THE SALVATION ARMY IVY RESIDENCE INC

EIN: 232856135 501(c)(3) Human Services

PHILADELPHIA, PA

Total Revenue
$902,994
Total Expenses
$1,394,789
Total Assets
$10,641,948
Net Assets
$-6,169,945
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
PA
Principal Officer
WILLIAM A BAMFORD III
Phone
6108341001
Tax Period
2023-10-01 to 2024-09-30

THE SALVATION ARMY IVY RESIDENCE INC, founded in 1996, is a small nonprofit in the Human Services sector that reported $903K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 54% operating deficit.

Mission

PROVIDE QUALITY HOUSING AND SERVICE FOR LOW-INCOME ELDERLY PERSONS AND MAINTAIN THE ABILITY OF RESIDENTS TO LIVE INDEPENDENTLY FOR AS LONG AS POSSIBLE.

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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 $901,626
Investment Income $1,368
Other Revenue $0
TOTAL REVENUE $902,994

Expense Breakdown

Grants Paid $0
Salaries & Benefits $288,773
Fundraising Expenses $0
Program Expenses $1,258,126
Other Expenses $1,106,016
TOTAL EXPENSES $1,394,789

Year-over-Year Comparison

2023 2022 Change
Revenue $902,994 $1,118,112 -0.2%
Expenses $1,394,789 $1,371,592 +0.0%
Net Income $-491,795 $-253,480 +0.9%
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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Governance

Voting Members
9
Independent Members
N/A
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
6
$1,103,112
Total Directors
13
$2,213,582
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM A BAMFORD III PRESIDENT THRU 4/8/24 0.00
Officer Director
$0 $58,320 $249,879
RALPH E BUKIEWICZ PRESIDENT 0.00
Officer Director
$0 $0 $0
KENNETH G HODDER DIRECTOR 0.00
Director
$0 $0 $0
IVAN K ROCK VICE PRESIDENT 0.00
Officer Director
$0 $58,934 $103,639
HUBERT S STEELE III TREASURER 0.00
Officer Director
$0 $57,268 $195,735
MICHAEL J SOUTHWICK SECRETARY 0.00
Officer Director
$0 $42,015 $368,675
RICHARD D ALLEN ASSISTANT SECRETARY 0.00
Officer Director
$0 $31,628 $185,184
LARRY A ASHCRAFT DIRECTOR 0.00
Director
$0 $42,223 $280,358
TAWNY COWEN-ZANDERS DIRECTOR 0.00
Director
$0 $48,238 $87,553
KEVIN ZANDERS DIRECTOR 0.00
Director
$0 $48,238 $87,553
JANET ASHCRAFT DIRECTOR THRU 4/8/24 0.00
Director
$0 $42,223 $280,358
CINDY-LOU DRUMMOND DIRECTOR THRU 4/8/24 0.00
Director
$0 $58,818 $231,404
LEANNE ROBERTS DIRECTOR THRU 4/8/24 0.00
Director
$0 $31,826 $143,244
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 $902,994 $1,394,789 $10,641,948 $-491,795
2023 $1,118,112 $1,371,592 $11,153,453 $-253,480
2022 $945,300 $1,514,984 $11,697,562 $-569,684
2021 $974,506 $1,369,051 $12,092,043 $-394,545
2020 $992,154 $1,354,125 $12,436,983 $-361,971
2019 $1,003,047 $1,363,477 $12,774,275 $-360,430
2018 $976,901 $1,370,241 $13,143,163 $-393,340
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