Charlotte, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Carmel Hills Inc, founded in 1977, is a community nonprofit in the Housing & Shelter sector that reported $3.8M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.
The main objective of Carmel Hills is to maintain and operate a retirement home by carrying out educational, religious, recreational and other programs. Carmel Hills also maintains a health care center and carries on such other work in the overall charitable field of services to the aged as may be appropriate.
The Purpose of this corporation are exclusively charitable and educational in nature within the meaning of section 501(c)(3) of the Internal Revenue Code, including a home for the aged. Carmel Hills...
The Purpose of this corporation are exclusively charitable and educational in nature within the meaning of section 501(c)(3) of the Internal Revenue Code, including a home for the aged. Carmel Hills has been designed to provide comfortable surroundings for a low cost where older people may live in peace and contentment in Christian neighborliness. The mission of Carmel Hills is to provide a retirement community to care for and encourage the Lord's people. We served and provided care for an average of 36 Independent residents and an average of 27 Assisted Living residents during the year. We offer charity care through the Resident Assistance Fund (RAF) where possible.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $3,776,405 | $3,987,744 | -0.1% |
| Expenses | $3,873,172 | $3,718,387 | +0.0% |
| Net Income | $-96,767 | $269,357 | -1.4% |
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 |
|---|---|---|---|---|---|---|
| Gabriel Iorga | Administrator | 50.00 |
Officer
|
$103,098 | $10,976 | $114,074 |
| Sam Vedder | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Steve McDonald | President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Larry Stassel | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Sam Jeanjaquet | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Joe Youannas | Assistant Treas | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Paul Palmer Jr | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Peter Keddis | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Tim Dietz | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Paul Palmer Sr | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Dr Charles Heuss | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Craig Robson | Vice President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Dr Ihab Dorotta | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $3,776,405 | $3,873,172 | $3,649,899 | $-96,767 |
| 2024 | $3,987,744 | $3,718,387 | $3,442,451 | $269,357 |
| 2023 | $3,548,068 | $3,807,877 | $3,319,027 | $-259,809 |
| 2022 | $3,393,673 | $3,432,749 | $3,669,843 | $-39,076 |
| 2021 | $3,120,422 | $3,124,236 | $3,066,855 | $-3,814 |
| 2020 | $3,077,955 | $2,967,564 | $3,587,337 | $110,391 |
| 2019 | $2,808,260 | $2,919,881 | $3,581,489 | $-111,621 |
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