$72,781,011	$55,953,419	+0.3%
Net Income	$-12,390,455	$-13,766,516	-0.1%

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

Governance

Voting Members

Independent Members

Employees

429

Volunteers

150

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

$486,245

Total Directors

Key Employees

$279,815

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW DEVORE	TRUSTEE	1.00	Director	$0	$0	$0
BEN STRAUGHAN	VICE PRESIDENT	1.00	Director	$0	$0	$0
CHUCK RILEY	TREASURER	1.00	Director	$0	$0	$0
DAVID CHEN	TRUSTEE	1.00	Director	$0	$0	$0
DEB WHITE	TRUSTEE	1.00	Director	$0	$0	$0
EMILY HESTON	TRUSTEE	1.00	Director	$0	$0	$0
JANE ZALUTSKY	IMMEDIATE PAST PRESIDENT	1.00	Director	$0	$0	$0
KALEY RUNSTAD SWAN	TRUSTEE	1.00	Director	$0	$0	$0
KAREN CHANG	SECRETARY	1.00	Director	$0	$0	$0
LAINEY SICKINGER	PRESIDENT	1.00	Director	$0	$0	$0
LAURA BACHMAN	TRUSTEE	1.00	Director	$0	$0	$0
LAVINA SADHWANI	TRUSTEE	1.00	Director	$0	$0	$0
MARK BARBIERI	TRUSTEE	1.00	Director	$0	$0	$0
MARY IVES	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW CAZIER	TRUSTEE	1.00	Director	$0	$0	$0
NELLY MUBASHI	TRUSTEE	1.00	Director	$0	$0	$0
OLIVIA DOYLE	TRUSTEE	1.00	Director	$0	$0	$0
SATIS THOMAS	TRUSTEE	1.00	Director	$0	$0	$0
SEAN BRENNAN	TRUSTEE	1.00	Director	$0	$0	$0
STEPHANIE KRISTEN	TRUSTEE	1.00	Director	$0	$0	$0
JOHN R SIDDALL	CHIEF FINANCIAL OFFICER	40.00	Officer	$140,065	$7,093	$147,158
KAREN LEE	CHIEF EXECUTIVE OFFICER	40.00	Officer	$320,449	$18,638	$339,087
ANDREA CARNES	CHIEF OPERATIONS OFFICER	40.00	Key Emp	$258,589	$21,226	$279,815
HUYNH CHHOR	VICE PRESIDENT OF BEHAVIORAL HEALTH INTEGRATION	40.00	Highest	$192,684	$8,943	$201,627
KAREN PETERSON	VICE PRESIDENT OF REAL ESTATE	40.00	Highest	$199,987	$18,784	$218,771
KIMBERLY ARRINGTON-WHITE	VICE PRESIDENT OF SUPPORTIVE HOUSING	40.00	Highest	$197,794	$20,783	$218,577
SHOKO TOYAMA	VP & CHIEF OF DEVELOPMENT & COMMUNITY	40.00	Highest	$202,219	$18,550	$220,769
TIMOTHY M JONES	DIRECTOR OF INFORMATION TECHNOLOGY	40.00	Highest	$188,265	$18,646	$206,911

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	$60,390,556	$72,781,011	$350,186,018	$-12,390,455
2022	$42,186,903	$55,953,419	$321,439,430	$-13,766,516
2021	$48,610,871	$48,054,317	$309,732,107	$556,554
2020	$46,643,068	$43,142,055	$249,778,713	$3,501,013
2019	$75,289,823	$36,093,514	$211,734,276	$39,196,309
2018	$33,398,073	$25,704,415	$65,037,837	$7,693,658

PLYMOUTH HOUSING GROUP AND SUBSIDIARIES