ADVENT SENIOR HOUSING INC C/O HOUS… - Form 990 Financial Data

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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

1984

Legal Domicile

Principal Officer

KEVIN ECKER

Phone

4108373433

Tax Period

2023-10-01 to 2024-09-30

ADVENT SENIOR HOUSING INC C/O HOUSING HEALTH SVCS, founded in 1984, is a small nonprofit in the Housing & Shelter sector that reported $379K in total revenue in fiscal year 2023.

Mission

TO PROVIDE HOUSING FACILITIES FOR THE LOW-INCOME ELDERLY.

Program Service Accomplishments

Program 1

Expenses: $361,529 Revenue: $86,704

THE ORGANIZATION OWNS AN APARTMENT COMPLEX OF 20 UNITS WHICH PROVIDES HOUSING FACILITIES FOR THE LOW-INCOME ELDERLY. THE COMPLEX IS OPERATED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AND...

THE ORGANIZATION OWNS AN APARTMENT COMPLEX OF 20 UNITS WHICH PROVIDES HOUSING FACILITIES FOR THE LOW-INCOME ELDERLY. THE COMPLEX IS OPERATED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AND PARTICIPATES IN THE SECTION 8 HOUSING ASSISTANCE PAYMENT PROGRAM. SUCH FACILITIES ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS.

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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 $291,965

Program Service Revenue $88,916

Investment Income $-2,190

Other Revenue $0

TOTAL REVENUE $378,691

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,604

Fundraising Expenses $0

Program Expenses $361,529

Other Expenses $366,160

TOTAL EXPENSES $408,764

Year-over-Year Comparison

	2023	2022	Change
Revenue	$378,691	$360,281	+0.1%
Expenses	$408,764	$400,351	+0.0%
Net Income	$-30,073	$-40,070	-0.2%

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
KEVIN ECKER	PRESIDENT	1.00	Officer Director	$0	$0	$0
DONNA CATTERTON	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
CLARENCE CATTERTON	DIRECTOR	1.00	Director	$0	$0	$0
MELVIN HUNT	DIRECTOR	1.00	Director	$0	$0	$0
LINDA LONG	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY MANIK	DIRECTOR	1.00	Director	$0	$0	$0
JOAN MCGONIGAL	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH SHORB	DIRECTOR	1.00	Director	$0	$0	$0
LARRY ROUNDS	DIRECTOR	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
2024	$378,691	$408,764	$743,194	$-30,073
2023	$360,281	$400,351	$763,197	$-40,070
2022	$352,602	$388,315	$800,908	$-35,713
2021	$348,264	$398,185	$835,815	$-49,921
2020	$332,561	$399,864	$890,623	$-67,303
2019	$338,211	$416,721	$937,547	$-78,510
2018	$336,296	$411,610	$1,004,495	$-75,314

ADVENT SENIOR HOUSING INC C/O HOUSING HEALTH SVCS