LIMESTONE SENIOR 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

1993

Legal Domicile

Principal Officer

BETTY RUTH OLIVER

Phone

2059331020

Tax Period

2024-10-01 to 2025-09-30

LIMESTONE SENIOR HOUSING INC, founded in 1993, is a small nonprofit that reported $483K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

PROVIDE LOW INCOME HOUSING TO ELDERLY & DISABLED

Program Service Accomplishments

Program 1

Expenses: $451,622 Revenue: $241,021

LIMESTONE SENIOR HOUSING, INC. D/B/A BRANCH CREEK APARTMENTS (PROJECT) IS A 55-UNIT APARTMENT COMPLEX FOR THE ELDERLY LOCATED IN ATHENS, ALABAMA. THE PROJECT IS OPERATED UNDER SECTION 202 OF THE...

LIMESTONE SENIOR HOUSING, INC. D/B/A BRANCH CREEK APARTMENTS (PROJECT) IS A 55-UNIT APARTMENT COMPLEX FOR THE ELDERLY LOCATED IN ATHENS, ALABAMA. THE PROJECT IS OPERATED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND REGULATED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE PROJECT IS ALSO SUBJECT TO A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) AGREEMENT WITH HUD, AND A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD. RENT SUBSIDY PAYMENTS ARE SUBJECT TO AVAILABLITY OF SUFFICIENT APPROPRIATIONS, AS DETERMINED BY HUD.

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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 $240,472

Program Service Revenue $237,760

Investment Income $1,076

Other Revenue $3,261

TOTAL REVENUE $482,569

Expense Breakdown

Grants Paid $0

Salaries & Benefits $119,520

Fundraising Expenses $0

Program Expenses $451,622

Other Expenses $391,676

TOTAL EXPENSES $511,196

Year-over-Year Comparison

	2024	2023	Change
Revenue	$482,569	$435,372	+0.1%
Expenses	$511,196	$475,935	+0.1%
Net Income	$-28,627	$-40,563	-0.3%

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
BETTY RUTH OLIVER	CHAIRMAN	2.00	Officer Director	$0	$0	$0
HELEN CARTER	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
DARYL SAMMET	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
DEAN MORGAN	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT MALONE	BOARD MEMBER	2.00	Director	$0	$0	$0
RONNIE MARKS	BOARD MEMBER	2.00	Director	$0	$0	$0
LYNN RAGER	BOARD MEMBER	2.00	Director	$0	$0	$0
AMY GOLDEN	BOARD MEMBER	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	$482,569	$511,196	$851,321	$-28,627
2024	$435,372	$475,935	$854,273	$-40,563
2023	$397,452	$466,561	$894,434	$-69,109
2022	$382,724	$455,061	$958,112	$-72,337
2021	$375,194	$408,825	$1,034,306	$-33,631
2020	$358,862	$404,821	$1,065,580	$-45,959
2019	$313,543	$376,460	$1,118,471	$-62,917
2018	$306,427	$381,652	$1,180,510	$-75,225