THE SALVATION ARMY PORTLAND RESIDENCES INC

EIN: 330449483 501(c)(3) Unknown

RANCHO PALOS VERDES, CA

Total Revenue
$682,925
Total Expenses
$673,864
Total Assets
$1,819,118
Net Assets
$1,743,083
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
OR
Principal Officer
DOUGLAS RILEY
Phone
5624918775
Tax Period
2024-10-01 to 2025-09-30

THE SALVATION ARMY PORTLAND RESIDENCES INC, founded in 1990, is a small nonprofit in the Unknown sector that reported $683K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Net assets of $1.7M represent 31 months of operating reserves.

Mission

THE SALVATION ARMY PORTLAND 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 (2024)

Revenue Breakdown

Contributions & Grants $341,640
Program Service Revenue $307,745
Investment Income $33,540
Other Revenue $0
TOTAL REVENUE $682,925

Expense Breakdown

Grants Paid $0
Salaries & Benefits $217,505
Fundraising Expenses $0
Program Expenses $593,157
Other Expenses $456,359
TOTAL EXPENSES $673,864

Year-over-Year Comparison

2024 2023 Change
Revenue $682,925 $595,803 +0.1%
Expenses $673,864 $551,885 +0.2%
Net Income $9,061 $43,918 -0.8%
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
6
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
$311,202
Total Directors
10
$1,036,822
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHILIP LUM DIRECTOR 1.00
Director
$0 $29,460 $188,620
DEBBIE LUM DIRECTOR 1.00
Director
$0 $29,460 $177,370
DOUGLAS RILEY PRESIDENT 1.00
Officer Director
$0 $31,929 $109,814
COLLEEN RILEY DIRECTOR 1.00
Director
$0 $31,929 $107,050
KELLY PONTSLER TREASURER 1.00
Officer Director
$0 $46,150 $106,195
EDDIE VINCENT VP 1.00
Officer Director
$0 $38,491 $95,193
GENEVERA VINCENT DIRECTOR 1.00
Director
$0 $38,491 $95,193
JENNIFER WILD DIRECTOR 1.00
Director
$0 $27,585 $78,694
IVAN WILD DIRECTOR 1.00
Director
$0 $27,585 $78,693
MERLE HEATWOLE 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
2025 $682,925 $673,864 $1,819,118 $9,061
2024 $595,803 $551,885 $1,813,100 $43,918
2023 $585,110 $512,894 $1,736,716 $72,216
2021 $539,017 $568,740 $1,703,244 $-29,723
2020 $540,989 $528,467 $1,736,312 $12,522
2019 $534,945 $502,830 $1,723,130 $32,115
2018 $530,091 $535,447 $1,693,649 $-5,356
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