STATESVILLE ELDERLY HOUSING INC (EIN 562192096) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

LEE SYRIA

Phone

7048839300

Tax Period

2023-10-01 to 2024-09-30

STATESVILLE ELDERLY HOUSING INC, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $304K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $380K exceeded revenue, resulting in a 25% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING TO SENIOR CITIZENS IN STATESVILLE, NORTH CAROLINA.

🔒

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $123,432

Program Service Revenue $176,082

Investment Income $-2,172

Other Revenue $6,176

TOTAL REVENUE $303,518

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $336,137

Other Expenses $379,567

TOTAL EXPENSES $379,567

Year-over-Year Comparison

	2023	2022	Change
Revenue	$303,518	$280,004	+0.1%
Expenses	$379,567	$337,576	+0.1%
Net Income	$-76,049	$-57,572	+0.3%

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

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

$959,538

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORY TOBIN	CHAIR	0.25	Officer Director	$0	$0	$0
JESSE CLANTON	DIRECTOR	0.25	Director	$0	$0	$0
TERESA COOPER	DIRECTOR	0.25	Director	$0	$0	$0
LARRY COVINGTON	DIRECTOR	0.25	Director	$0	$0	$0
WALTER HOFFMAN	DIRECTOR	0.25	Director	$0	$0	$0
MICHELLE POOLER	DIRECTOR	0.25	Director	$0	$0	$0
VICTOR TAYLOR	DIRECTOR	0.25	Director	$0	$0	$0
LISA WARD	DIRECTOR	0.25	Director	$0	$0	$0
MARY WORSLEY	DIRECTOR	0.25	Director	$0	$0	$0
LEE SYRIA	PRESIDENT/CEO	0.25	Officer	$0	$48,900	$541,411
JEANNETTE BRECKENRIDGE	DIRECTOR OF HOUSING SERVICES	0.25	Officer	$0	$16,817	$171,026
TAMMY JONES	CHIEF FINANCIAL OFFICER	0.25	Officer	$0	$32,210	$247,101

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	$303,518	$379,567	$1,554,033	$-76,049
2023	$280,004	$337,576	$1,600,881	$-57,572
2022	$278,572	$345,326	$1,670,942	$-66,754
2021	$278,315	$328,644	$1,738,119	$-50,329
2020	$276,343	$297,846	$1,793,768	$-21,503
2019	$251,461	$315,790	$1,851,790	$-64,329
2018	$237,709	$302,515	$1,896,670	$-64,806

STATESVILLE ELDERLY HOUSING INC