HEGEMON CREST SENIOR HOUSING INC (EIN 201535531) - 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

2004

Legal Domicile

Principal Officer

DARRELL A FRANCIS

Phone

6144372518

Tax Period

2023-01-01 to 2023-12-31

HEGEMON CREST SENIOR HOUSING INC, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $426K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $598K exceeded revenue, resulting in a 40% operating deficit.

Mission

TO PROVIDE AFFORDABLE ACCESSIBLE HOUSING TO THE ELDERLY AND HANDICAPPED PERSONS.

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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 $247,437

Program Service Revenue $164,608

Investment Income $9,128

Other Revenue $4,521

TOTAL REVENUE $425,694

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $567,703

Other Expenses $597,746

TOTAL EXPENSES $597,746

Year-over-Year Comparison

	2023	2022	Change
Revenue	$425,694	$387,535	+0.1%
Expenses	$597,746	$608,277	0.0%
Net Income	$-172,052	$-220,742	-0.2%

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
DR EDGAR POSEY	CHAIRMAN	2.00	Officer Director	$0	$0	$0
DARRELL FRANCIS	TREASURER	2.00	Officer Director	$0	$0	$0
RHONDA SMITH	SECRETARY	2.00	Officer Director	$0	$0	$0
GAIL WHALEN	ASSISTANT TREASURER	2.00	Officer Director	$0	$0	$0
SHERYL BOYD	MEMBER	0.00	Director	$0	$0	$0
VELMA VALENTINE	MEMBER	0.00	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	$425,694	$597,746	$2,527,405	$-172,052
2022	$387,535	$608,277	$2,612,620	$-220,742
2021	$396,436	$543,998	$2,734,673	$-147,562
2020	$554,893	$472,908	$2,846,405	$81,985
2019	$402,943	$454,394	$2,746,594	$-51,451
2018	$441,061	$593,055	$2,802,368	$-151,994

HEGEMON CREST SENIOR HOUSING INC