SPRUCE PINE 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

1995

Legal Domicile

Principal Officer

SALVADOR ARVIZU

Phone

8287659182

Tax Period

2023-07-01 to 2024-06-30

SPRUCE PINE HOUSING INC, founded in 1995, is a small nonprofit in the Housing & Shelter sector that reported $119K in total revenue in fiscal year 2023. Expenses of $159K exceeded revenue, resulting in a 34% operating deficit.

Mission

TO PROVIDE HOUSING FACILITIES FOR HANDICAPPED PERSONS AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL AND EMOTIONAL NEEDS. THE ORGANIZATION OWNS AND OPERATES A 25 UNIT APARTMENT COMPLEX FOR LOW-INCOME ELDERLY RESIDENTS OF MITCHELL COUNTY, NORTH CAROLINA.

Program Service Accomplishments

Program 1

Expenses: $159,234 Revenue: $118,949

THE ORGANIZATION OWNS AND OPERATES A 25 UNIT APARTMENT COMPLEX FOR LOW INCOME ELDERLY RESIDENTS. FUNDING FOR THE PROJECT IS MADE AVAILABLE THROUGH A SECTION 202 DIRECT LOAN. THE PROJECT IS ALSO...

THE ORGANIZATION OWNS AND OPERATES A 25 UNIT APARTMENT COMPLEX FOR LOW INCOME ELDERLY RESIDENTS. FUNDING FOR THE PROJECT IS MADE AVAILABLE THROUGH A SECTION 202 DIRECT LOAN. THE PROJECT IS ALSO SUBJECT TO PROJECT RENTAL ASSISTANCE CONTRACTS (PRAC) WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). REVENUES ARE PRIMARILY TENANT RENTAL PAYMENTS AND HOUSING ASSISTANCE PAYMENTS WHICH OFFSET THE ONGOING EXPENSES TO OPERATE THE APARTMENT UNITS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $118,856

Investment Income $93

Other Revenue $0

TOTAL REVENUE $118,949

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,840

Fundraising Expenses $0

Program Expenses $159,234

Other Expenses $151,394

TOTAL EXPENSES $159,234

Year-over-Year Comparison

	2023	2022	Change
Revenue	$118,949	$110,978	+0.1%
Expenses	$159,234	$166,283	0.0%
Net Income	$-40,285	$-55,305	-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

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
COREY RUNYON	CHAIRMAN	0.25	Director	$0	$0	$0
STEVE ENGLISH	DIRECTOR	0.25	Director	$0	$0	$0
KENNY BURLESON	DIRECTOR	0.25	Director	$0	$0	$0
SALVADOR ARVIZU	EXECUTIVE DIRECTOR	2.5	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
2025	No data	No data	No data	No data
2024	$118,949	$159,234	$600,847	$-40,285
2023	$110,978	$166,283	$644,136	$-55,305
2022	$105,071	$150,242	$702,296	$-45,171
2021	$99,813	$149,513	$739,003	$-49,700