THE ELDERS HOUSE INC

EIN: 462691152 501(c)(3)

Chesapeake, VA

Total Revenue
$260,187
Total Expenses
$1,453,015
Total Assets
N/A
Net Assets
N/A
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
VA
Principal Officer
VALERIE BROWN
Tax Period
2021-01-01 to 2021-12-31

THE ELDERS HOUSE INC, founded in 2013, is a small nonprofit that reported $488K in total revenue in fiscal year 2018. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $196K, a strong 40% operating margin.

Mission

To prevent juvenile delinquency for youth by assisting them to remain focused in life and providing opportunities and tools for them to be successful and productive.

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Trantor Score

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

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $260,187
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $260,187

Expense Breakdown

Grants Paid $0
Salaries & Benefits $86,323
Fundraising Expenses $0
Program Expenses $888,531
Other Expenses $1,366,692
TOTAL EXPENSES $1,453,015

Year-over-Year Comparison

2021 2020 Change
Revenue $260,187 $369,329 -0.3%
Expenses $1,453,015 $322,324 +3.5%
Net Income $-1,192,828 $47,005 -26.4%
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

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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
15
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VALERIE BROWN DIRECTOR 20.00
Officer
$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
2021 $260,187 $1,453,015 No data $-1,192,828
2020 $369,329 $322,324 $1,266,272 $47,005
2019 $333,130 $372,706 $1,636,020 $-39,576
2018 $487,822 $291,404 $1,679,661 $196,418
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