STERLING SENIOR HOUSING (EIN 141866405) - 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

2002

Legal Domicile

Principal Officer

JOSEPH THOMPSON

Phone

3038303300

Tax Period

2023-01-01 to 2023-12-31

STERLING SENIOR HOUSING, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $207K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $287K exceeded revenue, resulting in a 39% operating deficit.

Mission

TO DEVELOP, FINANCE AND OPERATE AFFORDABLE HOUSING FOR FAMILIES, SENIORS AND PEOPLE WITH SPECIAL NEEDS WHO LACK THE ECONOMIC RESOURCES REQUIRED OF HOUSING OPPORTUNITIES

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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 $126,943

Program Service Revenue $74,475

Investment Income $1,274

Other Revenue $4,734

TOTAL REVENUE $207,426

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $275,441

Other Expenses $287,494

TOTAL EXPENSES $287,494

Year-over-Year Comparison

	2023	2022	Change
Revenue	$207,426	$190,443	+0.1%
Expenses	$287,494	$266,681	+0.1%
Net Income	$-80,068	$-76,238	+0.1%

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

N/A

Employees

N/A

Volunteers

N/A

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

$1,311,671

Total Directors

$301,238

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COLIN MORGAN-CROSS	VICE PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$12,236	$194,690
SHERIF AZAB	VICE PRESIDENT/DIRECTOR (UNTIL 6/23)	1.00	Officer Director	$0	$1,425	$57,012
MENA PEEBLES	VICE PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$6,413	$49,536
CHAD PAYNE	TREASURER	1.00	Officer	$0	$8,496	$200,685
JOSEPH ROSENBLUM	SECRETARY	1.00	Officer	$0	$10,201	$232,549
JOSEPH THOMPSON	PRESIDENT	1.00	Officer	$0	$42,779	$277,680
MELISSA CLAYTON	VICE PRESIDENT	1.00	Officer	$0	$33,798	$299,519

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	$207,426	$287,494	$1,179,295	$-80,068
2022	$190,443	$266,681	$1,257,907	$-76,238
2021	$178,492	$269,419	$1,329,854	$-90,927
2020	$187,163	$264,476	$1,413,199	$-77,313
2019	$186,957	$262,863	$1,492,688	$-75,906
2018	$174,112	$255,075	$1,568,854	$-80,963

STERLING SENIOR HOUSING