HEARTHSTONE ELDERLY HOUSING CORPORATION (EIN 363723577) - 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

BOB MCQUISTAN

Phone

4023620460

Tax Period

2023-10-01 to 2024-09-30

HEARTHSTONE ELDERLY HOUSING CORPORATION, founded in 1989, is a small nonprofit in the Housing & Shelter sector that reported $227K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $213K left a modest 6% surplus.

Mission

To provide low income and elderly and or handicapped persons with affordable housing facilities and services.

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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 $108,354

Program Service Revenue $114,254

Investment Income $520

Other Revenue $3,425

TOTAL REVENUE $226,553

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $188,188

Other Expenses $213,336

TOTAL EXPENSES $213,336

Year-over-Year Comparison

	2023	2022	Change
Revenue	$226,553	$381,205	-0.4%
Expenses	$213,336	$243,507	-0.1%
Net Income	$13,217	$137,698	-0.9%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
CHARLES HARRIS	CHAIRPERSON	Officer Director	$0	$0	$0
SHIRLEY WITTE	SECRETARY	Officer Director	$0	$0	$0
KRISTIE HOLOCH	BOARD MEMBER	Director	$0	$0	$0
CANDY OTTE	BOARD MEMBER	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
2024	$226,553	$213,336	$718,000	$13,217
2023	$381,205	$243,507	$600,845	$137,698
2022	$204,664	$207,409	$483,209	$-2,745
2021	$196,835	$198,699	$507,672	$-1,864
2020	$221,657	$199,265	$547,515	$22,392

HEARTHSTONE ELDERLY HOUSING CORPORATION