THE SALVATION ARMY PUYALLUP RESIDENCES INC

EIN: 330627711 501(c)(3) Housing & Shelter

RANCHO PALOS VERDES, CA

Total Revenue
$420,986
Total Expenses
$495,223
Total Assets
$1,600,147
Net Assets
$1,506,014
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
WA
Principal Officer
DOUGLAS RILEY
Phone
5624918775
Tax Period
2024-10-01 to 2025-09-30

THE SALVATION ARMY PUYALLUP RESIDENCES INC, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $421K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $495K exceeded revenue, resulting in a 18% operating deficit.

Mission

THE SALVATION ARMY PAYALLUP 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 $234,510
Program Service Revenue $172,952
Investment Income $13,524
Other Revenue $0
TOTAL REVENUE $420,986

Expense Breakdown

Grants Paid $0
Salaries & Benefits $138,599
Fundraising Expenses $0
Program Expenses $443,992
Other Expenses $356,624
TOTAL EXPENSES $495,223

Year-over-Year Comparison

2024 2023 Change
Revenue $420,986 $382,963 +0.1%
Expenses $495,223 $452,574 +0.1%
Net Income $-74,237 $-69,611 +0.1%
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
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
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 $420,986 $495,223 $1,600,147 $-74,237
2024 No data No data No data No data
2023 $376,169 $423,373 $1,683,392 $-47,204
2022 $354,477 $408,844 $1,743,400 $-54,367
2021 $348,048 $405,935 $1,802,562 $-57,887
2020 $321,766 $393,138 $1,867,528 $-71,372
2019 $301,924 $369,793 $1,939,763 $-67,869
2018 $304,931 $374,815 $2,014,472 $-69,884
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