UNLIMITED HOUSING FOR THE ELDERLY INC (EIN 222846078) - 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

1987

Legal Domicile

Principal Officer

VICKIE LEONE

Phone

4128266098

Tax Period

2024-01-01 to 2024-12-31

UNLIMITED HOUSING FOR THE ELDERLY INC, founded in 1987, is a small nonprofit that reported $869K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $181K, a strong 21% operating margin.

Mission

TO PROVIDE HUD SUBSIDIZED AFFORDABLE HOUSING WITH SUPPORTIVE SERVICES FOR LOW INCOME SENIORS WHO MEET THE INCOME ELIGIBILITY REQUIREMENTS OF THE HUD 202 SECTION 8 PROGRAM. SENIORCARE NETWORK MANAGES THIS COMMUNITY AND PROVIDES OR ASSISTS IN THE PROVISION OF SERVICES TO MEET INDIVIDUAL RESIDENT NEEDS. TYPICALLY, EVEN THOUGH THIS COMMUNITY IS A SUPPORTIVE HOUSING FACILITY, BETWEEN 50-70% OF OUR RESIDENTS ARE CONSIDERED FRAIL OR AT RISK. TO ADDRESS THESE ISSUES AND THE NEEDS OF THOSE RESIDING IN THIS COMMUNITY, WE EMPLOY A SERVICE COORDINATOR TO WORK WITH EACH RESIDENT AS APPROPRIATE. THE SERVICE COORDINATOR ASSESSES THE NEEDS OF EACH RESIDENT AND MAKES REFERRALS TO APPROPRIATE RESOURCES, SUCH AS FAMILIES, SENIOR CENTERS, CHURCHES AND OTHER COMMUNITY GROUPS. SENIORCARE NETWORK IS AN AFFILIATE OF PRESBYTERIAN SENIORCARE, A NOT-FOR- PROFIT, CHARITABLE ORGANIZATION ESTABLISHED ON JANUARY 25, 1928 WHICH PROVIDES FACILITIES, SERVICES AND PROGRAMS FOR ENHANCING THE QUALITY OF LIFE OF OLDER ADUL

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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 $649,415

Program Service Revenue $219,022

Investment Income $77

Other Revenue $0

TOTAL REVENUE $868,514

Expense Breakdown

Grants Paid $0

Salaries & Benefits $157,508

Fundraising Expenses $0

Program Expenses $685,461

Other Expenses $530,110

TOTAL EXPENSES $687,618

Year-over-Year Comparison

	2024	2023	Change
Revenue	$868,514	$703,153	+0.2%
Expenses	$687,618	$692,795	0.0%
Net Income	$180,896	$10,358	+16.5%

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

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

$1,059,651

Total Directors

$1,240,645

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES PIEFFER	DIRECTOR & P	2.00	Officer Director	$0	$37,604	$505,187
TODD BOSLAU	DIRECTOR & T	1.00	Officer Director	$0	$37,189	$313,088
CELESTE GOLONSKI	DIRECTOR & S	2.00	Officer Director	$0	$11,063	$241,376
GREG MALISKY	DIRECTOR	1.00	Director	$0	$15,254	$180,994
VICKIE LEONE	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
LOUISE D MONAGHAN	DIRECTOR	1.00	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	$868,514	$687,618	$1,410,268	$180,896
2023	$703,153	$692,795	$1,287,782	$10,358
2022	$668,008	$694,297	$1,350,572	$-26,289
2021	$626,524	$629,540	$1,476,136	$-3,016
2020	$656,738	$674,436	$1,559,639	$-17,698
2019	$633,109	$660,040	$1,586,910	$-26,931
2018	$646,084	$660,779	$1,719,832	$-14,695

UNLIMITED HOUSING FOR THE ELDERLY INC