SALEM HOUSING DEVELOPMENT CORPORATION (EIN 470635210) - 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

1981

Legal Domicile

Principal Officer

MARK OWSLEY

Phone

4024518456

Tax Period

2023-01-01 to 2023-12-31

SALEM HOUSING DEVELOPMENT CORPORATION, founded in 1981, is a small nonprofit that reported $512K in total revenue in fiscal year 2023.

Mission

SALEM HOUSING DEVELPMENT CORPORATION IS A NOT-FOR-PROFIT CORPORATION THAT WAS FORMED MAY 15, 1981 UNDER THE NOT-FOR-PROFIT STATUES OF THE STATE OF NEBRASKA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 50 UNIT COMMUNITY KNOWN AS J.C. WADE SENIOR VILLA LOCATED IN OMAHA, NEBRASKA, WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY PERSONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $399,033

Program Service Revenue $110,790

Investment Income $52

Other Revenue $1,772

TOTAL REVENUE $511,647

Expense Breakdown

Grants Paid $0

Salaries & Benefits $116,588

Fundraising Expenses $0

Program Expenses $505,187

Other Expenses $404,109

TOTAL EXPENSES $520,697

Year-over-Year Comparison

	2023	2022	Change
Revenue	$511,647	$495,493	+0.0%
Expenses	$520,697	$490,177	+0.1%
Net Income	$-9,050	$5,316	-2.7%

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

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
MARK OWSLEY	PRESIDENT	10.00	Officer Director	$0	$0	$0
JAMES BREWER	DIRECTOR	2.00	Director	$0	$0	$0
GARY WALKER	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
RHONDA HODGE-MASON	SECRETARY	5.00	Officer Director	$0	$0	$0
JASON ROBERTS	TREASURER	5.00	Officer Director	$0	$0	$0
CAMERON SESSIONS	ASST. SECRETARY	2.00	Officer Director	$0	$0	$0
NANCY SCURLOCK	DIRECTOR	2.00	Director	$0	$0	$0
BRAYMOND ADAMS	DIRECTOR	2.00	Director	$0	$0	$0
LORI HILL	DIRECTOR	2.00	Director	$0	$0	$0
ROOSEVELT LEE	DIRECTOR	2.00	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	No data	No data	No data	No data
2023	$511,647	$520,697	$879,622	$-9,050
2022	$495,493	$490,177	$956,311	$5,316
2021	$482,802	$527,358	$997,580	$-44,556
2020	$480,200	$458,340	$1,085,539	$21,860
2019	$525,584	$405,772	$1,149,529	$119,812
2018	$467,690	$580,716	$1,075,199	$-113,026

SALEM HOUSING DEVELOPMENT CORPORATION