COOSA VALLEY SENIORS HOUSING INC

EIN: 311665967 501(c)(3) Health Care

BIRMINGHAM, AL

Total Revenue
$301,534
Total Expenses
$284,809
Total Assets
$830,090
Net Assets
$806,295
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
AL
Principal Officer
ERIC H LIPP
Phone
2056395134
Tax Period
2024-10-01 to 2025-09-30

COOSA VALLEY SENIORS HOUSING INC, founded in 2001, is a small nonprofit in the Health Care sector that reported $302K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $285K left a modest 6% surplus.

Mission

PROVIDE LOW INCOME HOUSING TO THE ELDERLY AND/OR DISABLED

Program Service Accomplishments

Program 1
Expenses: $252,433 Revenue: $119,033

COOSA VALLEY HOUSING MAIN, INC D/B/A MAIN AVENUE APARTMENTS (PROJECT) IS A 24-UNIT APARTMENT COMPLEX FOR THE ELDERLY LOCATED IN SYLACAUGA, ALABAMA. THE PROJECT IS OPERATED UNDER SECTION 202 OF THE...

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COOSA VALLEY HOUSING MAIN, INC D/B/A MAIN AVENUE APARTMENTS (PROJECT) IS A 24-UNIT APARTMENT COMPLEX FOR THE ELDERLY LOCATED IN SYLACAUGA, ALABAMA. THE PROJECT IS OPERATED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND REGULATED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE PROJECT IS ALSO SUBJECT TO A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) AGREEMENT WITH HUD, AND A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD. RENT SUBSIDY PAYMENTS ARE SUBJECT TO AVAILABILITY OF SUFFICIENT APPROPRIATIONS, AS DETERMINED BY HUD.

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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 $180,791
Program Service Revenue $116,256
Investment Income $1,710
Other Revenue $2,777
TOTAL REVENUE $301,534

Expense Breakdown

Grants Paid $0
Salaries & Benefits $93,176
Fundraising Expenses $0
Program Expenses $252,433
Other Expenses $191,633
TOTAL EXPENSES $284,809

Year-over-Year Comparison

2024 2023 Change
Revenue $301,534 $272,281 +0.1%
Expenses $284,809 $283,697 +0.0%
Net Income $16,725 $-11,416 -2.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
1
Independent Members
1
Employees
N/A
Volunteers
1

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
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC H LIPP EXECUTIVE DIRECTOR 1.00
Officer 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 $301,534 $284,809 $830,090 $16,725
2024 $272,281 $283,697 $811,022 $-11,416
2023 $250,210 $287,255 $822,707 $-37,045
2022 $226,040 $287,598 $872,824 $-61,558
2021 $233,799 $256,369 $914,681 $-22,570
2020 $244,598 $249,492 $947,425 $-4,894
2019 $249,492 $233,897 $949,860 $15,595
2018 $229,446 $258,534 $933,939 $-29,088
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