HFL PALMS COURT CO CARING HOUSING … - Form 990 Financial Data

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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

8182541414

Tax Period

2024-01-01 to 2024-12-31

HFL PALMS COURT CO CARING HOUSING MINISTRIES, founded in 1996, is a small nonprofit in the Human Services sector that reported $335K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

To provide Low Income Housing to mentally ill and services specially designed to meet their physical, social and psychological needs and to promote their health, security and happiness. The Project receives a substantial portion of their rental revenue from HUD under Section 811 Project Rental Assistance Contract (PRAC).

Program Service Accomplishments

Program 1

Expenses: $345,616 Revenue: $335,012

Low income housing for the mentally ill and services specially designed to meet their physical, social and psychological needs. The Project receives rental assistance provided by HUD under Section...

Low income housing for the mentally ill and services specially designed to meet their physical, social and psychological needs. The Project receives rental assistance provided by HUD under Section 811 - Project Rental Assistance Contract (PRAC).

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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 $0

Program Service Revenue $325,657

Investment Income $9,355

Other Revenue $0

TOTAL REVENUE $335,012

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $345,616

Other Expenses $345,616

TOTAL EXPENSES $345,616

Year-over-Year Comparison

	2024	2023	Change
Revenue	$335,012	$303,777	+0.1%
Expenses	$345,616	$544,086	-0.4%
Net Income	$-10,604	$-240,309	-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

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
Larry Haramoto	President	1.00	Officer Director	$0	$0	$0
David P Bailey	Treasurer	1.00	Officer Director	$0	$0	$0
Carlene Kerker	Secretary	0.50	Officer 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	$335,012	$345,616	$775,543	$-10,604
2023	$303,777	$544,086	$760,293	$-240,309
2022	$272,866	$374,302	$804,009	$-101,436
2021	$259,201	$354,329	$872,102	$-95,128
2020	$251,869	$320,039	$951,658	$-68,170
2019	$237,925	$309,851	$1,010,225	$-71,926
2018	$220,867	$283,247	$1,079,039	$-62,380

HFL PALMS COURT CO CARING HOUSING MINISTRIES