INGLESIDE HOMES INC

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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

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

TO PROVIDE AFFORDABLE HOUSING AND HOME CARE SERVICES FOR LOW TO MODERATE INCOME SENIORS IN THE DELAWARE VALLEY THROUGH ITS PROGRAMS THAT INCLUDE INGLESIDE RETIREMENT APARTMENTS, INGLESIDE ASSISTED LIVING, INGLESIDE SENIOR SERVICES, INGLESIDE HOME CARE, AND THE ALLETTA LAIRD & ROBERT N. DOWNS CULTURAL CENTER.

Program Service Accomplishments

Program 1

Expenses: $4,377,063 Revenue: $4,375,623

INGLESIDE RETIREMENT APARTMENTS - A 208-UNIT APARTMENT COMPLEX REGULATED UNDER SECTIONS 8 AND 236 OF THE NATIONAL HOUSING ACT THAT PROVIDES AFFORDABLE HOUSING TO ELDERLY AND LOW INCOME INDIVIDUALS...

INGLESIDE RETIREMENT APARTMENTS - A 208-UNIT APARTMENT COMPLEX REGULATED UNDER SECTIONS 8 AND 236 OF THE NATIONAL HOUSING ACT THAT PROVIDES AFFORDABLE HOUSING TO ELDERLY AND LOW INCOME INDIVIDUALS. PROVIDED APPROXIMATELY 65,749 DAYS OF SHELTER DURING THE YEAR.

Program 2

Expenses: $2,763,706 Revenue: $2,902,187

INGLESIDE ASSISTED LIVING - AN ASSISTED LIVING HOUSING FACILITY THAT OFFERS SENIORS THE ABILITY TO LIVE INDEPENDENTLY WITH ASSISTANCE. PROVIDED 19,549 DAYS OF CARE DURING THE YEAR.

Program 3

Expenses: $869,566 Revenue: $859,627

INGLESIDE HOME CARE - PROVIDES COMPANION CARE AND PERSONAL ASSISTANCE SERVICES TO THE ELDERLY IN NEED. THE HOME CARE PROGRAM PROVIDES SERVICE TO ELDERLY CLIENTS IN THE AREAS OF PERSONAL CARE...

INGLESIDE HOME CARE - PROVIDES COMPANION CARE AND PERSONAL ASSISTANCE SERVICES TO THE ELDERLY IN NEED. THE HOME CARE PROGRAM PROVIDES SERVICE TO ELDERLY CLIENTS IN THE AREAS OF PERSONAL CARE, COMPANIONSHIP, AND HOUSEKEEPING. THERE WERE 17,236 HOURS OF HOME CARE SERVICE PROVIDED DURING THE YEAR. THERE WERE 791 UNITS OF HOUSEKEEPING SERVICES AND 1,239 UNITS OF LAUNDRY SERVICES.

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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 (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

Governance

Voting Members

Independent Members

Employees

203

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

$325,254

Total Directors

Key Employees

Highest Compensated

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