JENNINGS MANOR HOUSING CORPORATION

EIN: 311544685 501(c)(3)

GARFIELD HEIGHTS, OH

Total Revenue
$560,786
Total Expenses
$628,672
Total Assets
$2,206,548
Net Assets
$-2,119,934
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
OH
Principal Officer
ALLISON Q SALOPECK
Phone
2165812902
Tax Period
2024-07-01 to 2025-06-30

JENNINGS MANOR HOUSING CORPORATION, founded in 1998, is a small nonprofit that reported $561K in total revenue in fiscal year 2024. Expenses of $629K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE SUBSIDIZED HOUSING IN A CAMPUS SETTING FOR ADULTS AGE 62 OR OLDER WITH LIMITED MEANS WHO QUALIFY BASED ON CERTAIN INCOME REQUIREMENTS.

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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 $0
Program Service Revenue $550,372
Investment Income $5,738
Other Revenue $4,676
TOTAL REVENUE $560,786

Expense Breakdown

Grants Paid $0
Salaries & Benefits $158,511
Fundraising Expenses $0
Program Expenses $496,507
Other Expenses $470,161
TOTAL EXPENSES $628,672

Year-over-Year Comparison

2024 2023 Change
Revenue $560,786 $548,589 +0.0%
Expenses $628,672 $674,562 -0.1%
Net Income $-67,886 $-125,973 -0.5%
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

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Governance

Voting Members
9
Independent Members
8
Employees
N/A
Volunteers
3

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
1
$341,384
Total Directors
9
$341,384
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELLY LINSON DIRECTOR 1.00
Director
$0 $0 $0
FR WALTER JENNE DIRECTOR 1.00
Director
$0 $0 $0
HUGH J MORGAN DIRECTOR 1.00
Director
$0 $0 $0
ALLISON Q SALOPECK PRESIDENT AND CEO 1.00
Officer Director
$0 $31,411 $341,384
BOB ECKARDT DIRECTOR 1.00
Director
$0 $0 $0
MATT OLEKSIAK DIRECTOR 1.00
Director
$0 $0 $0
HERB PLEASANT DIRECTOR 1.00
Director
$0 $0 $0
SCOTT WINTER CHAIR 1.00
Director
$0 $0 $0
JEFFREY MYERS 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
2025 $560,786 $628,672 $2,206,548 $-67,886
2024 $548,589 $674,562 $2,315,020 $-125,973
2023 $540,185 $612,708 $2,430,726 $-72,523
2022 $536,503 $598,262 $2,504,788 $-61,759
2021 $658,611 $641,328 $2,550,768 $17,283
2020 $527,114 $696,490 $2,611,593 $-169,376
2019 $518,261 $664,057 $2,844,993 $-145,796
2018 $520,586 $595,365 $2,860,392 $-74,779
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