Bon Secours Housing Inc (EIN 521442707) - 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

1983

Legal Domicile

Phone

5139525000

Tax Period

2023-09-01 to 2024-08-31

Bon Secours Housing Inc, founded in 1983, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

To provide low income housing for the elderly under Section 202 of the National Housing Act

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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 $0

Program Service Revenue $1,418,330

Investment Income $4,014

Other Revenue $7,858

TOTAL REVENUE $1,430,202

Expense Breakdown

Grants Paid $0

Salaries & Benefits $226,842

Fundraising Expenses $0

Program Expenses $1,337,828

Other Expenses $1,323,790

TOTAL EXPENSES $1,550,632

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,430,202	$1,318,455	+0.1%
Expenses	$1,550,632	$1,476,149	+0.1%
Net Income	$-120,430	$-157,694	-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

N/A

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

$241,590

Total Directors

$241,590

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
George Kleb	Treasurer	0.3	Officer Director	$0	$61,628	$241,590
Sr Nancy Glynn	Secretary (Beg 07/24)	0.3	Officer Director	$0	$0	$0
Sr Patricia Dowling CBS	President	0.3	Officer Director	$0	$0	$0
Josephine Battaglia	Board Member (Beg 04/24)	0.3	Director	$0	$0	$0
Larry Jones	Board Member	0.3	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	$1,430,202	$1,550,632	$3,905,398	$-120,430
2023	$1,318,455	$1,476,149	$4,078,001	$-157,694
2022	$1,381,354	$1,365,336	$4,309,078	$16,018
2021	$1,382,990	$1,367,946	$4,444,734	$15,044
2020	$1,318,277	$1,354,464	$4,435,731	$-36,187
2019	$1,428,952	$1,406,216	$4,825,274	$22,736
2018	$1,228,486	$1,072,425	$4,860,491	$156,061

Bon Secours Housing Inc