SPRING GARDENS SENIOR HOUSING INC

EIN: 223286123 501(c)(3)

BRIDGETON, NJ

Total Revenue
$323,372
Total Expenses
$388,947
Total Assets
N/A
Net Assets
N/A
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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
1997
Legal Domicile
NJ
Principal Officer
EDWARD BETHEA
Phone
8564516330
Tax Period
2021-07-01 to 2022-06-30

SPRING GARDENS SENIOR HOUSING INC, founded in 1997, is a small nonprofit that reported $323K in total revenue in fiscal year 2021. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $389K exceeded revenue, resulting in a 20% operating deficit.

Mission

Low income senior 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 (2021)

Revenue Breakdown

Contributions & Grants $188,433
Program Service Revenue $129,575
Investment Income $15
Other Revenue $5,349
TOTAL REVENUE $323,372

Expense Breakdown

Grants Paid $0
Salaries & Benefits $110,592
Fundraising Expenses $0
Program Expenses $297,648
Other Expenses $278,355
TOTAL EXPENSES $388,947

Year-over-Year Comparison

2021 2020 Change
Revenue $323,372 $846,077 -0.6%
Expenses $388,947 $1,130,152 -0.7%
Net Income $-65,575 $-284,075 -0.8%
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
2
Independent Members
2
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
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALBERT KELLY PRESIDENT 2
Director
$0 $0 $0
EDWARD BETHEA TREASURER 2
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
2022 $323,372 $388,947 No data $-65,575
2021 $846,077 $1,130,152 $4,696,214 $-284,075
2020 $869,196 $1,052,699 $5,000,523 $-183,503
2019 $883,765 $1,054,608 $5,176,929 $-170,843
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