MOUNT NITTANY RESIDENCES INC

EIN: 251353697 501(c)(3) Housing & Shelter

ALTOONA, PA

Total Revenue
$1,727,053
Total Expenses
$1,637,739
Total Assets
$2,593,094
Net Assets
$-1,061,825
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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

Principal Officer
REV LARRY LOUDER
Phone
8149449466
Tax Period
2024-10-01 to 2025-09-30

MOUNT NITTANY RESIDENCES INC is a community nonprofit in the Housing & Shelter sector that reported $1.7M in total revenue in fiscal year 2024. Expenses of $1.6M left a modest 5% surplus.

Mission

TO PROVIDE LOW COST HOUSING FOR LOW AND MODERATE INCOME FAMILIES

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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 (2024)

Revenue Breakdown

Contributions & Grants $865,388
Program Service Revenue $769,214
Investment Income $-4,479
Other Revenue $96,930
TOTAL REVENUE $1,727,053

Expense Breakdown

Grants Paid $0
Salaries & Benefits $397,311
Fundraising Expenses $0
Program Expenses $1,489,044
Other Expenses $1,240,428
TOTAL EXPENSES $1,637,739

Year-over-Year Comparison

2024 2023 Change
Revenue $1,727,053 $1,653,611 +0.0%
Expenses $1,637,739 $1,591,212 +0.0%
Net Income $89,314 $62,399 +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
7
Independent Members
7
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
5
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENNIS K HALL DIRECTOR 0.00
Director
$0 $0 $0
BRUCE ERB DIRECTOR 0.00
Director
$0 $0 $0
REV LARRY LOUDER PRESIDENT 0.00
Officer
$0 $0 $0
JANE GABLE VICE PRESIDENT 0.00
Officer
$0 $0 $0
LOIS L LYNN SECRETARY 0.00
Officer
$0 $0 $0
CHARLES C MONG ASSISTANT SECRETARY 0.00
Officer
$0 $0 $0
RICHARD RIVELL TREASURER 0.00
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 $1,727,053 $1,637,739 $2,593,094 $89,314
2024 $1,653,611 $1,591,212 $2,623,900 $62,399
2023 $1,583,889 $1,538,674 $2,781,959 $45,215
2022 $1,587,990 $1,441,066 $2,801,053 $146,924
2021 $1,549,099 $1,438,359 $2,789,167 $110,740
2020 $1,521,325 $1,510,565 $3,045,312 $10,760
2019 $1,488,650 $1,516,914 $3,005,285 $-28,264
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