EDGEMONT ELMS HOUSING 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

2007

Legal Domicile

Principal Officer

RALPH STALEY

Phone

9196831551

Tax Period

2023-01-01 to 2023-12-31

EDGEMONT ELMS HOUSING INC, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $591K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $655K exceeded revenue, resulting in a 11% operating deficit.

Mission

EDGEMONT ELMS IS A NON-PROFIT ENTITY WHOSE MISSION IS TO ACQUIRE, CONSTRUCT, DEVELOP AND MAINTAIN AFFORDABLE HOUSING, AND TO REVITALIZE COMMUNITIES AND NEIGHBORHOODS WITHIN DURHAM, NORTH CAROLINA.

Program Service Accomplishments

Program 1

Expenses: $485,520 Revenue: $590,769

EDGEMONT ELMS IS A NON-PROFIT ENTITY WHOSE MISSION IS TO ACQUIRE, CONSTRUCT, DEVELOP AND MAINTAIN AFFORDABLE HOUSING, AND TO REVITALIZE COMMUNITIES AND NEIGHBORHOODS WITHIN DURHAM, NORTH CAROLINA. IT CURRENTLY OPERATES EDGEMONT ELMS TOWNHOMES, WHICH IS COMPRISED OF FIFTY-EIGHT (58) APARTMENT UNITS INCLUDING SIXTEEN (16) PUBLIC HOUSING UNITS. EDGEMONT ELMS WAS COMPLETED IN 1990 AND IS LOCATED NEAR DOWNTOWN DURHAM. THIS 58 UNIT COMPLEX SERVES AS PART OF A REDEVELOPMENT PLAN FOR THE EDGEMONT COMMUNITY.

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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 $590,769

Investment Income $0

Other Revenue $0

TOTAL REVENUE $590,769

Expense Breakdown

Grants Paid $0

Salaries & Benefits $104,974

Fundraising Expenses $0

Program Expenses $485,520

Other Expenses $549,851

TOTAL EXPENSES $654,825

Year-over-Year Comparison

	2023	2022	Change
Revenue	$590,769	$504,942	+0.2%
Expenses	$654,825	$604,325	+0.1%
Net Income	$-64,056	$-99,383	-0.4%

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

$496,049

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY WILLIAMS	CHAIR	0.50	Director	$0	$0	$0
ROBERT BO GLENN	DIRECTOR	0.50	Director	$0	$0	$0
DANIEL C HUDGINS	DIRECTOR	0.50	Director	$0	$0	$0
PEBBLES LUCAS	DIRECTOR	0.50	Director	$0	$0	$0
ANGELA HOLMES	DIRECTOR	0.50	Director	$0	$0	$0
JILLIAN JOHNSON	CITY LIAISON	0.50	Director	$0	$0	$0
MAYME WEBB-BLEDSOE	DIRECTOR	0.50	Director	$0	$0	$0
TORRELL ARMSTRONG	DIRECTOR	0.50	Director	$0	$0	$0
ANTHONY SCOTT	CHIEF EXECUTIVE OFFICER	1.00	Officer	$0	$0	$209,740
DENITA JOHNSON	CHIEF OPERATING OFFICER	1.00	Officer	$0	$0	$160,168
RALPH STALEY	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$0	$126,141
ANTHONY SNELL	DIRECTOR OF DEVELOPMENT	1.00	Highest	$0	$0	$129,725
KAREN LADO	CNI-DEVELOPMENT	1.00	Highest	$0	$0	$126,998
CARLA WALTON	DIRECTOR OF ADMINISTRATION	1.00	Highest	$0	$0	$119,902
DOMINIQUE DUNN	DIRECTOR OF HOUSING	1.00	Highest	$0	$0	$109,094

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	$590,769	$654,825	$1,538,197	$-64,056
2022	$504,942	$604,325	$1,562,985	$-99,383
2021	$502,624	$548,612	$1,671,438	$-45,988
2020	$435,223	$621,704	$1,785,259	$-186,481
2019	$432,515	$581,526	$1,986,784	$-149,011
2018	$690,725	$709,455	$2,118,492	$-18,730