Southview Housing Inc

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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

1998

Legal Domicile

Principal Officer

DON G WELLONS

Phone

9108920436

Tax Period

2024-01-01 to 2024-12-31

Southview Housing Inc, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $308K in total revenue in fiscal year 2024. Expenses of $426K exceeded revenue, resulting in a 38% operating deficit.

Mission

Reduced rent housing for elderly and handicapped

Program Service Accomplishments

Program 1

Expenses: $363,270 Revenue: $307,614

Provide elderly and handicapped persons with reduced rent housing and services specially designed to meet their physical, social, and psychological needs and promote their health, security...

Provide elderly and handicapped persons with reduced rent housing and services specially designed to meet their physical, social, and psychological needs and promote their health, security, happiness, and usefulness in longer living (59 units provided).

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $307,505

Investment Income $109

Other Revenue $0

TOTAL REVENUE $307,614

Expense Breakdown

Grants Paid $0

Salaries & Benefits $100,636

Fundraising Expenses $0

Program Expenses $363,270

Other Expenses $325,177

TOTAL EXPENSES $425,813

Year-over-Year Comparison

	2024	2023	Change
Revenue	$307,614	$293,985	+0.0%
Expenses	$425,813	$419,385	+0.0%
Net Income	$-118,199	$-125,400	-0.1%

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
Don G Wellons	Pres/Director	2.00	Director	$0	$0	$0
Leigh W Thompson	VP/Director	2.00	Director	$0	$0	$0
Kathy H Kennedy	Sec/Treas/Director	2.00	Director	$0	$0	$0
Lauren Wellons White	Asst. Sec/Director	2.00	Director	$0	$0	$0
Sylvia W Craft	Director	2.00	Director	$0	$0	$0
Gene T Jernigan	Director	2.00	Director	$0	$0	$0
Andrea C Howard	Director	2.00	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
2025	No data	No data	No data	No data
2024	$307,614	$425,813	$655,390	$-118,199
2023	$293,985	$419,385	$712,345	$-125,400
2022	$282,340	$394,215	$837,974	$-111,875
2021	$273,615	$395,774	$946,737	$-122,159
2020	$260,026	$379,737	$1,077,804	$-119,711
2019	$254,234	$401,302	$1,205,560	$-147,068
2018	$256,310	$390,054	$1,342,977	$-133,744