Palm Coast Elderly Housing

EIN: 581623161 501(c)(3)

Duluth, GA

Total Revenue
$144,445
Total Expenses
$378
Total Assets
$2,557,377
Net Assets
$2,540,722
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
FL
Principal Officer
Gerald Eickhoff
Phone
6783302000
Tax Period
2024-01-01 to 2024-12-31

Palm Coast Elderly Housing, founded in 1985, is a small nonprofit that reported $144K in total revenue in fiscal year 2024. The organization ran a surplus of $144K, a strong 100% operating margin.

Mission

The corporation was organized and operates exclusively for charitable not-for-profit purposed including to provide for elderly and handicapped persons on a non-profit basis rental housing ad related facilities and services specifically designed to meet the physical, social and psychological needs and to contribute their health, security, and happiness, and other charitable, educational, religious, or scientific purposes allowed under section 501(c)(3) of the internal revenue code of 1986, as amended.

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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 $0
Program Service Revenue $0
Investment Income $144,445
Other Revenue $0
TOTAL REVENUE $144,445

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $378
TOTAL EXPENSES $378

Year-over-Year Comparison

2024 2023 Change
Revenue $144,445 $144,452 0.0%
Expenses $378 $52,303 -1.0%
Net Income $144,067 $92,149 +0.6%
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

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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
8
Independent Members
8
Employees
N/A
Volunteers
8

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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
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
2024 $144,445 $378 $2,557,377 $144,067
2023 $144,452 $52,303 $2,412,945 $92,149
2022 $144,445 $1,430,930 $2,320,126 $-1,286,485
2021 $5,077,391 $408,612 $3,618,048 $4,668,779
2020 $909,650 $869,899 $1,065,587 $39,751
2019 $894,374 $852,218 $1,179,381 $42,156
2018 $882,084 $872,289 $1,197,921 $9,795
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