Heritage Plaza Phase I (EIN 911749104) - 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

1996

Legal Domicile

Phone

5302417740

Tax Period

2023-07-01 to 2024-06-30

Heritage Plaza Phase I, founded in 1996, is a micro nonprofit in the Housing & Shelter sector that reported $64K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $26K, a strong 40% operating margin.

Mission

To provide low income housing funding, in part, through HUD funding and rent subsidies.

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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 $64,407

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $64,407

Expense Breakdown

Grants Paid $5,696

Salaries & Benefits $3,870

Fundraising Expenses $0

Program Expenses $28,722

Other Expenses $28,894

TOTAL EXPENSES $38,460

Year-over-Year Comparison

	2023	2022	Change
Revenue	$64,407	$72,842	-0.1%
Expenses	$38,460	$32,076	+0.2%
Net Income	$25,947	$40,766	-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

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

N/A

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

$3,555

Total Directors

$3,870

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ron Smith	Treasurer	4.00	Officer Director	$3,368	$0	$3,368
Ron Stone	Director	1.00	Director	$315	$0	$315
Robert Miller	President	4.00	Officer Director	$187	$0	$187
Michael Daniels	Vice President	1.00	Officer Director	$0	$0	$0
Sherry Rosen	Secretary	1.00	Officer Director	$0	$0	$0
John Vance	Director	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	$64,407	$38,460	$1,605,991	$25,947
2023	$72,842	$32,076	$1,571,416	$40,766
2022	$57,996	$36,907	$1,527,722	$21,089
2021	$25,079	$18,109	$1,031,399	$6,970
2020	$-25,680	$18,867	$951,773	$-44,547
2019	$91,030	$22,950	$790,318	$68,080
2018	$31,598	$28,033	$732,724	$3,565

Heritage Plaza Phase I