NORFOLK SENIOR HOUSING CORPORATION

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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

1970

Legal Domicile

Principal Officer

JANIS GRAHAM-JONES

Phone

8605425470

Tax Period

2025-01-01 to 2025-12-31

NORFOLK SENIOR HOUSING CORPORATION, founded in 1970, is a small nonprofit that reported $329K in total revenue in fiscal year 2025. Expenses of $383K exceeded revenue, resulting in a 16% operating deficit.

Mission

LOW AND MODERATE INCOME ELDERLY HOUSING

Program Service Accomplishments

Program 1

Expenses: $314,953 Revenue: $315,065

LOW AND MODERATE INCOME ELDERLY HOUSING - 28 UNITS

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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 (2025)

Revenue Breakdown

Contributions & Grants $13,724

Program Service Revenue $315,065

Investment Income $39

Other Revenue $0

TOTAL REVENUE $328,828

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,251

Fundraising Expenses $0

Program Expenses $314,953

Other Expenses $313,313

TOTAL EXPENSES $382,564

Year-over-Year Comparison

	2025	2024	Change
Revenue	$328,828	$307,134	+0.1%
Expenses	$382,564	$376,855	+0.0%
Net Income	$-53,736	$-69,721	-0.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANIS GRAHAM-JONES	PRESIDENT	3.00	Officer Director	$0	$0	$0
ERICK OLSEN	V PRES	3.00	Officer Director	$0	$0	$0
SUSAN ANDERSON	TREASURER	3.00	Officer Director	$0	$0	$0
HOLLY TORRANT	SECRETARY	3.00	Officer Director	$0	$0	$0
MICHAEL SCONYERS	DIRECTOR	1.00	Director	$0	$0	$0
JAMES KOCHISS	DIRECTOR	1.00	Director	$0	$0	$0
RONALD ZANOBI	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS BARBAGALLO	DIRECTOR	1.00	Director	$0	$0	$0
GLORIA GOURLY	DIRECTOR	1.00	Director	$0	$0	$0
BEATRICE TIRRELL	DIRECTOR	1.00	Director	$0	$0	$0
DONALD BLACK	DIRECTOR	1.00	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	$328,828	$382,564	$596,934	$-53,736
2024	$307,134	$376,855	$630,659	$-69,721
2023	$298,343	$337,544	$730,592	$-39,201
2022	$301,662	$335,954	$781,772	$-34,292
2021	$282,341	$290,269	$825,185	$-7,928
2020	$280,346	$292,113	$851,585	$-11,767
2019	$279,686	$286,482	$861,739	$-6,796
2018	$244,694	$301,018	$887,061	$-56,324