ALDERSGATE PROPERTIES INC (EIN 611249570) - Form 990 Financial Analysis & Trantor Score

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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

1993

Legal Domicile

Principal Officer

KAREN HARGETT

Phone

5132411911

Tax Period

2024-07-01 to 2025-06-30

ALDERSGATE PROPERTIES INC, founded in 1993, is a small nonprofit that reported $438K in total revenue in fiscal year 2024. Expenses of $388K left a modest 11% surplus.

Mission

TO PROVIDE HOUSING FOR THE ELDERLY AND/OR HANDICAPPED.

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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 $240,763

Program Service Revenue $194,604

Investment Income $2,906

Other Revenue $0

TOTAL REVENUE $438,273

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $363,106

Other Expenses $388,261

TOTAL EXPENSES $388,261

Year-over-Year Comparison

	2024	2023	Change
Revenue	$438,273	$406,063	+0.1%
Expenses	$388,261	$381,125	+0.0%
Net Income	$50,012	$24,938	+1.0%

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

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
MICHAEL ALBRECHT	PRESIDENT	2.00	Officer Director	$0	$0	$0
J CARLYLE ACKLEY	TREASURER	2.00	Officer Director	$0	$0	$0
DIANNE COLEMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
JANET BOWLING	DIRECTOR	2.00	Director	$0	$0	$0
GARY WINN	DIRECTOR	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	$438,273	$388,261	$275,901	$50,012
2024	$406,063	$381,125	$261,241	$24,938
2023	$305,991	$337,609	$230,971	$-31,618
2022	$225,269	$346,027	$261,192	$-120,758
2021	$195,685	$298,124	$308,450	$-102,439
2020	$198,346	$298,234	$382,899	$-99,888
2019	$195,507	$263,309	$459,440	$-67,802

ALDERSGATE PROPERTIES INC