SILER CITY HOUSING CORPORATION (EIN 561215348) - 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

1978

Legal Domicile

Principal Officer

MELODY DARK

Phone

9196632526

Tax Period

2023-01-01 to 2023-12-31

SILER CITY HOUSING CORPORATION, founded in 1978, is a small nonprofit in the Housing & Shelter sector that reported $224K in total revenue in fiscal year 2023.

Mission

TO PROVIDE LOW INCOME HOUSING FOR ELDERLY, HANDICAPPED, AND DISABLED RESIDENTS.

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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 $111,380

Program Service Revenue $111,278

Investment Income $1,099

Other Revenue $0

TOTAL REVENUE $223,757

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $229,133

Other Expenses $235,295

TOTAL EXPENSES $235,295

Year-over-Year Comparison

	2023	2022	Change
Revenue	$223,757	$214,501	+0.0%
Expenses	$235,295	$232,080	+0.0%
Net Income	$-11,538	$-17,579	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELODY DARK	PRESIDENT	1.00	Officer Director	$0	$0	$0
DONALD STRICKLAND	TREASURER	1.00	Officer Director	$0	$0	$0
DALTON MOFFITT	SECRETARY	1.00	Officer Director	$0	$0	$0
ALBERT T ALSTON	DIRECTOR	1.00	Director	$0	$0	$0
REV GEORGE DARK	DIRECTOR	1.00	Director	$0	$0	$0
MARY HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA MAULDIN	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD MILLER	DIRECTOR	1.00	Director	$0	$0	$0
REV DAVID SCOTTON SR	DIRECTOR	1.00	Director	$0	$0	$0
MELINDA WALDEN	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	No data	No data	No data	No data
2023	$223,757	$235,295	$1,086,244	$-11,538
2022	$214,501	$232,080	$1,104,045	$-17,579
2021	$205,372	$192,007	$1,123,647	$13,365
2020	$195,855	$203,755	$1,117,258	$-7,900
2019	$193,788	$205,166	$1,117,810	$-11,378
2018	$185,281	$200,455	$1,130,462	$-15,174

SILER CITY HOUSING CORPORATION