ELDERLY HOUSING CORPORATION (EIN 411720252) - 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

1977

Legal Domicile

Principal Officer

PATRICIA GUSTAFSON

Phone

5073340100

Tax Period

2024-01-01 to 2024-12-31

ELDERLY HOUSING CORPORATION, founded in 1977, is a small nonprofit in the Housing & Shelter sector that reported $554K in total revenue in fiscal year 2024. The organization ran a surplus of $162K, a strong 29% operating margin.

Mission

TO PROVIDE AFFORDABLE HOUSING TO THE ELDERLY AND DISABLED.

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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 $353,864

Program Service Revenue $199,900

Investment Income $608

Other Revenue $0

TOTAL REVENUE $554,372

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,000

Fundraising Expenses $0

Program Expenses $292,253

Other Expenses $362,114

TOTAL EXPENSES $392,114

Year-over-Year Comparison

	2024	2023	Change
Revenue	$554,372	$561,610	0.0%
Expenses	$392,114	$304,491	+0.3%
Net Income	$162,258	$257,119	-0.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA GUSTAFSON	CHAIR	1.00	Officer Director	$0	$0	$0
COLIN MALTBIE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MANDY BARNES	SECRETARY	1.00	Officer Director	$0	$0	$0
SARA CARON	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS KATH	MEMBER AT LARGE	1.00	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	$554,372	$392,114	$2,144,877	$162,258
2023	$561,610	$304,491	$1,979,896	$257,119
2022	$512,429	$362,942	$1,661,755	$149,487
2021	$498,710	$314,790	$1,746,504	$183,920
2020	$446,940	$447,070	$1,399,548	$-130
2019	$378,008	$328,906	$1,395,266	$49,102
2018	$356,703	$296,675	$1,381,071	$60,028

ELDERLY HOUSING CORPORATION