STEPHEN SMITH TOWERS APARTMENTS FOR THE ELDERLY INC

EIN: 236395751 Housing & Shelter

PHILADELPHIA, PA

Total Revenue
$1,689,792
Total Expenses
$1,788,587
Total Assets
$4,596,256
Net Assets
$-762,700
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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
1983
Legal Domicile
PA
Principal Officer
VIVIAN S BUCHANON
Phone
2158789560
Tax Period
2023-05-01 to 2024-04-30

STEPHEN SMITH TOWERS APARTMENTS FOR THE ELDERLY INC, founded in 1983, is a community nonprofit in the Housing & Shelter sector that reported $1.7M in total revenue in fiscal year 2023.

Mission

TO PROVIDE LOW INCOME HOUSING TO THE ELDERLY AND/OR DISABLED

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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 $1,689,451
Investment Income $341
Other Revenue $0
TOTAL REVENUE $1,689,792

Expense Breakdown

Grants Paid $0
Salaries & Benefits $354,620
Fundraising Expenses $0
Program Expenses $1,788,587
Other Expenses $1,433,967
TOTAL EXPENSES $1,788,587

Year-over-Year Comparison

2023 2022 Change
Revenue $1,689,792 $1,605,545 +0.1%
Expenses $1,788,587 $1,771,573 +0.0%
Net Income $-98,795 $-166,028 -0.4%
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
4
Independent Members
4
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICIA SAWYER PRESIDENT 2.00
Officer
$0 $0 $0
LORENZO CRUGER VICE PRESIDENT 2.00
Officer
$0 $0 $0
KATHLEEN WILLIAMS SECRETARY 2.00
Officer
$0 $0 $0
CHARLES THOMAS TREASURER 2.00
Officer
$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 No data No data No data No data
2024 $1,689,792 $1,788,587 $4,596,256 $-98,795
2023 $1,605,545 $1,771,573 $4,681,180 $-166,028
2022 $1,523,422 $1,562,854 $4,926,473 $-39,432
2021 $1,460,149 $1,427,492 $4,965,183 $32,657
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