SR 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

1986

Legal Domicile

Principal Officer

MATTHEW O FRANKLIN

Phone

6503562900

Tax Period

2023-01-01 to 2023-12-31

SR SENIOR HOUSING INC, founded in 1986, is a small nonprofit that reported $431K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $174K, a strong 40% operating margin.

Mission

TO PROVIDE SAFE, AFFORDABLE HOUSING OF HIGH QUALITY TO THOSE IN NEED OF IT; TO ESTABLISH STABILITY AND OPPORTUNITY IN THE LIVES OF ITS RESIDENTS; AND TO FOSTER COMMUNITIES THAT ALLOW PEOPLE FROM ALL ETHIC, SOCIAL AND ECONOMIC BACKGROUNDS TO LIVE IN DIGNITY, HARMONY, AND MUTUAL RESPECT.

Program Service Accomplishments

Program 1

Expenses: $255,696 Revenue: $428,449

THE ENTITY SERVES AS GENERAL PARTNER IN SR FOUNTAINS LIMITED PARTNERSHIP, WHICH OWNS AND OPERATES AFFORDABLE HOUSING FOR THE BENEFIT OF LOW INCOME FAMILIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $428,449

Investment Income $2,521

Other Revenue $0

TOTAL REVENUE $430,970

Expense Breakdown

Grants Paid $221,978

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $255,696

Other Expenses $35,468

TOTAL EXPENSES $257,446

Year-over-Year Comparison

	2023	2022	Change
Revenue	$430,970	$322,307	+0.3%
Expenses	$257,446	$409,622	-0.4%
Net Income	$173,524	$-87,315	-3.0%

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
ERIN WELCH	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
KATHERINE FLEMING	CFO AND TREASURER	0.10	Officer Director	$0	$0	$0
MICHAEL J VERGURA	PRESIDENT	0.10	Officer Director	$0	$0	$0
JANINE LIND	SECRETARY	0.10	Officer	$0	$0	$0
MATTHEW O FRANKLIN	SECRETARY	0.10	Officer	$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	No data	No data	No data	No data
2023	$430,970	$257,446	$5,991,769	$173,524
2022	$322,307	$409,622	$5,861,140	$-87,315
2021	$431,117	$101,862	$5,876,792	$329,255
2020	$312,880	$573,582	$5,685,536	$-260,702
2019	$306,495	$673,846	$6,009,321	$-367,351
2018	$416,229	$143,413	$6,060,547	$272,816