CULLMAN SENIOR HOUSING INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

TAYANA MILLWOOD

Phone

2057155197

Tax Period

2024-10-01 to 2025-09-30

CULLMAN SENIOR HOUSING INC, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $545K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

PROVIDE LOW INCOME HOUSING TO ELDERLY & DISABLED

Program Service Accomplishments

Program 1

Expenses: $538,674 Revenue: $182,614

CULLMAN SENIOR HOUSING, INC. D/B/A NESMITH PARK APARTMENTS (PROJECT) IS A 53-UNIT APARTMENT COMPLEX FOR THE ELDERLY LOCATED IN CULLMAN, ALABAMA. THE PROJECT WAS ORIGINALLY FINANCED AND CONSTRUCTED...

CULLMAN SENIOR HOUSING, INC. D/B/A NESMITH PARK APARTMENTS (PROJECT) IS A 53-UNIT APARTMENT COMPLEX FOR THE ELDERLY LOCATED IN CULLMAN, ALABAMA. THE PROJECT WAS ORIGINALLY FINANCED AND CONSTRUCTED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND WAS RESTRUCTURED UNDER THE 223(F) PROGRAM. THE PROJECT IS REGULATED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE PROJECT IS ALSO SUBJECT TO SECTION 8 HOUSING ASSISTANCE PROGRAM (HAP) AGREEMENT WITH HUD, AND A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD. RENT SUBSIDY PAYMENTS ARE SUBJECT TO AVAILABLITY OF SUFFICIENT APPROPRIATIONS, AS DETERMINED BY HUD.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $360,853

Program Service Revenue $179,396

Investment Income $1,609

Other Revenue $3,218

TOTAL REVENUE $545,076

Expense Breakdown

Grants Paid $0

Salaries & Benefits $123,623

Fundraising Expenses $0

Program Expenses $538,674

Other Expenses $461,482

TOTAL EXPENSES $585,105

Year-over-Year Comparison

	2024	2023	Change
Revenue	$545,076	$503,839	+0.1%
Expenses	$585,105	$564,139	+0.0%
Net Income	$-40,029	$-60,300	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
TAYANA MILLWOOD	PRESIDENT	2.00	Officer Director	$0	$0	$0
SHELIA GENTRY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
AMANDA DEFOE	SECTETARY/TREASURER	2.00	Officer Director	$0	$0	$0
OLEN DAN STEVENS	BOARD MEMBER	2.00	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	$545,076	$585,105	$1,117,076	$-40,029
2024	$503,839	$564,139	$1,200,431	$-60,300
2023	$509,224	$531,674	$1,306,742	$-22,450
2022	$495,459	$526,325	$1,344,439	$-30,866
2021	$507,384	$520,575	$1,448,371	$-13,191
2020	$492,564	$499,509	$1,465,500	$-6,945
2019	$475,143	$532,095	$1,507,241	$-56,952
2018	$462,281	$498,865	$1,597,290	$-36,584