INGLESIDE HOMES INC

EIN: 510113243 501(c)(3) Human Services

WILMINGTON, DE

Total Revenue
$8,784,397
Total Expenses
$9,105,568
Total Assets
$17,334,142
Net Assets
$4,241,821
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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
1975
Legal Domicile
DE
Principal Officer
LAWRENCE CESSNA
Phone
3025750250
Tax Period
2024-01-01 to 2024-12-31

INGLESIDE HOMES INC, founded in 1975, is a community nonprofit in the Human Services sector that reported $8.8M in total revenue in fiscal year 2024.

Mission

INGLESIDE HOMES, INC. PROVIDES AFFORDABLE HOUSING AND HEALTHCARE SERVICES FOR LOW TO MODERATE INCOME SENIORS IN THE DELAWARE VALLEY. THE ORGANIZATION OFFERS SERVICES TO SENIORS AT ANY LEVEL OF INDEPENDENCE THROUGH ITS PROGRAMS THAT INCLUDE INGLESIDE RETIREMENT APARTMENTS, INGLESIDE ASSISTED LIVING, INGLESIDE SENIOR SERVICES, INGLESIDE HOME HEALTHCARE, AND THE ALLETTA LAIRD & ROBERT N. DOWNS CULTURAL CENTER.

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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 (2024)

Revenue Breakdown

Contributions & Grants $424,260
Program Service Revenue $8,222,430
Investment Income $86,646
Other Revenue $51,061
TOTAL REVENUE $8,784,397

Expense Breakdown

Grants Paid $148,964
Salaries & Benefits $5,245,414
Fundraising Expenses $162,714
Program Expenses $8,212,217
Other Expenses $3,711,190
TOTAL EXPENSES $9,105,568

Year-over-Year Comparison

2024 2023 Change
Revenue $8,784,397 $8,627,221 +0.0%
Expenses $9,105,568 $8,452,361 +0.1%
Net Income $-321,171 $174,860 -2.8%
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
10
Independent Members
10
Employees
203
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
4
$325,254
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM GARRITY TRUSTEE, CHAIRMAN 1.00
Officer Director
$0 $0 $0
TIMOTHY S FERRY ESQ TRUSTEE 1.00
Director
$0 $0 $0
JASON P ROEBKE TRUSTEE 1.00
Director
$0 $0 $0
ROBERT ROGERS TRUSTEE, TREASURER, VICE CHAIR 1.00
Officer Director
$0 $0 $0
MAX FRIEDMAN TRUSTEE 1.00
Director
$0 $0 $0
EDMUND FOSU-LARYEA CPA TRUSTEE 1.00
Director
$0 $0 $0
DAVID ZERBATO ESQUIRE TRUSTEE, SECRETARY 1.00
Officer Director
$0 $0 $0
DIANE R CAMPANILE TRUSTEE 1.00
Director
$0 $0 $0
DONNA CASEY TRUSTEE 1.00
Director
$0 $0 $0
ANDREW ALCARESE TRUSTEE 1.00
Director
$0 $0 $0
LAWRENCE CESSNA PRESIDENT, CEO 40.00
Officer
$302,458 $22,796 $325,254
CATHY CESSNA DIRECTOR OF FUND DEVELOPMENT 40.00
Highest
$132,021 $13,734 $145,755
DENISE WILLIAMS EXECUTIVE DIRECTOR 40.00
Highest
$135,611 $7,256 $142,867
JAMES WAMAE IAL DIRECTOR OF NURSING 40.00
Highest
$100,702 $7,411 $108,113
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 $8,784,397 $9,105,568 $17,334,142 $-321,171
2023 $8,627,221 $8,452,361 $17,578,836 $174,860
2022 $7,342,849 $7,863,229 $17,268,370 $-520,380
2021 $7,086,670 $7,317,967 $17,960,012 $-231,297
2020 $8,724,134 $7,691,760 $18,085,700 $1,032,374
2019 $7,222,157 $7,202,976 $16,908,107 $19,181
2018 $6,779,644 $6,921,167 $16,951,950 $-141,523
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