SPRUCE PINE, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
TO PROVIDE HOUSING FACILITIES FOR ELDERLY AND 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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare SPRUCE PINE HOUSING INC with other nonprofits in North Carolina and across the country.