CONTINENTAL GARDENS HOUSING CORPORATION (EIN 810505222) - 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

1995

Legal Domicile

Principal Officer

MARGIE SECCOMB

Phone

4065330705

Tax Period

2024-10-01 to 2025-09-30

CONTINENTAL GARDENS HOUSING CORPORATION, founded in 1995, is a small nonprofit in the Housing & Shelter sector that reported $563K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $621K exceeded revenue, resulting in a 10% operating deficit.

Mission

THE ORGANIZATION'S PURPOSE IS TO DEVELOP AND OPERATE A 60 UNIT MULTI-FAMILY HOUSING COMPLEX FUNDED WITH HUD SECTION 202 FUNDS FOR VERY LOW-INCOME PEOPLE AGED 62 AND OLDER.

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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 $307,074

Program Service Revenue $255,683

Investment Income $402

Other Revenue $0

TOTAL REVENUE $563,159

Expense Breakdown

Grants Paid $0

Salaries & Benefits $212,139

Fundraising Expenses $0

Program Expenses $457,862

Other Expenses $409,050

TOTAL EXPENSES $621,189

Year-over-Year Comparison

	2024	2023	Change
Revenue	$563,159	$493,615	+0.1%
Expenses	$621,189	$640,459	0.0%
Net Income	$-58,030	$-146,844	-0.6%

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

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

$221,824

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHIE KING	PRESIDENT	0.30	Officer Director	$0	$0	$0
IVY FREDRICKSON	VICE PRESIDENT	0.30	Officer Director	$0	$0	$0
SANDI SECCOMB	SECRETARY	0.30	Officer Director	$0	$0	$0
TARA CALLAGHAN	MEMBER	0.30	Director	$0	$0	$0
ANN UELAND	MEMBER	0.30	Director	$0	$0	$0
DON FOLEY	CFO	4.00	Officer	$0	$9,524	$105,473
MARGIE SECCOMB	EXECUTIVE DIRECTOR	4.00	Officer	$0	$20,428	$116,351

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	$563,159	$621,189	$1,724,188	$-58,030
2024	$493,615	$640,459	$1,814,318	$-146,844
2023	$478,958	$604,742	$1,907,132	$-125,784
2022	$483,943	$585,265	$2,014,643	$-101,322
2021	$457,062	$535,011	$2,119,011	$-77,949
2020	$479,601	$571,019	$2,215,387	$-91,418
2019	$463,791	$527,489	$2,290,048	$-63,698
2018	$455,733	$489,459	$2,401,377	$-33,726

CONTINENTAL GARDENS HOUSING CORPORATION