Heritage Plaza Phase II

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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

Principal Officer

Robert Miller

Phone

5302417740

Tax Period

2020-07-01 to 2021-06-30

Heritage Plaza Phase II, founded in 1996, is a micro nonprofit that reported $23K in total revenue in fiscal year 2020. The organization ran a surplus of $9K, a strong 36% operating margin.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $11,025

The organization provides low income housing funding, in part, with rent subsidies provided by the U.S. Department of Housing and Urban Development. Additionally, the project was orgiginally...

The organization provides low income housing funding, in part, with rent subsidies provided by the U.S. Department of Housing and Urban Development. Additionally, the project was orgiginally constructed with funds provided by FHA. Both sources of support require the project to comply with HUD requirements concerning eligibility of program participants.

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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 (2020)

Revenue Breakdown

Contributions & Grants $23,113

Program Service Revenue $0

Investment Income $352

Other Revenue $0

TOTAL REVENUE $23,465

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,104

Fundraising Expenses $0

Program Expenses $11,025

Other Expenses $12,803

TOTAL EXPENSES $14,907

Year-over-Year Comparison

	2020	2019	Change
Revenue	$23,465	$-28,686	-1.8%
Expenses	$14,907	$15,436	0.0%
Net Income	$8,558	$-44,122	-1.2%

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

$1,969

Total Directors

$2,104

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ron Smith	Treasurer	4.00	Officer Director	$1,474	$0	$1,474
Robert Miller	President	4.00	Officer Director	$495	$0	$495
Ron Stone	Director	1.00	Director	$135	$0	$135
Michael Daniels	Vice President	1.00	Officer Director	$0	$0	$0
Gerald Christensen	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
2021	$23,465	$14,907	$759,119	$8,558
2020	$-28,686	$15,436	$738,534	$-44,122
2019	$79,273	$18,058	$780,812	$61,215
2018	$29,668	$22,218	$731,317	$7,450