COUNCIL OF ELDERS HOUSING CORPORAT… - 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

1980

Legal Domicile

Principal Officer

RUDOLPH R RUSSELL JR

Phone

6173632300

Tax Period

2023-01-01 to 2023-12-31

COUNCIL OF ELDERS HOUSING CORPORATION, founded in 1980, is a micro nonprofit in the Housing & Shelter sector that reported $53K in total revenue in fiscal year 2023. Revenue surged 276% from the prior year, signaling strong growth momentum. The organization ran a surplus of $38K, a strong 73% operating margin.

Mission

TO PROVIDE HOUSING TO ELDERLY, HANDICAPPED, AND LOW-INCOME PERSONS.

Program Service Accomplishments

Program 1

Expenses: $14,542 Revenue: $130

PROVIDED A FACILITY LOCATED IN BOSTON, MASSACHUSETTS WITH 144 LOW-INCOME HOUSING UNITS TO ELDERLY PERSONS WITH FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND...

PROVIDED A FACILITY LOCATED IN BOSTON, MASSACHUSETTS WITH 144 LOW-INCOME HOUSING UNITS TO ELDERLY PERSONS WITH FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS TO PROMOTE THEIR HEALTH, HAPPINESS, AND USEFULNESS IN LONGER LIVING.

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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 $80

Investment Income $52,836

Other Revenue $50

TOTAL REVENUE $52,966

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $14,542

Other Expenses $14,542

TOTAL EXPENSES $14,542

Year-over-Year Comparison

	2023	2022	Change
Revenue	$52,966	$14,070	+2.8%
Expenses	$14,542	$19,845	-0.3%
Net Income	$38,424	$-5,775	-7.7%

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
CHERYL DORSEY	TREASURER	0.15	Officer Director	$0	$0	$0
MARIE E COLEMAN	DIRECTOR	0.15	Director	$0	$0	$0
MARILYN FLOWERS MARION	ASST. CLERK	0.15	Officer Director	$0	$0	$0
NANCY EMERSON-LOMBARDO	CLERK	0.15	Officer Director	$0	$0	$0
RUDOLPH R RUSSELL JR	CO-PRESIDENT	0.15	Officer Director	$0	$0	$0
VICTORIA WILLIAMS	CO-PRESIDENT	0.15	Officer Director	$0	$0	$0
ROYAL L BOLLING JR	DIRECTOR	0.15	Director	$0	$0	$0
LOUIS A ELISA II	VICE PRESIDENT	0.15	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	No data	No data	No data	No data
2023	$52,966	$14,542	$7,139,793	$38,424
2022	$14,070	$19,845	$7,180,785	$-5,775
2021	$2,195,637	$2,534,346	$7,099,196	$-338,709
2020	$2,946,181	$3,039,254	$10,011,229	$-93,073
2019	$2,933,175	$3,035,991	$10,167,647	$-102,816
2018	$2,859,923	$2,887,631	$10,337,825	$-27,708

COUNCIL OF ELDERS HOUSING CORPORATION