SEPTEMBER PLACE RETIREMENT VILLAGE… - 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

2003

Legal Domicile

Principal Officer

RAMONA BURCH

Phone

6064642464

Tax Period

2024-04-01 to 2025-03-31

SEPTEMBER PLACE RETIREMENT VILLAGE INC, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $590K in total revenue in fiscal year 2024. Expenses of $532K left a modest 10% surplus.

Mission

SEPTEMBER PLACE RETIREMENT VILLAGE, INC. IS AN APARTMENT COMPLEX CONSISTING OF 61 UNITS THAT IS TO PROVIDE LOW INCOME HOUSING FOR THE ELDERLY AND PHYSICALLY DISABLED.

Program Service Accomplishments

Program 1

Expenses: $399,409 Revenue: $585,064

TO PROVIDE LOW INCOME HOUSING FOR THE ELDERLY AND PHYSICALLY 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 $5,072

Program Service Revenue $533,573

Investment Income $147

Other Revenue $51,491

TOTAL REVENUE $590,283

Expense Breakdown

Grants Paid $0

Salaries & Benefits $245,890

Fundraising Expenses $0

Program Expenses $399,409

Other Expenses $285,865

TOTAL EXPENSES $531,755

Year-over-Year Comparison

	2024	2023	Change
Revenue	$590,283	$582,799	+0.0%
Expenses	$531,755	$510,778	+0.0%
Net Income	$58,528	$72,021	-0.2%

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

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
CHARLES GLENN WILSON	CO-CHAIRMAN	1.00	Officer Director	$0	$0	$0
TARA CALDWELL	SECRETARY	1.00	Officer Director	$0	$0	$0
CHARLES BEACH III	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHARLOTTE DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
GENEVA DUNCIL	DIRECTOR	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
2026	No data	No data	No data	No data
2025	$590,283	$531,755	$772,626	$58,528
2024	$582,799	$510,778	$773,991	$72,021
2023	$590,361	$524,745	$759,197	$65,616
2022	$530,660	$535,082	$749,835	$-4,422
2021	$514,577	$524,473	$813,017	$-9,896

SEPTEMBER PLACE RETIREMENT VILLAGE INC