SAFE HOUSING AND ECONOMIC DEVELOPMENT INC (EIN 810583436) - 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

1997

Legal Domicile

Principal Officer

Kathy Gentry

Phone

3044366367

Tax Period

2023-07-01 to 2024-06-30

SAFE HOUSING AND ECONOMIC DEVELOPMENT INC, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $588K in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $744K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO PROVIDE HOUSING TO THOSE WHO CANNOT AFFORD IT OTHERWISE AND TO ASSIST WITH ECONOMIC DEVELOPMENT OF RURAL AREAS OF SOUTHERN WEST VIRGINIA

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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 $46,116

Program Service Revenue $416,119

Investment Income $9,102

Other Revenue $116,925

TOTAL REVENUE $588,262

Expense Breakdown

Grants Paid $0

Salaries & Benefits $226,501

Fundraising Expenses $0

Program Expenses $611,695

Other Expenses $517,125

TOTAL EXPENSES $743,626

Year-over-Year Comparison

	2023	2022	Change
Revenue	$588,262	$476,733	+0.2%
Expenses	$743,626	$663,140	+0.1%
Net Income	$-155,364	$-186,407	-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

$39,104

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY GENTRY	EXECUTIVE DIRECTOR	40	Officer	$39,104	$0	$39,104
KATHY STRONG	BOARD MEMBER	0	Director	$0	$0	$0
GARNET EDWARDS JR	BOARD MEMBER	0	Director	$0	$0	$0
DARLENE DAVIS	BOARD MEMBER	0	Director	$0	$0	$0
GINGER DAY	PRESIDENT	0	Officer	$0	$0	$0
LYNN PRUITT	SECRETARY	0	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
2025	No data	No data	No data	No data
2024	$588,262	$743,626	$2,295,546	$-155,364
2023	$476,733	$663,140	$2,456,597	$-186,407
2022	$524,018	$631,948	$2,331,701	$-107,930
2021	$311,057	$487,501	$2,376,321	$-176,444
2020	$629,639	$592,131	$2,638,965	$37,508
2019	$473,373	$597,982	$2,688,193	$-124,609
2018	$473,325	$571,619	$2,614,431	$-98,294

SAFE HOUSING AND ECONOMIC DEVELOPMENT INC