CORINTHIAN GARDENS INC

EIN: 421253242 501(c)(3) Housing & Shelter

WEST DES MOINES, IA

Total Revenue
$38,600
Total Expenses
$5,109
Total Assets
$800,235
Net Assets
$800,235
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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
1986
Legal Domicile
IA
Principal Officer
REV SARAI SCHNUCKER RICE
Phone
5152435823
Tax Period
2023-01-01 to 2023-12-31

CORINTHIAN GARDENS INC, founded in 1986, is a micro nonprofit in the Housing & Shelter sector that reported $39K in total revenue in fiscal year 2023. Revenue surged 111% from the prior year, signaling strong growth momentum. The organization ran a surplus of $33K, a strong 87% operating margin.

Mission

TO PROVIDE LOW INCOME HOUSING TO THE ELDERLY AND THE PHYSICALLY OR VISUALLY IMPAIRED.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $38,600
Investment Income $0
Other Revenue $0
TOTAL REVENUE $38,600

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $5,109
TOTAL EXPENSES $5,109

Year-over-Year Comparison

2023 2022 Change
Revenue $38,600 $18,263 +1.1%
Expenses $5,109 $6,033 -0.2%
Net Income $33,491 $12,230 +1.7%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
10

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
5
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY LYNNE JONES DIRECTOR 0.50
Director
$0 $0 $0
OCIE LOVE DIRECTOR 0.50
Director
$0 $0 $0
DANIEL STOKES DIRECTOR 0.50
Director
$0 $0 $0
ERIC BURMEISTER LEFT APRIL 2023 DIRECTOR 0.50
Director
$0 $0 $0
SHERICE MCCAMEY DIRECTOR 0.50
Director
$0 $0 $0
CHARLES SINNAH-YOVONIE DIRECTOR 0.50
Director
$0 $0 $0
NECOLE MCGARY DIRECTOR 0.50
Director
$0 $0 $0
REV SARAI SCHNUCKER RICE CHAIRMAN 2.00
Officer Director
$0 $0 $0
PHYLLIS BUTLER VICE CHAIRMA 1.00
Officer Director
$0 $0 $0
VIVIAN HAYASHI SECRETARY 1.00
Officer Director
$0 $0 $0
LA-MONTIE GAUSE ASSISTANT SE 0.50
Officer Director
$0 $0 $0
CANDASIE ROSE TREASURER 1.00
Officer 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 No data No data No data No data
2023 $38,600 $5,109 $800,235 $33,491
2022 $18,263 $6,033 $766,744 $12,230
2021 $38,555 $6,866 $703,326 $31,689
2020 No data $3,634 $671,637 No data
2019 $14,674 $2,643 $675,271 $12,031
2018 $160,618 $1,054 $665,130 $159,564
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