Florida Elderly Housing Inc (EIN 581623160) - 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

1985

Legal Domicile

Principal Officer

Gerald E Eickhoff

Phone

6783302000

Tax Period

2024-07-01 to 2025-06-30

Florida Elderly Housing Inc, founded in 1985, is a small nonprofit in the Housing & Shelter sector that reported $614K in total revenue in fiscal year 2024. Net assets of $1.4M represent 27 months of operating reserves.

Mission

To own and operate a rental housing property for low-income elderly persons under section 202 of the National Housing Act.

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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 $0

Program Service Revenue $612,758

Investment Income $45

Other Revenue $1,341

TOTAL REVENUE $614,144

Expense Breakdown

Grants Paid $0

Salaries & Benefits $140,141

Fundraising Expenses $0

Program Expenses $569,549

Other Expenses $526,271

TOTAL EXPENSES $666,412

Year-over-Year Comparison

	2024	2023	Change
Revenue	$614,144	$584,979	+0.0%
Expenses	$666,412	$663,088	+0.0%
Net Income	$-52,268	$-78,109	-0.3%

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

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
Gerald Eickhoff	President	1.00	Officer Director	$0	$0	$0
Joseph F Glenn till Oct 2024	Vice President	1.00	Officer Director	$0	$0	$0
Earleen S Abernathy from Oct 2024	Vice President/Asst Secretary	1.00	Officer Director	$0	$0	$0
Elizabeth C Glenn	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Larry Gay Reagan	Director	1.00	Director	$0	$0	$0
Kim Delacey	Director	1.00	Director	$0	$0	$0
Robert L Reinhart	Director	1.00	Director	$0	$0	$0
Barry Bumm	Director	1.00	Director	$0	$0	$0
Rebecca Bumm	Director	1.00	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	$614,144	$666,412	$1,526,218	$-52,268
2024	No data	No data	No data	No data
2023	$584,416	$596,520	$1,601,588	$-12,104
2022	$578,792	$570,891	$1,601,207	$7,901
2021	$578,414	$592,830	$1,597,787	$-14,416
2020	$523,837	$531,088	$1,612,186	$-7,251
2019	$511,598	$523,609	$1,615,143	$-12,011

Florida Elderly Housing Inc