THE SALVATION ARMY EL SOBRANTE RESIDENCE INC

EIN: 330338762 501(c)(3) Housing & Shelter

RANCHO PALOS VERDES, CA

Total Revenue
$483,473
Total Expenses
$510,369
Total Assets
$1,601,041
Net Assets
$1,480,859
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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
1991
Legal Domicile
CA
Principal Officer
DOUGLAS RILEY
Tax Period
2022-10-01 to 2023-09-30

THE SALVATION ARMY EL SOBRANTE RESIDENCE INC, founded in 1991, is a small nonprofit in the Housing & Shelter sector that reported $483K in total revenue in fiscal year 2022. Revenue grew 12% year-over-year, indicating healthy expansion. Net assets of $1.5M represent 37 months of operating reserves.

Mission

THE SALVATION ARMY EL SOBRANTE RESIDENCES INC IS A NON-PROFIT APARTMENT COMPLEX THAT PROVIDES SUBSIDIZED HOUSING TO LOW INCOME ELDERLY OR HANDICAPPED PERSONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $280,160
Program Service Revenue $194,215
Investment Income $9,098
Other Revenue $0
TOTAL REVENUE $483,473

Expense Breakdown

Grants Paid $0
Salaries & Benefits $89,130
Fundraising Expenses $0
Program Expenses $437,403
Other Expenses $421,239
TOTAL EXPENSES $510,369

Year-over-Year Comparison

2022 2021 Change
Revenue $483,473 $430,210 +0.1%
Expenses $510,369 $476,570 +0.1%
Net Income $-26,896 $-46,360 -0.4%
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
10
Independent Members
10
Employees
3
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
4
$401,498
Total Directors
10
$1,307,770
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN SMITH DIRECTOR 0.00
Director
$0 $29,417 $228,064
MARCIA SMITH DIRECTOR 0.00
Director
$0 $29,417 $228,064
COLLEEN RILEY DIRECTOR 0.00
Director
$0 $32,694 $222,625
DOUGLAS RILEY PRESIDENT 0.00
Officer Director
$0 $32,694 $222,625
KELLY PONTSLER TREASURER 1.00
Officer Director
$0 $46,038 $94,817
GENEVERA VINCENT DIRECTOR 0.00
Director
$0 $38,167 $84,056
EDDIE VINCENT VP 0.00
Officer Director
$0 $38,167 $84,056
PHILIP LUM DIRECTOR 0.00
Director
$0 $29,288 $72,728
DEBBIE LUM DIRECTOR 0.00
Director
$0 $29,288 $70,735
KENNETH HODDER CHAIRMAN 0.00
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
2024 No data No data No data No data
2023 $483,473 $510,369 $1,601,041 $-26,896
2022 $430,210 $476,570 $1,651,105 $-46,360
2021 $418,388 $505,039 $1,695,782 $-86,651
2020 $405,895 $479,810 $1,778,044 $-73,915
2019 $404,779 $450,673 $1,833,510 $-45,894
2018 $385,041 $435,717 $1,885,876 $-50,676
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