SPRINGFIELD SENIOR CITIZENS HOUSING INC (EIN 222169374) - 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

1972

Legal Domicile

Principal Officer

WALTER PETERSON

Phone

9734671480

Tax Period

2023-01-01 to 2023-12-31

SPRINGFIELD SENIOR CITIZENS HOUSING INC, founded in 1972, is a community nonprofit in the Housing & Shelter sector that reported $2.7M in total revenue in fiscal year 2023. The organization ran a surplus of $907K, a strong 34% operating margin.

Mission

TO PROVIDE LIVING ACCOMODATIONS TO SENIOR CITIZENS AT AFFORDABLE RATES.

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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 $2,137,974

Program Service Revenue $526,190

Investment Income $840

Other Revenue $4,956

TOTAL REVENUE $2,669,960

Expense Breakdown

Grants Paid $0

Salaries & Benefits $339,745

Fundraising Expenses $0

Program Expenses $1,637,632

Other Expenses $1,423,233

TOTAL EXPENSES $1,762,978

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,669,960	$2,603,219	+0.0%
Expenses	$1,762,978	$1,712,309	+0.0%
Net Income	$906,982	$890,910	+0.0%

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
WALTER PETERSON	PRESIDENT	10.00	Officer Director	$0	$0	$0
DANIEL MCCARTHY	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
PHILIP HUNRATH	TREASURER	5.00	Officer Director	$0	$0	$0
EDWARD J SHAFFERY JR	SECRETARY	5.00	Officer Director	$0	$0	$0
STANLEY GROSSMAN	DIRECTOR	5.00	Director	$0	$0	$0
DONALD J LUSARDI SR	DIRECTOR	5.00	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	$2,669,960	$1,762,978	$11,046,505	$906,982
2022	$2,603,219	$1,712,309	$10,144,206	$890,910
2021	$2,694,134	$1,568,797	$9,126,811	$1,125,337
2020	$2,398,887	$1,740,982	$8,238,037	$657,905
2019	$2,250,021	$1,990,940	$7,262,807	$259,081
2018	$2,174,933	$2,032,524	$6,879,451	$142,409

SPRINGFIELD SENIOR CITIZENS HOUSING INC