SILVER LAKE 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

1985

Legal Domicile

Principal Officer

LINDA HOLDER

Phone

7135269470

Tax Period

2025-01-01 to 2025-12-31

SILVER LAKE HOUSING INC, founded in 1985, is a small nonprofit in the Housing & Shelter sector that reported $833K in total revenue in fiscal year 2025.

Mission

SILVER LAKE HOUSING CORPORATION PROVIDES 91 UNITS FOR THE ELDERLY THROUGH HUD'S RENTAL ASSISTANCE AND LOAN INSURED PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $744,590 Revenue: $832,293

SILVER LAKE HOUSING, INC. PROVIDES 91 UNITS FOR THE ELDERLY THROUGH A HUD SECTION 202 ELDERLY HOUSING PROGRAM. ALL PROGRAM SERVICES ARE RELATED TO THIS ACTIVITY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $832,293

Investment Income $288

Other Revenue $0

TOTAL REVENUE $832,581

Expense Breakdown

Grants Paid $0

Salaries & Benefits $213,036

Fundraising Expenses $0

Program Expenses $744,590

Other Expenses $601,913

TOTAL EXPENSES $814,949

Year-over-Year Comparison

	2025	2024	Change
Revenue	$832,581	$801,786	+0.0%
Expenses	$814,949	$779,833	+0.0%
Net Income	$17,632	$21,953	-0.2%

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

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
WENDELL PHILLIPS III	CHAIR OF THE BOARD	0.50	Officer Director	$0	$0	$0
GEORGE C GREANIAS	PRESIDENT	0.50	Officer Director	$0	$0	$0
LISA C NETTEY	SECRETARY/TREASURER	0.50	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
2025	$832,581	$814,949	$1,582,999	$17,632
2024	$801,786	$779,833	$1,589,188	$21,953
2023	$759,492	$764,639	$1,620,306	$-5,147
2022	$778,990	$780,843	$1,675,427	$-1,853
2021	$721,336	$790,627	$1,733,119	$-69,291
2020	$703,416	$753,486	$1,865,085	$-50,070
2019	$706,322	$700,625	$1,891,002	$5,697
2018	$679,478	$659,543	$1,924,424	$19,935