FAITH HAVEN INCORPORATED (EIN 237029195) - 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

1968

Legal Domicile

Principal Officer

Monica Postlewaite

Phone

2186282602

Tax Period

2024-07-01 to 2025-06-30

FAITH HAVEN INCORPORATED, founded in 1968, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $498K, a strong 38% operating margin.

Mission

Faith Haven, Incorporated was organized to operate a senior citizen apartment complex under the guidelines of the US Department of Housing and Urban Development Section 236.

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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 $16

Program Service Revenue $1,227,598

Investment Income $49,661

Other Revenue $37,251

TOTAL REVENUE $1,314,526

Expense Breakdown

Grants Paid $0

Salaries & Benefits $301,049

Fundraising Expenses $0

Program Expenses $744,624

Other Expenses $515,725

TOTAL EXPENSES $816,774

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,314,526	$1,448,194	-0.1%
Expenses	$816,774	$983,635	-0.2%
Net Income	$497,752	$464,559	+0.1%

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

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

$6,975

Total Directors

$8,625

Key Employees

$91,888

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Monica Postlewaite	Manager	40	Key Emp	$77,888	$14,000	$91,888
Kathy Resberg	President	5	Officer	$0	$0	$2,350
John Scott	Board Member	1	Director	$0	$0	$1,875
John Lewis	Treasurer	1	Officer	$0	$0	$1,750
Charles Bell	Vice President	1	Officer	$0	$0	$1,625
Dan Donofrio	Board Member	1	Director	$0	$0	$1,500
Gary Schneider	Board Member	1	Director	$0	$0	$1,375
George Balach	Board Member	1	Director	$0	$0	$1,375
Richard Nelson	Board Member	1	Director	$0	$0	$1,375
Deb Adams-Koltes	Secretary	1	Officer	$0	$0	$1,250
Elizabeth Davis	Board Member	1	Director	$0	$0	$1,125

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	$1,314,526	$816,774	$3,101,820	$497,752
2024	$1,448,194	$983,635	$2,641,634	$464,559
2023	$1,051,474	$995,372	$2,165,615	$56,102
2022	$861,128	$882,542	$2,125,478	$-21,414
2021	$988,007	$721,664	$2,180,543	$266,343

FAITH HAVEN INCORPORATED