ASCENSION HOUSING INC

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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

1992

Legal Domicile

Principal Officer

GARY TESTER

Phone

7275781174

Tax Period

2024-04-01 to 2025-03-31

ASCENSION HOUSING INC, founded in 1992, is a small nonprofit that reported $752K in total revenue in fiscal year 2024. Expenses of $830K exceeded revenue, resulting in a 10% operating deficit.

Mission

ASCENSION HOUSING, INC. IS THE OWNER OF A HUD SUBSIZED APARTMENT COMPLEX WHOSE MISSION IS TO PROVIDE AFFORDABLE HOUSING AND RELATED SERVICES TO VERY LOW INCOME ELDERLY.

Program Service Accomplishments

Program 1

Expenses: $754,608 Revenue: $284,408

76 UNIT APARTMENT COMPLEX UNDER SECTION 202 OF THE NATIONAL HOUSING ACT, FOR LOW-INCOME ELDERLY PERSONS.

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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 $457,275

Program Service Revenue $284,408

Investment Income $3,623

Other Revenue $6,282

TOTAL REVENUE $751,588

Expense Breakdown

Grants Paid $0

Salaries & Benefits $231,880

Fundraising Expenses $0

Program Expenses $754,608

Other Expenses $598,375

TOTAL EXPENSES $830,255

Year-over-Year Comparison

	2024	2023	Change
Revenue	$751,588	$698,761	+0.1%
Expenses	$830,255	$889,881	-0.1%
Net Income	$-78,667	$-191,120	-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

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

Volunteers

N/A

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
RICK ASTA	CHAIR	1.00	Officer Director	$0	$0	$0
PEDRO LEON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JEFF HARTNETT	SECRETARY	1.00	Officer Director	$0	$0	$0
KIMBERLEE RILEY	TREASURER	1.00	Officer Director	$0	$0	$0
KRISTOPHER CRUZADA	DIRECTOR	1.00	Director	$0	$0	$0
FR JOHN BOSCO MAISON	DIRECTOR	1.00	Director	$0	$0	$0
DEACON JOSEPH BELLISSIMO	DIRECTOR	1.00	Director	$0	$0	$0
DEACON RICHARD D FERRIS	DIRECTOR	1.00	Director	$0	$0	$0
ARLENE MCNAMEE	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT MOSCRIP	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA REDDOUT	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT FERGERSON	EX OFFICIO	1.00	Director	$0	$0	$0
GARY TESTER	EX OFFICIO	1.00	Director	$0	$0	$0
KEVIN CASEY	EX OFFICIO	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	$751,588	$830,255	$1,756,593	$-78,667
2024	$698,761	$889,881	$1,924,135	$-191,120
2023	$605,756	$694,518	$2,001,210	$-88,762
2022	$607,265	$639,222	$2,056,075	$-31,957
2021	$606,290	$631,607	$2,085,060	$-25,317
2020	$596,796	$614,990	$2,117,988	$-18,194
2019	$581,355	$590,187	$2,144,591	$-8,832