VERNON SENIOR CITIZENS HOUSING DEVELOPMENT CORPORATION

EIN: 521513984 501(c)(3) Housing & Shelter

PLANTATION, FL

Total Revenue
$380,327
Total Expenses
$537,201
Total Assets
$835,311
Net Assets
$-627,998
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
LA
Principal Officer
MELANIE RIBEIRO
Phone
9548359200
Tax Period
2024-04-01 to 2025-03-31

VERNON SENIOR CITIZENS HOUSING DEVELOPMENT CORPORATION, founded in 1987, is a small nonprofit in the Housing & Shelter sector that reported $380K in total revenue in fiscal year 2024. Expenses of $537K exceeded revenue, resulting in a 41% operating deficit.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $321,794 Revenue: $379,345

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

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $379,345
Investment Income $942
Other Revenue $40
TOTAL REVENUE $380,327

Expense Breakdown

Grants Paid $0
Salaries & Benefits $239,285
Fundraising Expenses $0
Program Expenses $321,794
Other Expenses $297,916
TOTAL EXPENSES $537,201

Year-over-Year Comparison

2024 2023 Change
Revenue $380,327 $368,531 +0.0%
Expenses $537,201 $480,205 +0.1%
Net Income $-156,874 $-111,674 +0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
7
Independent Members
6
Employees
4
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
4
$521,004
Total Directors
7
$26,541
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELANIE RIBEIRO VICE PRESIDE 0.70
Officer
$0 $75,384 $521,004
JOHN OLSEN DIRECTOR 0.10
Director
$0 $0 $26,541
MARIA CORDONE SECRETARY 0.30
Officer Director
$0 $0 $0
HOWARD L COY TREASURER 0.10
Officer Director
$0 $0 $0
TONY FRANSETTA DIRECTOR 0.10
Director
$0 $0 $0
MIKE MARTIN DIRECTOR 0.10
Director
$0 $0 $0
ERICA SCHMELZER DIRECTOR 0.10
Director
$0 $0 $0
CHRISTOPHER SHELTON PRESIDENT 0.50
Officer 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
2025 $380,327 $537,201 $835,311 $-156,874
2024 $368,531 $480,205 $888,698 $-111,674
2023 $373,147 $431,963 $874,663 $-58,816
2022 $363,644 $338,933 $893,650 $24,711
2021 $345,804 $384,519 $881,657 $-38,715
2020 $361,280 $365,391 $934,532 $-4,111
2019 $347,362 $389,519 $974,012 $-42,157
2018 $362,593 $400,527 $1,020,513 $-37,934
Explore More Nonprofits
→Top 100 Nonprofits in Florida →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare VERNON SENIOR CITIZENS HOUSING DEVELOPMENT CORPORATION with other nonprofits in Florida and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.