THE SALVATION ARMY WAHIAWA RESIDENCES INC

EIN: 330450141 501(c)(3) Housing & Shelter

RANCHO PALOS VERDES, CA

Total Revenue
$808,356
Total Expenses
$854,406
Total Assets
$3,271,688
Net Assets
$3,180,144
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
HI
Principal Officer
DOUGLAS RILEY
Phone
5624918775
Tax Period
2024-10-01 to 2025-09-30

THE SALVATION ARMY WAHIAWA RESIDENCES INC, founded in 1991, is a small nonprofit in the Housing & Shelter sector that reported $808K in total revenue in fiscal year 2024. Net assets of $3.2M represent 47 months of operating reserves.

Mission

THE SALVATION ARMY WAHIAWA 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 $488,406
Program Service Revenue $285,475
Investment Income $34,475
Other Revenue $0
TOTAL REVENUE $808,356

Expense Breakdown

Grants Paid $0
Salaries & Benefits $168,487
Fundraising Expenses $0
Program Expenses $776,612
Other Expenses $685,919
TOTAL EXPENSES $854,406

Year-over-Year Comparison

2024 2023 Change
Revenue $808,356 $769,719 +0.1%
Expenses $854,406 $794,455 +0.1%
Net Income $-46,050 $-24,736 +0.9%
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
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 $808,356 $854,406 $3,271,688 $-46,050
2024 No data No data No data No data
2023 $736,624 $754,927 $3,379,835 $-18,303
2022 $714,731 $815,335 $3,369,105 $-100,604
2021 $710,934 $782,497 $3,433,056 $-71,563
2020 $703,701 $744,817 $3,498,564 $-41,116
2019 $680,844 $781,627 $3,600,310 $-100,783
2018 $671,869 $809,449 $3,654,031 $-137,580
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