Parc Apartments Project Inc
Nonprofit profile at a glance
- EIN
- 364128726
- IRS 990-EZ coverage
- 2018–2024
- Forms available
- Form 990 2010, Form 990-EZ 2024
- Location
- Peoria, IL, USA
- Phone
- 3096913800
- Rating
- 93
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Senior Citizens' Housing/Retirement Communities
Reported finances
- Revenue
- $70,647
- Expenses
- $91,692
- Assets
- $344,495
- Liabilities
- $8,987
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Tim Prunty (President)
- Joe Corrigan (Vice President)
People named in this filing
- Tim Prunty (President)
- Laura Sniff (Director)
- Kyle Grafford (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide housing for individuals with intellectual and developmental disabilities
What it reported doing in 2024
Operates a nine unit apartment building for individuals with intellectual and developmental disabilities funded through a HUD 811 mortgage and Section 8 rent subsidy
Operating model
- Revenue model
- Earned-program. 98% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 93
- Transparency & Controls: 100
- Sustainability: 41
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 81.8%; rating input score 82
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -29.8%; rating input score 18; 18th percentile among comparable filings
- Total-asset coverage ratio: 3.76; rating input score 79; 79th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 24; 24th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 2.6% per year; rating input score 100; 56th percentile among comparable filings
- Revenue growth: 2.8% per year; rating input score 100; 63rd percentile among comparable filings
- Asset growth: -3.1% per year; rating input score 0; 28th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 81.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $75K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 6 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Operating margin scored 18/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 24/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.