Welch, WV
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
TO PROVIDE HOUSING TO THOSE WHO CANNOT OTHERWISE AFFORD IT AND TO ASSIST WITH ECONOMIC DEVELOPMENT OF RURAL AREAS OF SOUTHERN WEST VIRGINIA
PROVIDE AFFORDABLE HOUSING TO LOW TO MODERATE INCOME INDIVIDUALS AND THEIR FAMILIES THROUGH THE DEVELOPMENT, FINANCING, AND MANAGEMENT OF RENTAL PROPERTIES, AND THROUGH THE DEVELOPMENT, FINANCING AND...
PROVIDE AFFORDABLE HOUSING TO LOW TO MODERATE INCOME INDIVIDUALS AND THEIR FAMILIES THROUGH THE DEVELOPMENT, FINANCING, AND MANAGEMENT OF RENTAL PROPERTIES, AND THROUGH THE DEVELOPMENT, FINANCING AND SALE OF RESIDENTIAL PROPERTIES IN MCDOWELL AND OTHER SOUTHERN WEST VIRGINIA COUNTIES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare SAFE HOUSING AND ECONOMIC DEVELOPMENT INC with other nonprofits in West Virginia and across the country.