SENIOR HOUSING ALTERNATIVES INC

EIN: 593763503 501(c)(3) Human Services

CHATTANOOGA, TN

Total Revenue
$3,394,698
Total Expenses
$3,347,062
Total Assets
$986,575
Net Assets
$762,731
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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
2003
Legal Domicile
TN
Principal Officer
MELANIE ADAIR
Tax Period
2022-01-01 to 2022-12-31

SENIOR HOUSING ALTERNATIVES INC, founded in 2003, is a community nonprofit in the Human Services sector that reported $3.4M in total revenue in fiscal year 2022.

Mission

OPERATES SENIOR LIVING CENTER

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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 (2022)

Revenue Breakdown

Contributions & Grants $15,236
Program Service Revenue $3,350,740
Investment Income $0
Other Revenue $28,722
TOTAL REVENUE $3,394,698

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,728,252
Fundraising Expenses $0
Program Expenses $3,347,062
Other Expenses $1,293,216
TOTAL EXPENSES $3,347,062

Year-over-Year Comparison

2022 2021 Change
Revenue $3,394,698 $3,406,155 0.0%
Expenses $3,347,062 $3,304,577 +0.0%
Net Income $47,636 $101,578 -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
3
Independent Members
3
Employees
86
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERRY WILLIAMS SECRETARYTREASURER 0.00
Officer Director
$0 $0 $0
JOE ADAIR VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
MELANIE ADAIR PRESIDENT 0.00
Officer 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
2022 $3,394,698 $3,347,062 $986,575 $47,636
2021 $3,406,155 $3,304,577 $926,416 $101,578
2020 $3,112,075 $3,280,334 $786,974 $-168,259
2019 $3,287,792 $3,234,885 $737,522 $52,907
2018 $3,224,181 $3,130,494 $624,775 $93,687
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