PARKSIDE COURT

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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

SHARON KONOPA

Phone

5419265451

Tax Period

2023-01-01 to 2023-12-31

PARKSIDE COURT, founded in 1996, is a small nonprofit that reported $299K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $273K left a modest 9% surplus.

Mission

TO IMPROVE THE LIVES OF CITIZENS IN NEED THROUGH AFFORDABLE HOUSING AND SUPPORTIVE SERVICES.

Program Service Accomplishments

Program 1

Expenses: $272,673 Revenue: $299,333

PARKSIDE COURT WAS ACQUIRED BY APHCD IN 1996. IT CONSISTS OF 40 UNITS THAT RANGE IN SIZE FROM ONE TO THREE BEDROOMS. RECENT IMPROVEMENTS INCLUDE EXTERIOR PAINT, NEW GUTTERS, NEW ROOVES ON ALL...

PARKSIDE COURT WAS ACQUIRED BY APHCD IN 1996. IT CONSISTS OF 40 UNITS THAT RANGE IN SIZE FROM ONE TO THREE BEDROOMS. RECENT IMPROVEMENTS INCLUDE EXTERIOR PAINT, NEW GUTTERS, NEW ROOVES ON ALL APARTMENT BUILDINGS, AND PORCELAIN FLOOR TILE IN UNITS AS THEY ARE TURNED OVER.

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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 $0

Program Service Revenue $295,071

Investment Income $2,512

Other Revenue $1,750

TOTAL REVENUE $299,333

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $272,673

Other Expenses $272,673

TOTAL EXPENSES $272,673

Year-over-Year Comparison

	2023	2022	Change
Revenue	$299,333	$274,863	+0.1%
Expenses	$272,673	$228,194	+0.2%
Net Income	$26,660	$46,669	-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

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
BARBARA THAYER	MEMBER	1.00	Director	$0	$0	$0
SHARON KONOPA	PRESIDENT	3.00	Officer	$0	$0	$0
HECTOR CORDOVA	VICE PRESIDENT	1.00	Officer	$0	$0	$0
MICHAEL THOMSON	SECRETARY	1.00	Officer	$0	$0	$0
WILLIAM HANSEN	TREASURER	3.00	Officer	$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	No data	No data	No data	No data
2023	$299,333	$272,673	$733,392	$26,660