BURNET SENIOR HOUSING OPPORTUNITIE… - Form 990 Financial Data

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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

1982

Legal Domicile

Principal Officer

FRANK REILLY

Phone

5127631400

Tax Period

2022-01-01 to 2022-10-24

BURNET SENIOR HOUSING OPPORTUNITIES INC, founded in 1982, is a micro nonprofit that reported $12K in total revenue in fiscal year 2022. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $18K exceeded revenue, resulting in a 43% operating deficit.

Mission

AFFORDABLE HOUSING FOR THE ELDERLY AND FOR THE DISABLED THROUGH THE HUD SECTION 8 HOUSING ASSISTANCE PROGRAM.

Program Service Accomplishments

Program 1

THE ORGANIZATION CEASED PROGRAM OPERATIONS. THE BUILDING IN WHICH HOUSING SERVICES WAS PROVIDED HAS SOLD, SO PROGRAM SERVICES WERE NOT CONDUCTED BY THE ORGANIZATION IN 2022.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $12,246

Investment Income $10

Other Revenue $0

TOTAL REVENUE $12,256

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $17,506

TOTAL EXPENSES $17,506

Year-over-Year Comparison

	2022	2021	Change
Revenue	$12,256	$1,835,176	-1.0%
Expenses	$17,506	$450,200	-1.0%
Net Income	$-5,250	$1,384,976	-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

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
KAREN WALLACE	CHIEF FINANCIAL OFFICER	000.50	Highest	$0	$0	$107,129
MARCO CRUZ	EXECUTIVE DIRECTOR	000.50	Highest	$0	$0	$106,303
FRANK REILLY	CHAIR	000.50	Director	$0	$0	$0
KELLY DIX	SECRETARY	000.50	Director	$0	$0	$0
DONNA SHAW	BOARD MEMBER	000.50	Director	$0	$0	$0
FERNANDO ALBORNOZ	BOARD MEMBER	000.50	Director	$0	$0	$0
LONDA CHANDLER	BOARD MEMBER	000.50	Director	$0	$0	$0
SUSAN DOYLE	BOARD MEMBER	000.50	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	$12,256	$17,506	No data	$-5,250
2021	$1,835,176	$450,200	$539,778	$1,384,976
2020	$416,486	$372,733	$625,479	$43,753
2019	$410,748	$391,987	$645,419	$18,761
2018	$409,969	$385,795	$625,755	$24,174

BURNET SENIOR HOUSING OPPORTUNITIES INC