SOUTH HAVEN HOMEOWNERS ASSOCIATION INC

EIN: 351292198 Housing & Shelter

Portage, IN

Total Revenue
$340,109
Total Expenses
$320,967
Total Assets
$345,717
Net Assets
$347,487
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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
1964
Legal Domicile
IN
Principal Officer
Nancy Jackson
Phone
2197591875
Tax Period
2023-01-01 to 2023-12-31

SOUTH HAVEN HOMEOWNERS ASSOCIATION INC, founded in 1964, is a small nonprofit in the Housing & Shelter sector that reported $340K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $321K left a modest 6% surplus.

Mission

To Provide Services to the Homeowners of South Haven, Community, Indiana

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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 $338,270
Program Service Revenue $0
Investment Income $1,839
Other Revenue $0
TOTAL REVENUE $340,109

Expense Breakdown

Grants Paid $0
Salaries & Benefits $57,118
Fundraising Expenses $0
Program Expenses $0
Other Expenses $263,849
TOTAL EXPENSES $320,967

Year-over-Year Comparison

2023 2022 Change
Revenue $340,109 $289,546 +0.2%
Expenses $320,967 $340,412 -0.1%
Net Income $19,142 $-50,866 -1.4%
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
8
Independent Members
N/A
Employees
1
Volunteers
8

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
8
$53,547
Total Directors
8
$53,547
Key Employees
1
$53,547
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nancy Jackson President 40.00
Officer Director Key Emp Highest
$53,547 $0 $53,547
Patricia Lawson Vice President 0
Officer Director
$0 $0 $0
Clara Blakely Treasurer 0
Officer Director
$0 $0 $0
Jennifer Jacob Secretary 0
Officer Director
$0 $0 $0
Paula Ralpack Director 0
Officer Director
$0 $0 $0
Randy Greer Director 0
Officer Director
$0 $0 $0
Andrea O'Donovan Director 0
Officer Director
$0 $0 $0
Sharon Knolia Director 0
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 No data No data No data No data
2024 No data No data No data No data
2023 $340,109 $320,967 $345,717 $19,142
2022 $289,546 $340,412 $328,802 $-50,866
2021 $382,570 $313,883 $381,051 $68,687
2020 $330,623 $301,469 $312,963 $29,154
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