GLENVIEW ELDERLY HOUSING INC C/O EMBRACE LIVING COMMUNITIES (EIN 363569408) - Form 990 Financial Analysis & Trantor Score

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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

1984

Legal Domicile

Principal Officer

RALPH GAINES

Phone

6305218021

Tax Period

2024-01-01 to 2024-12-31

GLENVIEW ELDERLY HOUSING INC C/O EMBRACE LIVING COMMUNITIES, founded in 1984, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2024. Expenses of $1.7M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROVIDE ACTIVELY AGING ADULTS AFFORDABLE WELCOMING HOMES IN COMMUNITIES THAT EMBRACE LIVING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,497,662

Investment Income $7,351

Other Revenue $9,199

TOTAL REVENUE $1,514,212

Expense Breakdown

Grants Paid $0

Salaries & Benefits $450,682

Fundraising Expenses $0

Program Expenses $1,608,406

Other Expenses $1,263,606

TOTAL EXPENSES $1,714,288

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,514,212	$1,442,466	+0.0%
Expenses	$1,714,288	$1,554,790	+0.1%
Net Income	$-200,076	$-112,324	+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

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

$804,539

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV JESSE KNOX	OUTGOING DIRECTOR	0.20	Director	$0	$0	$0
NATHAN BRIGGS	OUTGOING DIRECTOR	0.20	Director	$0	$0	$0
SCOTT MEYER	CHAIRMAN	0.20	Director	$0	$0	$0
RUTH CARLSON	DIRECTOR	0.20	Director	$0	$0	$0
KAREN LATIMER-HORSTHEAKE	DIRECTOR	0.20	Director	$0	$0	$0
TONYA PITTS	DIRECTOR	0.20	Director	$0	$0	$0
IRV WOODS	DIRECTOR	0.20	Director	$0	$0	$0
ROBERT GAMRATH	DIRECTOR	0.20	Director	$0	$0	$0
J PAUL BERTSCHE	DIRECTOR	0.20	Director	$0	$0	$0
RALPH GAINES	PRESIDENT & CEO	0.20	Officer	$0	$50,615	$422,211
ANNE M OLIVA	EXECUTIVE VICE PRESIDENT &	1.00	Officer	$0	$22,837	$237,003
GARY ADAMS	DIRECTOR OF OPERATIONS	0.20	Officer	$0	$29,254	$145,325
JENNIFER TRUPPA	DIRECTOR OF SOCIAL SERVICE	1.00	Highest	$0	$40,480	$160,134
DAWN ZENKNER	CONTROLLER	0.20	Highest	$0	$38,818	$151,239
ED HAVLOVIC	DIRECTOR OF PLANT OPERATIO	1.00	Highest	$0	$27,750	$134,566
ALINA SERBAN	CHIEF OF STAFF	1.00	Highest	$0	$38,357	$139,821

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	$1,514,212	$1,714,288	$2,049,482	$-200,076
2023	$1,442,466	$1,554,790	$2,334,361	$-112,324
2022	$1,387,960	$1,288,442	$2,568,732	$99,518
2021	$1,348,462	$1,459,517	$2,632,181	$-111,055
2020	$1,378,993	$1,366,603	$2,804,886	$12,390

GLENVIEW ELDERLY HOUSING INC C/O EMBRACE LIVING COMMUNITIES