NC Orange Senior Housing Corp (EIN 223657446) - 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

1999

Legal Domicile

Principal Officer

ELIZABETH MBAKAYA

Phone

9736232800

Tax Period

2024-05-01 to 2025-04-30

NC Orange Senior Housing Corp, founded in 1999, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2024. Expenses of $1.7M exceeded revenue, resulting in a 19% operating deficit.

Mission

TO PROVIDE ELDERLY OR DISABLED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR NEEDS.

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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 $947,288

Program Service Revenue $427,157

Investment Income $857

Other Revenue $74,262

TOTAL REVENUE $1,449,564

Expense Breakdown

Grants Paid $0

Salaries & Benefits $223,640

Fundraising Expenses $0

Program Expenses $1,419,870

Other Expenses $1,496,200

TOTAL EXPENSES $1,719,840

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,449,564	$1,422,584	+0.0%
Expenses	$1,719,840	$1,476,759	+0.2%
Net Income	$-270,276	$-54,175	+4.0%

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

$473,433

Total Directors

$59,856

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SIMONE GAGNERONE	CHIEF EXECUTIVE OFFICER	1.0	Officer	$0	$7,737	$284,933
ELIZABETH MBAKAYA	CHIEF FINANCIAL OFFICER	1.0	Officer	$0	$0	$188,500
RICHARD ROHRMAN	CEO - FORMER	1.0		$0	$0	$104,673
MADGE WILSON	EMERITA	1.0	Director	$0	$3,720	$59,856
NEWTON M RICHARDS	SECRETARY	1.0	Officer Director	$0	$0	$0
DR ZACHARY YAMBA	EMERITA	1.0	Director	$0	$0	$0
BARRY BAKER	BOARD MEMBER	1.0	Director	$0	$0	$0
EDGAR NEMORIN	INTERIM CHAIRMAN AND TREASURER	1.0	Officer Director	$0	$0	$0
FERNANDO COLON	BOARD MEMBER	1.0	Director	$0	$0	$0
DIANE JOHNSON	BOARD MEMBER	1.0	Director	$0	$0	$0
ANTHONY MARCHETTA	BOARD MEMBER	1.0	Director	$0	$0	$0
JEROME ST JOHN	BOARD MEMBER	1.0	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
2025	$1,449,564	$1,719,840	$7,359,132	$-270,276
2024	$1,422,584	$1,476,759	$7,553,779	$-54,175
2023	$1,570,846	$1,453,170	$7,413,282	$117,676
2022	$1,130,924	$1,377,069	$7,155,726	$-246,145
2021	$870,112	$1,312,278	$7,420,775	$-442,166
2020	$874,847	$1,215,213	$7,671,929	$-340,366
2019	$864,677	$1,129,259	$7,933,833	$-264,582
2018	$871,917	$1,093,350	$8,154,836	$-221,433

NC Orange Senior Housing Corp