KENWOOD AREA HOUSING INC C/O EMBRACE LIVING COMMUNITIES (EIN 363696608) - 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

1989

Legal Domicile

Principal Officer

RALPH GAINES

Phone

6305218021

Tax Period

2024-01-01 to 2024-12-31

KENWOOD AREA HOUSING INC C/O EMBRACE LIVING COMMUNITIES, founded in 1989, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2020. Revenue surged 103% from the prior year, signaling strong growth momentum. Expenses of $1.2M exceeded revenue, resulting in a 11% 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 $1,192,491

Investment Income $263

Other Revenue $2,816

TOTAL REVENUE $1,195,570

Expense Breakdown

Grants Paid $0

Salaries & Benefits $413,640

Fundraising Expenses $0

Program Expenses $1,215,180

Other Expenses $883,977

TOTAL EXPENSES $1,297,617

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,195,570	$1,103,179	+0.1%
Expenses	$1,297,617	$1,243,609	+0.0%
Net Income	$-102,047	$-140,430	-0.3%

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
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 & CEO	1.00	Officer	$0	$22,837	$237,003
GARY ADAMS	DIRECTOR OF OPERATIONS	0.20	Officer	$0	$29,254	$145,325
ALINA SERBAN	CHIEF OF STAFF	1.00	Highest	$0	$38,357	$139,821
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

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	$1,195,570	$1,297,617	$1,438,124	$-102,047
2023	$1,103,179	$1,243,609	$1,405,213	$-140,430
2022	$1,060,572	$1,184,346	$1,530,961	$-123,774
2021	$1,067,590	$1,195,269	$1,733,332	$-127,679
2020	$1,077,168	$1,195,863	$1,829,264	$-118,695

KENWOOD AREA HOUSING INC C/O EMBRACE LIVING COMMUNITIES