SOUTH NORFOLK ELDERLY HOUSING SERVICES INC (EIN 042700069) - 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

1980

Legal Domicile

Principal Officer

KEVIN FEENEY

Phone

7817844025

Tax Period

2023-01-01 to 2023-12-31

SOUTH NORFOLK ELDERLY HOUSING SERVICES INC, founded in 1980, is a micro nonprofit in the Housing & Shelter sector that reported $66K in total revenue in fiscal year 2023. Revenue fell 94% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $55K, a strong 83% operating margin.

Mission

PROVIDE HOUSING TO LOW-INCOME ELDERLY AND DISABLED INDIVIDUALS.

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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 $0

Investment Income $65,760

Other Revenue $0

TOTAL REVENUE $65,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,105

Other Expenses $11,105

TOTAL EXPENSES $11,105

Year-over-Year Comparison

	2023	2022	Change
Revenue	$65,760	$1,143,288	-0.9%
Expenses	$11,105	$1,181,102	-1.0%
Net Income	$54,655	$-37,814	-2.4%

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

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
VELMA COFFEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
PETER FLEMING	TREASURER	2.00	Officer Director	$0	$0	$0
ROBERT PANICO	CLERK	2.00	Officer Director	$0	$0	$0
KEVIN FEENEY	DIRECTOR	2.00	Director	$0	$0	$0
EDWIN LITTLE	DIRECTOR	2.00	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	No data	No data	No data	No data
2023	$65,760	$11,105	$2,588,977	$54,655
2022	$1,143,288	$1,181,102	$300,201	$-37,814
2021	$2,213,936	$1,676,048	$2,791,417	$537,888
2020	$1,696,702	$1,637,253	$2,448,434	$59,449
2019	$1,537,796	$1,591,470	$2,589,235	$-53,674
2018	$2,046,072	$1,506,986	$3,239,201	$539,086

SOUTH NORFOLK ELDERLY HOUSING SERVICES INC