PLUSH MEADOW SENIOR HOUSING CORP

EIN: 571079544 501(c)(3) Human Services

SPARTANBURG, SC

Total Revenue
$309,368
Total Expenses
$451,200
Total Assets
$993,041
Net Assets
$-2,324,375
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
SC
Principal Officer
CYNTHIA LOUNDS
Phone
8643274549
Tax Period
2024-01-01 to 2024-12-31

PLUSH MEADOW SENIOR HOUSING CORP, founded in 1999, is a small nonprofit in the Human Services sector that reported $309K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $451K exceeded revenue, resulting in a 46% operating deficit.

Mission

TO PROVIDE QUALITY AFFORDABLE HOUSING TO LOW-INCOME ELDERLY RESIDENTS AGES 62 AND OLDER.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $100,592
Program Service Revenue $208,759
Investment Income $17
Other Revenue $0
TOTAL REVENUE $309,368

Expense Breakdown

Grants Paid $0
Salaries & Benefits $108,736
Fundraising Expenses $0
Program Expenses $387,010
Other Expenses $342,464
TOTAL EXPENSES $451,200

Year-over-Year Comparison

2024 2023 Change
Revenue $309,368 $264,757 +0.2%
Expenses $451,200 $411,124 +0.1%
Net Income $-141,832 $-146,367 0.0%
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

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Governance

Voting Members
15
Independent Members
15
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
5
$133,719
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MS KATHY E BELL BOARD MEMBER 1.00
Director
$0 $0 $0
ALEIGHA BUTLER-TATE BOARD MEMBER 1.00
Director
$0 $0 $0
THE HONORABLE JEROME RICE BOARD MEMBER 1.00
Director
$0 $0 $0
REV JAMES LEWIS BOARD CHAIR 1.00
Officer Director
$0 $0 $0
MR BARRY DENDY BOARD VICE CHAIR 1.00
Officer Director
$0 $0 $0
MARION HUNTER BOARD MEMBER 1.00
Director
$0 $0 $0
MR PAUL GILLIAM BOARD MEMBER 1.00
Director
$0 $0 $0
MRS BARBARA THOMPSON BOARD MEMBER 1.00
Director
$0 $0 $0
MR JOE TRACY BOARD MEMBER 1.00
Director
$0 $0 $0
MR JAMES CHEEK BOARD MEMBER 1.00
Director
$0 $0 $0
MRS MICHELLE NELSON TREASURER 1.00
Officer Director
$0 $0 $0
MS KATHY MILLER BOARD SECRETARY 1.00
Officer Director
$0 $0 $0
CEDRIC SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
JANNIE SALLEY BOARD MEMBER 1.00
Director
$0 $0 $0
DR CAROL MCFADDEN BOARD MEMBER 1.00
Director
$0 $0 $0
MRS CYNTHIA LOUNDS EXEC DIRECTOR 1.00
Officer
$0 $5,140 $133,719
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 No data No data No data No data
2024 $309,368 $451,200 $993,041 $-141,832
2023 $264,757 $411,124 $1,120,558 $-146,367
2022 $265,738 $395,549 $1,193,744 $-129,811
2021 $279,210 $329,983 $1,317,625 $-50,773
2020 $271,775 $329,002 $1,358,035 $-57,227
2019 $250,921 $354,946 $1,443,169 $-104,025
2018 $243,099 $334,536 $1,562,423 $-91,437
2017 $236,065 $340,892 $1,651,402 $-104,827
2016 $222,382 $355,189 $1,757,399 $-132,807
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