SANDYWOODS HOMES INC

EIN: 264826876 501(c)(3) Housing & Shelter

NEWPORT, RI

Total Revenue
$1,028,574
Total Expenses
$1,450,321
Total Assets
$8,702,679
Net Assets
$2,493,832
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
RI
Principal Officer
ROBERT SABEL
Phone
4018465114
Tax Period
2024-01-01 to 2024-12-31

SANDYWOODS HOMES INC, founded in 2009, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2024. Expenses of $1.5M exceeded revenue, resulting in a 41% operating deficit.

Mission

TO DEVELOP AND OWN AFFORDABLE LOW AND MODERATE INCOME HOUSING

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $47,469
Program Service Revenue $963,617
Investment Income $5,582
Other Revenue $11,906
TOTAL REVENUE $1,028,574

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,450,321
Other Expenses $1,450,321
TOTAL EXPENSES $1,450,321

Year-over-Year Comparison

2024 2023 Change
Revenue $1,028,574 $1,032,573 0.0%
Expenses $1,450,321 $1,382,123 +0.0%
Net Income $-421,747 $-349,550 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARJORIE JENSEN President 1.00
Officer Director
$0 $0 $0
SUSAN BODINGTON Director 1.00
Director
$0 $0 $0
ROBERT SABEL Treasurer 1.00
Officer Director
$0 $0 $0
PATRICIA SARGENT Director 1.00
Director
$0 $0 $0
ELIZABETH PHELPS 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
2024 $1,028,574 $1,450,321 $8,702,679 $-421,747
2023 $1,032,573 $1,382,123 $9,198,669 $-349,550
2022 $836,691 $1,375,246 $9,653,108 $-538,555
2021 $852,701 $1,333,556 $10,127,441 $-480,855
2020 $808,465 $1,370,194 $10,602,955 $-561,729
2019 $729,009 $1,306,944 $11,105,952 $-577,935
2018 $725,657 $1,245,455 $11,632,576 $-519,798
Explore More Nonprofits
Top 100 Nonprofits in Rhode Island Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare SANDYWOODS HOMES INC with other nonprofits in Rhode Island and across the country.