Samaritan Housing Foundation Inc

EIN: 311644805 501(c)(3) Human Services

Cary, NC

Total Revenue
$18,465,739
Total Expenses
$22,582,981
Total Assets
$317,862,620
Net Assets
$-94,787,338
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Legal Domicile
NC
Phone
8662611814
Tax Period
2023-01-01 to 2023-12-31

Samaritan Housing Foundation Inc is a mid-sized nonprofit in the Human Services sector that reported $18.5M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $22.6M exceeded revenue, resulting in a 22% operating deficit.

Mission

LIFE CARE FOR RESIDENTS OF SIXTY-TWO PLUS (62+) YEARS OF AGE, WHILE EMPHASIZING AN ACTIVE LIFESTYLE, INDIVIDUAL INDEPENDENCE, PERSONAL DIGNITY, DESIGNED TO MEET THEIR SPECIAL NEEDS FOR HOUSING, HEALTHCARE, AND FINANCIAL SECURITY.

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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 $78,881
Program Service Revenue $16,114,075
Investment Income $2,272,783
Other Revenue $0
TOTAL REVENUE $18,465,739

Expense Breakdown

Grants Paid $803,363
Salaries & Benefits $5,906,535
Fundraising Expenses $0
Program Expenses $18,950,384
Other Expenses $15,873,083
TOTAL EXPENSES $22,582,981

Year-over-Year Comparison

2023 2022 Change
Revenue $18,465,739 $14,492,637 +0.3%
Expenses $22,582,981 $20,325,311 +0.1%
Net Income $-4,117,242 $-5,832,674 -0.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
290
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
3
$686,769
Total Directors
8
$57,550
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Director 2.0
Director
$2,250 $0 $2,250
N/A Director 2.0
Director
$8,000 $0 $8,000
N/A Special Advisor 2.0
Director
$10,200 $0 $10,200
N/A Director 4.0
Director
$10,000 $0 $10,000
N/A Director 2.0
Director
$6,850 $0 $6,850
N/A Director 2.0
Director
$8,950 $0 $8,950
N/A Director 2.0
Director
$2,250 $0 $2,250
N/A Director 2.0
Director
$9,050 $0 $9,050
N/A CFO 40.0
Officer
$167,392 $13,963 $181,355
N/A President 25.0
Officer
$285,224 $24,401 $309,625
N/A Executive Director 40.0
Officer
$192,197 $3,592 $195,789
N/A Director of Marketing 40.0
Highest
$154,435 $9,185 $163,620
N/A Director of Nursing 40.0
Highest
$101,863 $0 $101,863
N/A Administrator 40.0
Highest
$114,591 $7,191 $121,782
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 $18,465,739 $22,582,981 $317,862,620 $-4,117,242
2022 $14,492,637 $20,325,311 $316,589,034 $-5,832,674
2021 $14,744,618 $18,969,886 $309,375,809 $-4,225,268
2020 $13,730,529 $18,171,029 $137,509,038 $-4,440,500
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