SAVANNAH GARDENS SENIOR RESIDENCES INC

EIN: 273400284 501(c)(3) Housing & Shelter

DENVER, CO

Total Revenue
$339,863
Total Expenses
$507,355
Total Assets
$2,533,380
Net Assets
$2,400,570
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
GA
Principal Officer
JAMES ALEXANDER
Phone
3038303300
Tax Period
2024-01-01 to 2024-12-31

SAVANNAH GARDENS SENIOR RESIDENCES INC, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $340K in total revenue in fiscal year 2024. Expenses of $507K exceeded revenue, resulting in a 49% operating deficit.

Mission

THE ORGANIZATION WAS FORMED TO OWN AND OPERATE AN APARTMENT PROJECT KNOWN AS SAVANNAH GARDENS SENIOR RESIDENCES. THE PROJECT IS LOCATED IN SAVANNAH, GEORGIA AND PROVIDES HOUSING AND SERVICES TO LOW-INCOME, ELDERLY AND/OR DISABLED PERSONS.

Program Service Accomplishments

Program 1
Expenses: $492,675 Revenue: $136,427

SAVANNAH GARDENS SENIOR RESIDENCES, INC., A GEORGIA NON-PROFIT CORPORATION, WAS FORMED ON AUGUST 13, 2010 FOR THE PURPOSE OF DEVELOPING, OWNING, CONSTRUCTING, AND OPERATING A 40-UNITAPARTMENT COMPLEX...

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SAVANNAH GARDENS SENIOR RESIDENCES, INC., A GEORGIA NON-PROFIT CORPORATION, WAS FORMED ON AUGUST 13, 2010 FOR THE PURPOSE OF DEVELOPING, OWNING, CONSTRUCTING, AND OPERATING A 40-UNITAPARTMENT COMPLEX OPERATING UNDER THE NAME OF SAVANNAH GARDENS SENIOR RESIDENCES UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE PROJECT IS LOCATED IN SAVANNAH, GEORGIA.

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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 $201,579
Program Service Revenue $131,434
Investment Income $1,857
Other Revenue $4,993
TOTAL REVENUE $339,863

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $492,675
Other Expenses $507,355
TOTAL EXPENSES $507,355

Year-over-Year Comparison

2024 2023 Change
Revenue $339,863 $333,820 +0.0%
Expenses $507,355 $427,686 +0.2%
Net Income $-167,492 $-93,866 +0.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
N/A
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
$1,220,478
Total Directors
7
$989,754
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANYEKA WALLACE DIRECTOR 0.10
Director
$0 $19,734 $155,372
BOBBY ARTIS DIRECTOR 0.10
Director
$0 $37,575 $158,098
ELAINE WILLIAMS DIRECTOR 0.10
Director
$0 $4,975 $78,162
JOSEPH ROSENBLUM SECRETARY 0.10
Officer Director
$0 $10,382 $242,964
RONIT HOFFER DIRECTOR 0.10
Director
$0 $38,834 $147,128
SELENA FREEMAN DIRECTOR 0.10
Director
$0 $24,853 $133,320
TERRY STEIDEN DIRECTOR 0.10
Director
$0 $11,955 $74,710
CHAD PAYNE TREASURER 0.10
Officer
$0 $9,965 $211,480
JAMES ALEXANDER PRESIDENT 0.10
Officer
$0 $13,716 $262,394
KASSIDI BOENING VICE PRESIDENT 0.10
Officer
$0 $31,209 $195,151
MELISSA CLAYTON VICE PRESIDENT 0.10
Officer
$0 $35,478 $308,489
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 $339,863 $507,355 $2,533,380 $-167,492
2023 $333,820 $427,686 $2,710,765 $-93,866
2022 $312,567 $547,431 $2,807,469 $-234,864
2021 $308,951 $431,323 $2,957,246 $-122,372
2020 $320,416 $400,712 $3,051,364 $-80,296
2019 $293,690 $412,872 $3,155,905 $-119,182
2018 $239,216 $415,529 $3,354,692 $-176,313
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