SWOPE RIDGE GARDENS HOUSING CORPORATION INC (EIN 752977652) - 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

2002

Legal Domicile

Principal Officer

LARNELL SMITH

Phone

8165614240

Tax Period

2024-01-01 to 2024-12-31

SWOPE RIDGE GARDENS HOUSING CORPORATION INC, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $521K in total revenue in fiscal year 2024. Expenses of $616K exceeded revenue, resulting in a 18% operating deficit.

Mission

AFFORDABLE SENIOR HOUSING

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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 $274,276

Program Service Revenue $243,195

Investment Income $538

Other Revenue $3,054

TOTAL REVENUE $521,063

Expense Breakdown

Grants Paid $0

Salaries & Benefits $118,094

Fundraising Expenses $0

Program Expenses $516,644

Other Expenses $497,877

TOTAL EXPENSES $615,971

Year-over-Year Comparison

	2024	2023	Change
Revenue	$521,063	$543,845	0.0%
Expenses	$615,971	$673,910	-0.1%
Net Income	$-94,908	$-130,065	-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

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
LARNELL SMITH	PRESIDENT	1.00	Officer Director	$0	$0	$0
SIDNEY SMITH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TAYLOR MAXWELL-THOMAS	SECRETARY	1.00	Officer Director	$0	$0	$0
JACK CHANDLER	DIRECTOR	1.00	Director	$0	$0	$0
BOB HAMBRECHT	DIRECTOR	1.00	Director	$0	$0	$0
MAX KANIGER	DIRECTOR	1.00	Director	$0	$0	$0
EVELYN MADDOX	DIRECTOR	1.00	Director	$0	$0	$0
GAYL REINSCH	DIRECTOR	1.00	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
2024	$521,063	$615,971	$2,471,536	$-94,908
2023	$543,845	$673,910	$2,625,551	$-130,065
2022	$387,176	$511,832	$2,709,260	$-124,656
2021	$365,955	$510,271	$2,835,160	$-144,316
2020	$372,605	$436,114	$2,953,683	$-63,509
2019	$370,450	$457,790	$3,007,160	$-87,340
2018	$361,544	$468,445	$3,106,881	$-106,901

SWOPE RIDGE GARDENS HOUSING CORPORATION INC