NEELYS CREEK RETIREMENT HOMES INC

EIN: 592737691 501(c)(3) Housing & Shelter

ROCK HILL, SC

Total Revenue
$34,590
Total Expenses
$49,699
Total Assets
$192,864
Net Assets
$-232,886
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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
1986
Legal Domicile
SC
Principal Officer
JOHN BOYD
Tax Period
2023-01-01 to 2023-12-31

NEELYS CREEK RETIREMENT HOMES INC, founded in 1986, is a micro nonprofit in the Housing & Shelter sector that reported $35K in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $50K exceeded revenue, resulting in a 44% operating deficit.

Mission

PROVIDE SAFE HOUSING FOR OLDER ADULTS

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $33,900
Investment Income $690
Other Revenue $0
TOTAL REVENUE $34,590

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $47,523
Other Expenses $49,699
TOTAL EXPENSES $49,699

Year-over-Year Comparison

2023 2022 Change
Revenue $34,590 $64,390 -0.5%
Expenses $49,699 $94,892 -0.5%
Net Income $-15,109 $-30,502 -0.5%
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
5
Independent Members
5
Employees
N/A
Volunteers
7

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICK CARRUTH TREASURER 3.00
Officer
$0 $0 $0
JOHN BOYD PRESIDENT 1.00
Officer
$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
2023 $34,590 $49,699 $192,864 $-15,109
2022 $64,390 $94,892 $208,102 $-30,502
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