SMITHFIELD, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)COA SENIOR HOUSING INC, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $257K in total revenue in fiscal year 2023. Expenses of $288K exceeded revenue, resulting in a 12% operating deficit.
THE ORGANIZATION WAS FORMED AS A NON-PROFIT CORPORATION FOR THE PURPOSE OF CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE PROJECT CONSISTS OF 36 HUD-ASSISTED ELDERLY HOUSING UNITS AND 1 MARKET RATE UNIT CURRENTLY BEING USED AS AN ADMINISTRATIVE RENT-FREE UNIT IN CLAYTON, NORTH CAROLINA AND IS CURRENTLY OPERATING UNDER THE NAME OF VILLAGE GARDENS. OCCUPANCY WAS APPROVED BY HUD ON OCTOBER 21, 1996. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS. OCCUPANCY IS RESTRICTED BY HUD TO VERY LOW-INCOME HOUSEHOLDS WITH AT LEAST ONE PERSON 62 YEARS OF AGE OR OLDER. A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD UNDER A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC). DURING THE YEAR ENDED DECEMBER 31, 2022, RENTAL REVENUE FROM HUD TOTALED 101,868, REPRESENTING 43.6% OF TOTAL REVENUE. FINANCING WAS PROVIDED BY HUD WITH A SECTION 202 CAPITAL ADVANCE. THE PROJECT'S CAPITAL ADVANCE TOGETHER WITH I
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $256,622 | $259,895 | 0.0% |
| Expenses | $288,234 | $317,667 | -0.1% |
| Net Income | $-31,612 | $-57,772 | -0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LEE BYRD | SEC./TREASUR | N/A |
Officer
Director
|
$0 | $0 | $0 |
| JIMMY PARKER | CHAIR | N/A |
Officer
Director
|
$0 | $0 | $0 |
| STEVE STRICKLAND | VICE CHAIR | N/A |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $256,622 | $288,234 | $892,467 | $-31,612 |
| 2022 | $259,895 | $317,667 | $922,213 | $-57,772 |
| 2021 | $257,332 | $296,236 | $977,125 | $-38,904 |
| 2020 | $256,400 | $288,602 | $1,003,836 | $-32,202 |
| 2019 | $243,441 | $290,977 | $1,026,971 | $-47,536 |
| 2018 | $219,329 | $287,046 | $1,068,643 | $-67,717 |
Compare COA SENIOR HOUSING INC with other nonprofits in North Carolina and across the country.