CHESTNUT SENIOR HOUSING D/B/A FRANKLIN GARDENS (EIN 261885836) - 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

2008

Legal Domicile

Principal Officer

SEAN GARRETSON

Phone

8303722660

Tax Period

2023-01-01 to 2023-12-31

CHESTNUT SENIOR HOUSING D/B/A FRANKLIN GARDENS, founded in 2008, is a small nonprofit in the Housing & Shelter sector that reported $489K in total revenue in fiscal year 2023. Revenue surged 78% from the prior year, signaling strong growth momentum. The organization ran a surplus of $126K, a strong 26% operating margin.

Mission

PROVIDES HOUSING TO ELDERLY PERSONS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT UNDER AN AGREEMENT WITH THE DEPARTMENT OF HUD.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $488,582

Investment Income $648

Other Revenue $0

TOTAL REVENUE $489,230

Expense Breakdown

Grants Paid $0

Salaries & Benefits $58,619

Fundraising Expenses $0

Program Expenses $333,703

Other Expenses $304,511

TOTAL EXPENSES $363,130

Year-over-Year Comparison

	2023	2022	Change
Revenue	$489,230	$275,361	+0.8%
Expenses	$363,130	$373,167	0.0%
Net Income	$126,100	$-97,806	-2.3%

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
SEAN GARRETSON	PRESIDENT	N/A	Officer	$0	$0	$0
JAMES JOHNSON	VICE PRESIDE	N/A	Officer	$0	$0	$0
EDNA RHAMBO	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL WILT	DIRECTOR	N/A	Director	$0	$0	$0
SAM COVEY	DIRECTOR	N/A	Director	$0	$0	$0
WILLIS HUNT	DIRECTOR	N/A	Director	$0	$0	$0
PAM SHOAF	DIRECTOR	N/A	Director	$0	$0	$0
JOHN WILLIAMS-MEYER	DIRECTOR	N/A	Director	$0	$0	$0
TANYA BIRKS	DIRECTOR	N/A	Director	$0	$0	$0
DAVID CARROLL	DIRECTOR	N/A	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$489,230	$363,130	$2,438,010	$126,100
2022	$275,361	$373,167	$2,312,005	$-97,806
2021	$232,651	$305,723	$2,430,803	$-73,072
2020	$209,501	$289,489	$2,489,368	$-79,988
2019	$208,592	$272,958	$2,560,330	$-64,366
2018	$203,613	$268,939	$2,625,809	$-65,326

CHESTNUT SENIOR HOUSING D/B/A FRANKLIN GARDENS