SALT & LIGHT HOUSING I INC

EIN: 201260729 501(c)(3) Housing & Shelter

MOUNT HOLLY, NJ

Total Revenue
$23,305
Total Expenses
$37,240
Total Assets
$510,699
Net Assets
$506,387
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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
2004
Legal Domicile
NJ
Principal Officer
QINDI SHI
Phone
6092675928
Tax Period
2023-07-01 to 2024-06-30

SALT & LIGHT HOUSING I INC, founded in 2004, is a micro nonprofit in the Housing & Shelter sector that reported $23K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $37K exceeded revenue, resulting in a 60% operating deficit.

Mission

TO PROVIDE ELDERLY OR DISABLED PERSONS WITH HOUSING FACILITIES.

Program Service Accomplishments

Program 1
Expenses: $37,240 Revenue: $23,289

TO PROVIDE ELDERLY OR DISABLED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS...

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TO PROVIDE ELDERLY OR DISABLED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY, 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $23,289
Investment Income $16
Other Revenue $0
TOTAL REVENUE $23,305

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $37,240
Other Expenses $37,240
TOTAL EXPENSES $37,240

Year-over-Year Comparison

2023 2022 Change
Revenue $23,305 $35,152 -0.3%
Expenses $37,240 $50,751 -0.3%
Net Income $-13,935 $-15,599 -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

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Governance

Voting Members
6
Independent Members
6
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
3
$1,059,657
Total Directors
6
$1,059,657
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DERRY HOLLAND PRESIDENT 1.00
Officer Director
$0 $59,141 $626,112
QINDI SHI SECRETARY/TREASURER 1.00
Officer Director
$0 $59,261 $433,545
COLLEEN CRANDALL VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
AARON NELSON TRUSTEE 1.00
Director
$0 $0 $0
CHELSEA CARTER TRUSTEE 1.00
Director
$0 $0 $0
MARIANNE ALEARDI TRUSTEE 1.00
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
2025 No data No data No data No data
2024 $23,305 $37,240 $510,699 $-13,935
2023 $35,152 $50,751 $524,634 $-15,599
2022 $32,409 $52,343 $543,531 $-19,934
2021 $32,460 $77,070 $559,381 $-44,610
2020 $33,908 $94,950 $603,991 $-61,042
2019 $33,468 $47,836 $665,033 $-14,368
2018 $36,643 $49,756 $679,401 $-13,113
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