CHICAGO HEIGHTS, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SOUTHSTAR HOUSING INC, founded in 2006, is a micro nonprofit in the Housing & Shelter sector that reported $55K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $72K exceeded revenue, resulting in a 31% operating deficit.
SOUTH STAR HOUSING WAS FORMED IN 2006 FOR THE DEVELOPMENT AND OPERATION OF A DWELLING HOME FOR PERSONS WITH DEVELOPMENTAL DISABILITIES. THIS PROJECT, REFERRED TO AS THE CANDICE HOUSE, HAS SIX BEDROOMS AND HOUSES SIX ADULT WOMEN WHO ARE DEVELOPMENTALLY DELAYED. HOUSING IS OPERATED UNDER SECTION 811 OF THE NATIONAL HOUSING ACT AND REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. HOUSING'S MAJOR PROGRAM IS ITS SECTION 811 CAPITAL ADVANCE. HOUSING HAS ALSO ENTERED INTO A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) WITH HUD TO PROVIDE RENT SUBSIDIES, AND AS A RESULT, A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD. THE PROJECT IS MANAGED BY KMG MANAGEMENT LLC UNDER AN AGREEMENT APPROVED BY HUD WHICH PROVIDES FOR A MONTHLY MANAGEMENT FEE.
24-HOUR RESIDENTIAL CARE SERVICES - COMMUNITY LIVING SERVICES PROVIDES RESIDENTIAL HOMES FOR DEVELOPMENTALLY DISABLED INDIVIDUALS IN A NEIGHBORHOOD SETTING WHERE PARTICIPATING IN THE COMMUNITY IS...
24-HOUR RESIDENTIAL CARE SERVICES - COMMUNITY LIVING SERVICES PROVIDES RESIDENTIAL HOMES FOR DEVELOPMENTALLY DISABLED INDIVIDUALS IN A NEIGHBORHOOD SETTING WHERE PARTICIPATING IN THE COMMUNITY IS EMPHASIZED.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $54,723 | $61,807 | -0.1% |
| Expenses | $71,808 | $73,029 | 0.0% |
| Net Income | $-17,085 | $-11,222 | +0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RICK THIERNAU | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MIKE RYAN | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| NED HORNEY | SECRETARY/TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| REBECCA NAGLE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LARRY OWENS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARCHELLE GOENS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KELLY BERARDELLI | PRESIDENT/CEO | 1.00 |
Officer
|
$0 | $678 | $196,543 |
| GUS VAN DEN BRINK | INTERIM PRESIDENT/CEO - LEFT 10/24 | 1.00 |
Officer
|
$0 | $23,749 | $191,357 |
| MARY GONZALEZ | CHIEF FINANCIAL OFFICER | 1.00 |
Officer
|
$0 | $19,127 | $144,378 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $54,723 | $71,808 | $386,405 | $-17,085 |
| 2024 | $61,807 | $73,029 | $422,293 | $-11,222 |
| 2023 | $45,003 | $80,997 | $442,606 | $-35,994 |
| 2022 | $56,696 | $63,145 | $450,987 | $-6,449 |
| 2021 | $49,624 | $67,952 | $460,288 | $-18,328 |
| 2020 | $56,832 | $53,917 | $486,640 | $2,915 |
| 2019 | $40,267 | $44,702 | $483,491 | $-4,435 |
| 2018 | $30,019 | $64,568 | $510,630 | $-34,549 |
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