HERITAGE PLACE PHASE III DBA ORCHARD RIDGE INDEPENDENT LIVING - E (EIN 202654649) - 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

2007

Legal Domicile

Principal Officer

ANN JOHNSON

Phone

2086642680

Tax Period

2023-01-01 to 2023-12-31

HERITAGE PLACE PHASE III DBA ORCHARD RIDGE INDEPENDENT LIVING - E, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $383K in total revenue in fiscal year 2023. Revenue surged 187% from the prior year, signaling strong growth momentum. The organization ran a surplus of $65K, a strong 17% operating margin.

Mission

TO PROVIDE LOW INCOME HOUSING FOR THE ELDERLY. THE PROJECT IS A U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT SUBSIDIZED SECTION 8 PROGRAM.

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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 $277,253

Program Service Revenue $102,616

Investment Income $2,920

Other Revenue $0

TOTAL REVENUE $382,789

Expense Breakdown

Grants Paid $0

Salaries & Benefits $97,448

Fundraising Expenses $0

Program Expenses $226,626

Other Expenses $220,407

TOTAL EXPENSES $317,855

Year-over-Year Comparison

	2023	2022	Change
Revenue	$382,789	$133,388	+1.9%
Expenses	$317,855	$217,841	+0.5%
Net Income	$64,934	$-84,453	-1.8%

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

$157,687

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN JOHNSON	Executive Dir.	5.00	Officer	$0	$13,686	$157,687
SARAH MCLAIN	Secretary	0.50	Officer Director	$0	$0	$0
ANN FARRAR	Director	0.50	Director	$0	$0	$0
SUZANNE SUTTON METZGER	Director	0.50	Director	$0	$0	$0
TONY BERNS	Director	0.50	Director	$0	$0	$0
MIKE WILSON	Treasurer	0.50	Officer Director	$0	$0	$0
DAVID BOBBITT	Director	0.50	Director	$0	$0	$0
ROD COLWELL	President	0.50	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	$382,789	$317,855	$2,442,794	$64,934
2022	$133,388	$217,841	$2,405,230	$-84,453
2021	$141,022	$209,836	$2,475,342	$-68,814
2020	$137,860	$234,509	$2,543,040	$-96,649
2019	$133,416	$198,879	$2,630,441	$-65,463
2018	$120,104	$196,211	$2,696,674	$-76,107

HERITAGE PLACE PHASE III DBA ORCHARD RIDGE INDEPENDENT LIVING - E