NEARY LAGOON SENIOR HOUSING INC (EIN 770150652) - 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

1987

Legal Domicile

Principal Officer

CYNTHIA ALVAREZ

Phone

5107464100

Tax Period

2023-07-01 to 2024-06-30

NEARY LAGOON SENIOR HOUSING INC, founded in 1987, is a small nonprofit in the Housing & Shelter sector that reported $976K in total revenue in fiscal year 2023.

Mission

TO PROVIDE SENIOR HOUSING FOR LOW-INCOME SENIORS AND HANDICAPPED PERSONS IN THE AREA OF SANTA CRUZ, CALIFORNIA

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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 $972,213

Investment Income $4,064

Other Revenue $0

TOTAL REVENUE $976,277

Expense Breakdown

Grants Paid $0

Salaries & Benefits $104,701

Fundraising Expenses $0

Program Expenses $955,586

Other Expenses $924,280

TOTAL EXPENSES $1,028,981

Year-over-Year Comparison

	2023	2022	Change
Revenue	$976,277	$932,418	+0.0%
Expenses	$1,028,981	$635,388	+0.6%
Net Income	$-52,704	$297,030	-1.2%

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

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
LESLIE TAYLOR	PRESIDENT	1.00	Officer Director	$0	$0	$0
DARRYL SEARUGGS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CHARLES BUCK	SECRETARY	1.00	Officer Director	$0	$0	$0
CONNIE INGLISH	TREASURER	1.00	Officer Director	$0	$0	$0
CATHY PERRING	DIRECTOR	1.00	Director	$0	$0	$0
JOHN JINSEOK CHEON	DIRECTOR	1.00	Officer Director	$0	$0	$0
JAYNA POWELL	DIRECTOR	1.00	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	No data	No data	No data	No data
2024	$976,277	$1,028,981	$2,743,091	$-52,704
2023	$932,418	$635,388	$2,381,143	$297,030
2022	$887,690	$551,548	$2,980,569	$336,142
2021	$817,088	$485,433	$2,581,171	$331,655
2020	$773,110	$563,559	$2,052,143	$209,551
2019	$756,936	$517,768	$1,893,443	$239,168
2018	$684,403	$503,685	$1,824,997	$180,718

NEARY LAGOON SENIOR HOUSING INC