CLEVELAND COUNTY SENIOR CITIZENS HOUSING

EIN: 581563582 501(c)(3)

SHELBY, NC

Total Revenue
$487,778
Total Expenses
$446,670
Total Assets
$802,863
Net Assets
$-312,797
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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
1984
Legal Domicile
NC
Principal Officer
KATHY GRIGG
Phone
3367241000
Tax Period
2024-01-01 to 2024-12-31

CLEVELAND COUNTY SENIOR CITIZENS HOUSING, founded in 1984, is a small nonprofit that reported $488K in total revenue in fiscal year 2024. Expenses of $447K left a modest 8% surplus.

Mission

PROVIDE HOUSING TO LOW-INCOME AND ELDERLY INDIVIDUALS SUBJECT TO HUD REGULATIONS GOVERNING RENTAL CHARGES AND OPERATING METHODS.

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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 $330,706
Program Service Revenue $156,837
Investment Income $235
Other Revenue $0
TOTAL REVENUE $487,778

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $434,026
Other Expenses $446,670
TOTAL EXPENSES $446,670

Year-over-Year Comparison

2024 2023 Change
Revenue $487,778 $457,033 +0.1%
Expenses $446,670 $412,339 +0.1%
Net Income $41,108 $44,694 -0.1%
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
9
Independent Members
9
Employees
N/A
Volunteers
9

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
2
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHY GRIGG CHAIRMAN 0.00
Officer Director
$0 $0 $0
WILLIE MCINTOSH BOARD MEMBER 0.00
Director
$0 $0 $0
LYNN POWELL BOARD MEMBER 0.00
Director
$0 $0 $0
DAVID VAUGHN BOARD MEMBER 0.00
Director
$0 $0 $0
BRYAN T HOWELL BOARD MEMBER 0.00
Director
$0 $0 $0
VIOLET ARTH BOARD MEMBER 0.00
Director
$0 $0 $0
MIKE STAIR SECRETARY 0.00
Officer Director
$0 $0 $0
MICHELLE HOYLE BOARD MEMBER 0.00
Director
$0 $0 $0
DANIEL BERNAT BOARD MEMBER 0.00
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
2025 No data No data No data No data
2024 $487,778 $446,670 $802,863 $41,108
2023 $457,033 $412,339 $787,873 $44,694
2022 $431,902 $414,870 $792,171 $17,032
2021 $424,872 $417,414 $810,811 $7,458
2020 $426,710 $418,219 $840,336 $8,491
2019 $419,706 $414,163 $866,850 $5,543
2018 $415,433 $383,796 $908,555 $31,637
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