ALTERNATIVE LIVING FOR LATER YEARS INC

EIN: 222590399 501(c)(3)

WESTAMPTON, NJ

Total Revenue
$67,356
Total Expenses
$109,288
Total Assets
$404,430
Net Assets
$-478,875
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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
1984
Legal Domicile
NJ
Principal Officer
KENT R PIPES
Phone
6092614571
Tax Period
2023-07-01 to 2024-06-30

ALTERNATIVE LIVING FOR LATER YEARS INC, founded in 1984, is a micro nonprofit that reported $67K in total revenue in fiscal year 2023. Expenses of $109K exceeded revenue, resulting in a 62% operating deficit.

Mission

ASSIST SENIORS IN OBTAINING AFFORDABLE HOUSING

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $67,311
Investment Income $45
Other Revenue $0
TOTAL REVENUE $67,356

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $109,288
Other Expenses $109,288
TOTAL EXPENSES $109,288

Year-over-Year Comparison

2023 2022 Change
Revenue $67,356 $67,018 +0.0%
Expenses $109,288 $106,163 +0.0%
Net Income $-41,932 $-39,145 +0.1%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
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
2
$105,545
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENT PIPES PRESIDENT 5.00
Officer
$0 $0 $105,545
MARK JORGENSEN CHAIRMAN 2.00
Officer Director
$0 $0 $0
JANET BOWE-WHITE TRUSTEE 2.00
Director
$0 $0 $0
LASHAWN BARBER TRUSTEE 2.00
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 $67,356 $109,288 $404,430 $-41,932
2023 $67,018 $106,163 $412,425 $-39,145
2022 $58,346 $106,102 $426,675 $-47,756
2021 $48,889 $106,866 $450,757 $-57,977
2020 $63,585 $107,036 $476,238 $-43,451
2019 $61,721 $108,406 $487,558 $-46,685
2018 $55,877 $71,700 $508,098 $-15,823
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