SENIOR CITIZENS HSG DEVELOP CORP OF WASHINGTON (EIN 521485732) - 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

1986

Legal Domicile

Principal Officer

MELANIE RIBEIRO

Phone

9548359200

Tax Period

2024-01-01 to 2024-12-31

SENIOR CITIZENS HSG DEVELOP CORP OF WASHINGTON, founded in 1986, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2024.

Mission

OPERATION OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED, REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

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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 $0

Program Service Revenue $1,238,460

Investment Income $350

Other Revenue $0

TOTAL REVENUE $1,238,810

Expense Breakdown

Grants Paid $0

Salaries & Benefits $394,925

Fundraising Expenses $0

Program Expenses $766,692

Other Expenses $827,215

TOTAL EXPENSES $1,222,140

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,238,810	$1,192,974	+0.0%
Expenses	$1,222,140	$1,174,870	+0.0%
Net Income	$16,670	$18,104	-0.1%

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

N/A

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

$521,004

Total Directors

$547,545

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELANIE RIBEIRO	VICE PRESIDE	0.70	Officer Director	$0	$75,384	$521,004
JOHN OLSEN	DIRECTOR	0.50	Director	$0	$0	$26,541
MARIA CORDONE	SECRETARY	0.30	Officer Director	$0	$0	$0
WILLIAM HOLAYTER	DIRECTOR	0.10	Director	$0	$0	$0
EDWIN POWELL	DIRECTOR	0.10	Director	$0	$0	$0
ERICA SCHMELZER	TREASURER	0.40	Officer Director	$0	$0	$0
CHRISTOPHER SHELTON	PRESIDENT	0.50	Officer Director	$0	$0	$0
MARJORIE SLISZ	DIRECTOR	0.10	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	$1,238,810	$1,222,140	$1,451,240	$16,670
2023	$1,192,974	$1,174,870	$1,651,173	$18,104
2022	$1,138,388	$1,163,494	$1,571,887	$-25,106
2021	$1,104,771	$1,103,313	$1,635,697	$1,458
2020	$1,076,613	$1,041,030	$1,749,793	$35,583
2019	$1,073,052	$1,139,620	$1,773,826	$-66,568
2018	$1,063,207	$989,687	$1,915,028	$73,520

SENIOR CITIZENS HSG DEVELOP CORP OF WASHINGTON