THE SALVATION ARMY ALBUQUERQUE RESIDENCES INC

EIN: 330342348 501(c)(3) Public & Societal Benefit

RANCHO PALOS VERDES, CA

Total Revenue
$463,715
Total Expenses
$466,712
Total Assets
$1,487,697
Net Assets
$975,734
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
NM
Principal Officer
DOUGLAS RILEY
Tax Period
2023-10-01 to 2024-09-30

THE SALVATION ARMY ALBUQUERQUE RESIDENCES INC, founded in 1992, is a small nonprofit in the Public & Societal Benefit sector that reported $464K in total revenue in fiscal year 2023. Net assets of $976K represent 25 months of operating reserves.

Mission

THE SALVATION ARMY ALBUQUERQUE 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 (2023)

Revenue Breakdown

Contributions & Grants $256,611
Program Service Revenue $191,106
Investment Income $15,998
Other Revenue $0
TOTAL REVENUE $463,715

Expense Breakdown

Grants Paid $0
Salaries & Benefits $135,007
Fundraising Expenses $0
Program Expenses $417,235
Other Expenses $331,705
TOTAL EXPENSES $466,712

Year-over-Year Comparison

2023 2022 Change
Revenue $463,715 $453,092 +0.0%
Expenses $466,712 $454,152 +0.0%
Net Income $-2,997 $-1,060 +1.8%
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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Governance

Voting Members
10
Independent Members
10
Employees
2
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
$411,103
Total Directors
10
$1,479,813
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBBIE LUM DIRECTOR 0.00
Director
$0 $29,517 $323,220
PHILIP LUM DIRECTOR 0.00
Director
$0 $29,517 $271,316
DOUGLAS RILEY PRESIDENT 0.00
Officer Director
$0 $32,394 $217,996
COLLEEN RILEY DIRECTOR 0.00
Director
$0 $32,394 $217,896
KELLY PONTSLER TREASURER 1.00
Officer Director
$0 $46,014 $102,169
GENEVERA VINCENT DIRECTOR 0.00
Director
$0 $38,650 $90,938
EDDIE VINCENT VP 0.00
Officer Director
$0 $38,650 $90,938
IVAN WILD DIRECTOR 0.00
Director
$0 $28,016 $82,670
JENNIFER WILD DIRECTOR 0.00
Director
$0 $28,016 $82,670
KENNETH HODDER CHAIRMAN 0.00
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 $463,715 $466,712 $1,487,697 $-2,997
2023 $453,092 $454,152 $1,498,385 $-1,060
2022 $434,594 $415,418 $1,493,669 $19,176
2021 $439,762 $467,331 $1,467,120 $-27,569
2020 $419,489 $435,626 $1,527,675 $-16,137
2019 $404,220 $476,260 $1,606,439 $-72,040
2018 $384,766 $448,134 $1,689,985 $-63,368
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