DIGNITY HOUSING ASSOCIATION INC (EIN 570694960) - 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

1980

Legal Domicile

Principal Officer

JANET F CLAYTON

Phone

8035361056

Tax Period

2024-01-01 to 2024-12-31

DIGNITY HOUSING ASSOCIATION INC, founded in 1980, is a small nonprofit in the Housing & Shelter sector that reported $761K in total revenue in fiscal year 2024. Expenses of $650K left a modest 14% surplus.

Mission

DIGNITY HOUSING ASSOCIATION, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF SOUTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING TWO COMMUNITIES KNOWN AS DIGNITY VILLAGE (28 UNITS) AND PALMER PLACE (30 UNITS) LOCATED IN SUMTER, SOUTH CAROLINA AND CAMDEN, SOUTH CAROLINA, RESPECTIVELY, WHICH PROVIDE HOUSING FOR LOW INCOME ELDERLY PERSONS. THE CORPORATION RECEIVES HOUSING ASSISTANCE FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT UNDER SECTION 207 PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED.

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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 $587,220

Program Service Revenue $171,495

Investment Income $788

Other Revenue $1,020

TOTAL REVENUE $760,523

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $516,823

Other Expenses $650,484

TOTAL EXPENSES $650,484

Year-over-Year Comparison

	2024	2023	Change
Revenue	$760,523	$732,296	+0.0%
Expenses	$650,484	$791,361	-0.2%
Net Income	$110,039	$-59,065	-2.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANET F CLAYTON	PRESIDENT	2.00	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
2024	$760,523	$650,484	$1,494,197	$110,039
2023	$732,296	$791,361	$1,426,996	$-59,065
2022	$693,534	$658,801	$1,436,252	$34,733
2021	$711,066	$621,342	$1,463,562	$89,724
2020	$655,765	$581,060	$1,410,558	$74,705
2019	$648,621	$573,236	$1,385,323	$75,385
2018	$622,930	$582,836	$1,379,215	$40,094

DIGNITY HOUSING ASSOCIATION INC