PLEASANT STREET RESIDENCES (EIN 920758960) - 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

2022

Legal Domicile

Principal Officer

CATHY BATTISTELLI

Phone

6032903375

Tax Period

2024-07-01 to 2025-06-30

PLEASANT STREET RESIDENCES, founded in 2022, is a small nonprofit in the Housing & Shelter sector that reported $114K in total revenue in fiscal year 2024. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $130K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO ACQUIRE, REHABILITATE, AND OPERATE AN EIGHT-UNIT RESIDENTIAL RENTAL PROPERTY FOR INDIVIDUALS COMING FROM HOMELESSNESS. IT WAS FORMED TO SUPPORT THE MISSION OF ITS SOLE MEMBER, CCEH BY HOLDING TITLE TO THE PROJECT AND TURNING OVER ANY EXCESS PROCEEDS FROM ITS OPERATION.

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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 $99,729

Program Service Revenue $12,609

Investment Income $1,464

Other Revenue $210

TOTAL REVENUE $114,012

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $130,067

TOTAL EXPENSES $130,067

Year-over-Year Comparison

	2024	2023	Change
Revenue	$114,012	$1,053,096	-0.9%
Expenses	$130,067	$6,998	+17.6%
Net Income	$-16,055	$1,046,098	-1.0%

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

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

$100,961

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENJAMIN FOLSOM	SECRETARY	1.00	Officer Director	$0	$0	$0
ALEXANDRIA PANAGIOTAKOS	TREASURER	1.00	Officer Director	$0	$0	$0
CATHY BATTISTELLI	CHAIR	1.00	Officer Director	$0	$0	$0
JOANIE MCINTIRE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KAREN JANTZEN	EXECUTIVE DIRECTOR	1.00	Officer	$0	$0	$100,961

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
2025	$114,012	$130,067	$2,537,812	$-16,055
2024	$1,053,096	$6,998	$2,529,641	$1,046,098

PLEASANT STREET RESIDENCES