BRADLEY HOMES FOR THE ELDERLY 3INC

EIN: 630951984 501(c)(3) Housing & Shelter

MONTGOMERY, AL

Total Revenue
$271,958
Total Expenses
$234,932
Total Assets
$78,667
Net Assets
$-252,031
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
AL
Principal Officer
LEON BRADLEY
Phone
3342798646
Tax Period
2024-01-01 to 2024-12-31

BRADLEY HOMES FOR THE ELDERLY 3INC, founded in 1987, is a small nonprofit in the Housing & Shelter sector that reported $244K in total revenue in fiscal year 2020.

Mission

THE COMPANY WAS FORMED TO PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $271,958
Investment Income $0
Other Revenue $0
TOTAL REVENUE $271,958

Expense Breakdown

Grants Paid $0
Salaries & Benefits $18,024
Fundraising Expenses $0
Program Expenses $217,636
Other Expenses $216,908
TOTAL EXPENSES $234,932

Year-over-Year Comparison

2024 2023 Change
Revenue $271,958 $255,253 +0.1%
Expenses $234,932 $213,697 +0.1%
Net Income $37,026 $41,556 -0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
2
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
LEON BRADLEY CHAIRMAN SEC N/A
Officer Director
$0 $0 $0
EYRE COOK VICE CHARIMA N/A
Officer Director
$0 $0 $0
JEROME BRADLEY TREASURER N/A
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
2024 $271,958 $234,932 $78,667 $37,026
2023 $255,253 $213,697 $80,999 $41,556
2022 $255,119 $211,071 $81,751 $44,048
2021 $250,706 $209,619 $86,378 $41,087
2020 $243,947 $240,293 $80,267 $3,654
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