RICHLAND SENIOR CITIZENS HOUSING I… - Form 990 Financial Data

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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

1977

Legal Domicile

Principal Officer

DENNIS FISHER

Phone

8128765478

Tax Period

2023-01-01 to 2023-12-31

RICHLAND SENIOR CITIZENS HOUSING INC, founded in 1977, is a small nonprofit in the Housing & Shelter sector that reported $596K in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $538K left a modest 10% surplus.

Mission

AFFORDABLE HOUSING FOR THE ELDERLY.

Program Service Accomplishments

Program 1

Expenses: $537,574

ALL PROGRAM EXPENDITURES DIRECTLY RELATE TO THE CONTINUOUS OPERATION AND MAINTENANCE OF THE PROJECTS BUILDINGS AND FURNISHINGS AND FOR THE BENEFIT OF THE RESIDENTS UNDER DIRECTION OF THE SECTION 8...

ALL PROGRAM EXPENDITURES DIRECTLY RELATE TO THE CONTINUOUS OPERATION AND MAINTENANCE OF THE PROJECTS BUILDINGS AND FURNISHINGS AND FOR THE BENEFIT OF THE RESIDENTS UNDER DIRECTION OF THE SECTION 8 CONTRACT WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $471,111

Other Revenue $124,550

TOTAL REVENUE $595,661

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $19,800

Fundraising Expenses $0

Program Expenses $537,574

Other Expenses $516,774

TOTAL EXPENSES $537,574

Year-over-Year Comparison

	2023	2022	Change
Revenue	$595,661	$414,655	+0.4%
Expenses	$537,574	$81,995	+5.6%
Net Income	$58,087	$332,660	-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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY CRAVENS	MEMBER	1.00	Director	$0	$0	$0
STEVE ENGLERT	MEMBER	1.00	Director	$0	$0	$0
JIMMIE DURNIL	MEMBER	1.00	Director	$0	$0	$0
LUCY JACOBS	MEMBER	1.00	Director	$0	$0	$0
DENNIS FISHER	PRESIDENT	1.00	Officer	$0	$0	$0
DAWN MAYFIELD	SECRETARY	1.00	Officer	$0	$0	$0
CARL HARRINGTON	TREASURER	1.00	Officer	$0	$0	$0
JOE PEDEN	VICE PRESIDENT	1.00	Officer	$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
2024	No data	No data	No data	No data
2023	$595,661	$537,574	$9,933,768	$58,087
2022	$414,655	$81,995	$9,875,681	$332,660
2021	No data	No data	$4,284,541	No data
2021	$8,314,308	$1,466,188	$9,543,021	$6,848,120
2020	$963,706	$707,295	$4,284,541	$256,411
2019	$1,031,861	$917,430	$4,149,836	$114,431
2018	$718,488	$815,113	$4,109,202	$-96,625

RICHLAND SENIOR CITIZENS HOUSING INC