THE ELMS INC

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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

1983

Legal Domicile

Principal Officer

MICHAEL MORIARTY

Phone

4135337101

Tax Period

2024-08-01 to 2025-07-31

THE ELMS INC, founded in 1983, is a small nonprofit that reported $933K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $827K left a modest 11% surplus.

Mission

TO PROVIDE HOUSING FACILITIES TO ELDERLY PERSONS & HANDICAPPED PERSONS. SUCH FACILITIES ARE SPECIFICALLY DESIGNED TO MEET PHYSICAL, SOCIAL, PSYCHOLOGICAL & LIFESTYLE NEEDS OF THE TENANTS.

Program Service Accomplishments

Program 1

Expenses: $756,542 Revenue: $840,972

47 APARTMENTS PROVIDED FOR RENTAL USE TO ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, PSYCHOLOGICAL AND LIFESTYLE...

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $840,972

Investment Income $21,188

Other Revenue $70,342

TOTAL REVENUE $932,502

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $756,542

Other Expenses $826,939

TOTAL EXPENSES $826,939

Year-over-Year Comparison

	2024	2023	Change
Revenue	$932,502	$797,210	+0.2%
Expenses	$826,939	$767,509	+0.1%
Net Income	$105,563	$29,701	+2.6%

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

$98,681

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LIBBY HERNANDEZ	DIRECTOR/CHAIRMAN	0.50	Officer Director	$0	$0	$0
MARIA PAGAN	CLERK	0.50	Officer Director	$0	$0	$0
LINDA PRATT	DIRECTOR	0.50	Director	$0	$0	$0
JOHN RODRIGUEZ	DIRECTOR	0.50	Director	$0	$0	$0
HILDA ALVERADO	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL J MORIARTY	PRESIDENT/TREASURER	2.00	Officer	$0	$9,154	$98,681

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	$932,502	$826,939	$1,786,398	$105,563
2024	$797,210	$767,509	$1,835,499	$29,701
2023	$838,081	$923,317	$1,900,372	$-85,236
2022	$790,107	$885,853	$1,997,465	$-95,746
2021	$730,652	$951,380	$2,198,950	$-220,728
2020	$729,939	$892,605	$2,481,483	$-162,666
2019	$733,392	$889,553	$2,756,643	$-156,161
2018	$710,939	$767,171	$2,938,054	$-56,232