PROVIDENCE RESIDENTIAL COMMUNITY

EIN: 341896807 501(c)(3) Housing & Shelter

PHOENIX, AZ

Total Revenue
$1,561,719
Total Expenses
$1,636,097
Total Assets
$7,814,861
Net Assets
$3,506,508
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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
1999
Legal Domicile
OH
Principal Officer
PRENTICE O LIPSEY
Phone
4196272273
Tax Period
2024-07-01 to 2025-06-30

PROVIDENCE RESIDENTIAL COMMUNITY, founded in 1999, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2024. Net assets of $3.5M represent 27 months of operating reserves.

Mission

A SENIOR LIVING COMMUNITY WITH VILLA HOMES AND APARTMENTS, WHICH PROVIDES INDEPENDENT LIVING FACILITIES AND LIMITED NURSING SERVICES TO RESIDENTS OVER AGE 55 YEARS.

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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 $0
Program Service Revenue $1,525,401
Investment Income $0
Other Revenue $36,318
TOTAL REVENUE $1,561,719

Expense Breakdown

Grants Paid $0
Salaries & Benefits $460,263
Fundraising Expenses $0
Program Expenses $1,191,209
Other Expenses $1,175,834
TOTAL EXPENSES $1,636,097

Year-over-Year Comparison

2024 2023 Change
Revenue $1,561,719 $1,552,543 +0.0%
Expenses $1,636,097 $1,547,730 +0.1%
Net Income $-74,378 $4,813 -16.5%
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
3
Independent Members
N/A
Employees
N/A
Volunteers
20

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
$6,196,864
Total Directors
3
$13,996,053
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERIKA RICHARDSON DIRECTOR / SEVP CHIEF OPERATING OFFICER 1.00
Director
$0 $580,120 $8,345,090
MITCH MELFI ESQ VICE CHAIRMAN 1.00
Officer Director
$0 $45,113 $4,666,901
PRENTICE LIPSEY CEO/CHAIRMAN 1.00
Officer Director
$0 $97,989 $984,062
ALISA IFFLAND TREASURER / VP OF FINANCE 1.00
Officer
$0 $16,634 $293,251
HEATHER REHMER SECRETARY - VP OF OPERATIONS 1.00
Officer
$0 $32,044 $252,650
JASON NIEHAUS VP OF BUSINESS INTEGRATION/SECRETARY 1.00
$0 $499 $146,357
SEANTELL AMISON ADMINISTRATOR 1.00
$0 $11,994 $130,677
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 $1,561,719 $1,636,097 $7,814,861 $-74,378
2024 $1,552,543 $1,547,730 $8,210,448 $4,813
2023 $1,629,597 $1,327,616 $8,068,443 $301,981
2022 $1,510,889 $1,411,984 $8,444,335 $98,905
2021 $1,377,842 $1,350,786 $9,490,276 $27,056
2020 $1,421,650 $1,356,792 $9,622,054 $64,858
2019 $1,438,078 $1,368,031 $9,858,893 $70,047
2018 $1,372,840 $1,220,928 $10,350,393 $151,912
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