HERITAGE ACRES INC (EIN 460386021) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1985

Legal Domicile

Principal Officer

JANINE SHORT

Phone

6057200697

Tax Period

2025-01-01 to 2025-12-31

HERITAGE ACRES INC, founded in 1985, is a small nonprofit that reported $851K in total revenue in fiscal year 2018. Expenses of $811K left a modest 5% surplus.

Mission

THE PROVISION OF LOW INCOME HOUSING FOR ELDERLY AND HANDICAPPED INDIVIDUALS WITH THE RENT BASED ON TENANT INCOME.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $52,936

Program Service Revenue $997,653

Investment Income $13,132

Other Revenue $0

TOTAL REVENUE $1,063,721

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,087,587

Other Expenses $1,248,330

TOTAL EXPENSES $1,248,330

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,063,721	$999,683	+0.1%
Expenses	$1,248,330	$1,168,380	+0.1%
Net Income	$-184,609	$-168,697	+0.1%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANINE SHORT	PRESIDENT	2.00	Officer Director	$0	$0	$0
JEREMY VLEIM	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BRYAN HENCKE	MEMBER	1.00	Director	$0	$0	$0
MARK SCHMIDT	MEMBER	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
2025	$1,063,721	$1,248,330	$5,263,547	$-184,609
2024	$999,683	$1,168,380	$5,528,369	$-168,697
2023	$949,743	$1,129,056	$5,760,200	$-179,313
2022	$892,602	$889,794	$6,022,333	$2,808
2021	$804,664	$867,673	$6,084,836	$-63,009
2020	$828,302	$837,174	$5,180,816	$-8,872
2019	$1,017,076	$827,764	$3,314,889	$189,312
2018	$851,482	$811,034	$3,370,306	$40,448

HERITAGE ACRES INC