NORTH VERNON SENIOR HOUSING INC

EIN: 310916471

North Vernon, IN

Total Revenue
$378,436
Total Expenses
$355,790
Total Assets
$1,188,861
Net Assets
$242,977
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
IN
Principal Officer
Amy Thompson
Tax Period
2023-01-01 to 2023-12-31

NORTH VERNON SENIOR HOUSING INC, founded in 1976, is a small nonprofit that reported $378K in total revenue in fiscal year 2023. Expenses of $356K left a modest 6% surplus.

Mission

To provide subsidized rental housing to low income senior citizens.

Program Service Accomplishments

Program 1
Expenses: $105,393

Interest expense on loans that were obtained to build the rental assisted housing units which are the basis for the program services.

Program 2
Expenses: $68,928

Depreciation expense on the rental housing units that are the basis for program services.

Program 3
Expenses: $67,409

Occupancy expenses for the rental housing units that are the basis for program services.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $367,805
Investment Income $2,431
Other Revenue $8,200
TOTAL REVENUE $378,436

Expense Breakdown

Grants Paid $0
Salaries & Benefits $56,395
Fundraising Expenses $0
Program Expenses $295,446
Other Expenses $299,395
TOTAL EXPENSES $355,790

Year-over-Year Comparison

2023 2022 Change
Revenue $378,436 $381,106 0.0%
Expenses $355,790 $362,826 0.0%
Net Income $22,646 $18,280 +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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
3
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
4
$10,001
Total Directors
1
$10,001
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Frances Gwin Secretary and Manager 20.00
$24,100 $0 $24,100
Lindsay Gibson Secretary and Manager 20.00
Officer Director
$10,001 $0 $10,001
Tom Taylor Treasurer 2.00
Officer
$0 $0 $0
Amy Thompson President 2.00
Officer
$0 $0 $0
Tina Brison VP 2.00
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
2024 No data No data No data No data
2023 $378,436 $355,790 $1,188,861 $22,646
2022 $381,106 $362,826 $1,241,526 $18,280
2021 $377,987 $349,613 $1,291,540 $28,374
2020 $376,850 $357,568 $1,326,146 $19,282
2019 $353,554 $405,194 $1,362,598 $-51,640
2018 $342,828 $421,723 $1,465,253 $-78,895
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