PARKWAY HOUSING INC (EIN 943292156) - 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

1999

Legal Domicile

Principal Officer

DONALD A GILMORE

Phone

5104129290

Tax Period

2023-01-01 to 2023-12-31

PARKWAY HOUSING INC, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $208K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $351K exceeded revenue, resulting in a 68% operating deficit.

Mission

PROVIDE PERMANENT AND AFFORDABLE HOUSING IN NORTH RICHMOND, PRIMARILY FOR CURRENT AND FORMER RESIDENTS OF THE COMMUNITY. TO ELIMINATE CURRENT BLIGHTED CONDITIONS AND DEVELOP AFFORDABLE HOUSING.

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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 $132,472

Investment Income $0

Other Revenue $75,760

TOTAL REVENUE $208,232

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $323,578

Other Expenses $350,539

TOTAL EXPENSES $350,539

Year-over-Year Comparison

	2023	2022	Change
Revenue	$208,232	$236,787	-0.1%
Expenses	$350,539	$49,804	+6.0%
Net Income	$-142,307	$186,983	-1.8%

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
FRED LAMBRIGHT	Treasurer	1.00	Officer Director	$0	$0	$0
JENNY HICKS	President	1.00	Officer Director	$0	$0	$0
LARRY TAYLOR	Vice President	1.00	Officer Director	$0	$0	$0
MARIA BENJAMIN	Secretary	1.00	Officer Director	$0	$0	$0
DONALD A GILMORE	Executive Dir.	2.00	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	$208,232	$350,539	$667,101	$-142,307
2022	$236,787	$49,804	$843,459	$186,983
2021	$10,902	$39,403	$660,838	$-28,501
2020	$39,503	$46,666	$669,622	$-7,163
2019	No data	$43,437	$654,746	No data
2018	$72,160	$45,893	$698,129	$26,267

PARKWAY HOUSING INC