SPOTSWOOD REFORMED CHURCH SENIOR C… - Form 990 Financial Data

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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

1976

Legal Domicile

Principal Officer

KEN VAN WAGENINGE

Phone

7322513242

Tax Period

2025-01-01 to 2025-12-31

SPOTSWOOD REFORMED CHURCH SENIOR CITIZENS HOUSING CORP, founded in 1976, is a community nonprofit in the Housing & Shelter sector that reported $3.1M in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $538K, a strong 17% operating margin.

Mission

PROVIDE LOW RENTAL HOUSING FOR LOW INCOME OR HANDICAPPED CITIZENS IN COMPLIANCE WITH HUD CONTRACT 031-11066.

Program Service Accomplishments

Program 1

Expenses: $1,857,804 Revenue: $2,840,328

PROVIDE LOW RENTAL HOUSING FOR LOW INCOME OR HANDICAPPED CITIZENS IN COMPLIANCE WITH HUD CONTRACT 031-11066.

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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 (2025)

Revenue Breakdown

Contributions & Grants $104,766

Program Service Revenue $2,840,328

Investment Income $9,478

Other Revenue $141,394

TOTAL REVENUE $3,095,966

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,226,155

Fundraising Expenses $0

Program Expenses $1,857,804

Other Expenses $1,331,696

TOTAL EXPENSES $2,557,851

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,095,966	$2,817,789	+0.1%
Expenses	$2,557,851	$2,445,993	+0.0%
Net Income	$538,115	$371,796	+0.4%

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

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

$233,587

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY CANO	TRUSTEE	5.00	Director	$0	$0	$0
MARCIA HALBERT	TRUSTEE	5.00	Director	$0	$0	$0
LUKE KNOX	TRUSTEE	5.00	Director	$0	$0	$0
SHARON MILLER	TRUSTEE	5.00	Director	$0	$0	$0
DAVID SLIKER	TRUSTEE	5.00	Director	$0	$0	$0
CHARLES UHL	TRUSTEE	5.00	Director	$0	$0	$0
KATHY ROMERO	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
PETER SIANO	SECRETARY	5.00	Officer Director	$0	$0	$0
KEN VAN WAGENINGE	PRESIDENT	10.00	Officer Director	$0	$0	$0
LINDA SOLEY	MANAGER	40.00	Officer	$181,458	$52,129	$233,587
ED EMMONS	BUILDING SUPERINTENDENT	35.00	Highest	$134,528	$62,677	$197,205

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	$3,095,966	$2,557,851	$3,175,481	$538,115
2024	$2,817,789	$2,445,993	$2,781,249	$371,796
2023	$2,672,519	$2,314,765	$2,611,955	$357,754
2022	$2,542,732	$2,387,800	$2,408,277	$154,932
2021	$2,410,450	$2,392,567	$2,171,302	$17,883
2020	$2,117,892	$2,128,910	$2,199,211	$-11,018

SPOTSWOOD REFORMED CHURCH SENIOR CITIZENS HOUSING CORP