TROY, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WESLEYAN HOMES OF TROY INC, founded in 1983, is a small nonprofit in the Human Services sector that reported $389K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $68K, a strong 18% operating margin.
TO PROVIDE LOW-INCOME HOUSING FOR THE ELDERLY.
THE ORGANIZATION OPERATES A 40-UNIT APARTMENT COMPLEX FOR THE ELDERLY IN TROY, NC, UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE PROJECT IS REGULATED BY THE UNITED STATES DEPARTMENT OF HOUSING...
THE ORGANIZATION OPERATES A 40-UNIT APARTMENT COMPLEX FOR THE ELDERLY IN TROY, NC, UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE PROJECT IS REGULATED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") AS TO RENTAL RATES AND OPERATING METHODS. ADDITIONALLY, UNITS IN THE PROJECT ARE COVERED UNDER A HOUSING ASSISTANCE PAYMENTS CONTRACT WITH HUD AND A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD.
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 | $388,844 | $344,618 | +0.1% |
| Expenses | $320,425 | $258,024 | +0.2% |
| Net Income | $68,419 | $86,594 | -0.2% |
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 |
|---|---|---|---|---|---|---|
| RICHARD HINSON | BOARD CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| AMY VUNCANNON | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ERIC M ALLEN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK HARRIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BRADLEY HAYNES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| EDWARD LINDSEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SHARON PIGFORD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $388,844 | $320,425 | $2,296,746 | $68,419 |
| 2022 | $344,618 | $258,024 | $361,032 | $86,594 |
| 2021 | $343,102 | $252,250 | $306,819 | $90,852 |
| 2020 | $335,718 | $254,541 | $291,510 | $81,177 |
| 2019 | $328,516 | $240,160 | $285,290 | $88,356 |
| 2018 | $325,488 | $264,800 | $268,563 | $60,688 |
Compare WESLEYAN HOMES OF TROY INC with other nonprofits in North Carolina and across the country.