COLONY RETIREMENT HOMES INC

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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

1963

Legal Domicile

Principal Officer

MICHAEL MILLS

Phone

5088525285

Tax Period

2023-01-01 to 2023-12-31

COLONY RETIREMENT HOMES INC, founded in 1963, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2023. The organization ran a surplus of $1.1M, a strong 37% operating margin.

Mission

COLONY RETIREMENT HOMES, INC. IS DEDICATED TO PROVIDING AFFORDABLE HOUSING FOR SENIORS OF LOW AND MODERATE INCOME.

Program Service Accomplishments

Program 1

Expenses: $1,137,858 Revenue: $2,143,606

DEVELOP AND PROVIDE SUBSIDIZED HOUSING FOR LOW AND MODERATE INCOME ELDERLY.

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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 $503,875

Program Service Revenue $2,105,618

Investment Income $336,169

Other Revenue $37,988

TOTAL REVENUE $2,983,650

Expense Breakdown

Grants Paid $0

Salaries & Benefits $680,374

Fundraising Expenses $0

Program Expenses $1,137,858

Other Expenses $1,193,730

TOTAL EXPENSES $1,874,104

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,983,650	$2,871,319	+0.0%
Expenses	$1,874,104	$1,750,770	+0.1%
Net Income	$1,109,546	$1,120,549	0.0%

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

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

$294,527

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MILLS	PRESIDENT	0.25	Officer Director	$0	$0	$0
JANE WANGARI	VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
BRAD CAMPBELL	TREASURER	0.25	Officer Director	$0	$0	$0
REVEREND MARGARET GIFFORD	MEMBER	0.25	Director	$0	$0	$0
REVEREND JANE WILLAN	MEMBER	0.25	Director	$0	$0	$0
ANDIE BYRD	MEMBER	0.25	Director	$0	$0	$0
CONSTANCE NICHOLS	MEMBER	0.25	Director	$0	$0	$0
DIANNE MANN	MEMBER	0.25	Director	$0	$0	$0
CHRIS EVANS	MEMBER	0.25	Director	$0	$0	$0
BOB WOODLAND	MEMBER	0.25	Director	$0	$0	$0
NINA DOW	MEMBER	0.25	Director	$0	$0	$0
MARIANNE DELOREY	EXECUTIVE DIRECTOR	10.00	Officer	$150,619	$22,475	$173,094
HUA XU	CONTROLLER	9.38	Officer	$106,269	$15,164	$121,433
TIMOTHY O'BRIEN	SITE SUPERINTENDENT	10.00	Highest	$102,490	$20,094	$122,584

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	$2,983,650	$1,874,104	$15,129,829	$1,109,546
2022	$2,871,319	$1,750,770	$13,997,625	$1,120,549
2021	$7,072,126	$1,544,908	$12,853,234	$5,527,218
2020	$2,288,564	$1,530,386	$7,309,223	$758,178
2019	$4,718,823	$1,528,324	$6,533,680	$3,190,499
2018	$1,609,826	$1,478,834	$3,363,782	$130,992