SENIORS RISING HOMES 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

1977

Legal Domicile

Principal Officer

ERIC LUSTER

Phone

6239317002

Tax Period

2022-01-01 to 2022-12-31

SENIORS RISING HOMES INC, founded in 1977, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2022. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $2.0M exceeded revenue, resulting in a 29% operating deficit.

Mission

TO PROVIDE HOUSING FACILITIES AND SERVICES TO ELDERLY AND HANDICAPPED PERSONS

Program Service Accomplishments

Program 1

Expenses: $1,421,484 Revenue: $1,518,058

THIS ORGANIZATION PROVIDED AFFORDABLE HOUSING TO LOW-INCOME ELDERLY RESIDENTS AND INDIVIDUALS WITH DISABILITIES THROUGH THE OPERATION OF A 150-UNIT, HUD SECTION 8 MULTIFAMILY HOUSING COMMUNITY. THE ORGANIZATION SERVED 151 RESIDENTS: 1% UNDER 62; 79% BETWEEN THE AGES OF 62-81; AND 17% BETWEEN AGES 82-93 AND 3% 94 AND OVER. IN 2021 A SERVICE COORDINATOR WAS HIRED PART-TIME TO ASSIST RESIDENTS IN OBTAINING A VARIETY OF SOCIAL SERVICES AND AGENCY EFERRALS. DURING THIS YEAR, THIS COMMUNITY CONTINUED TO BE IMPACTED BY THE COVID-19 PANDEMIC AND HAD LIMITED SOCIAL ACTIVITIES AND COMMUNITY EVENTS. WHILE RESIDENTS DEALT WITH SOCIAL ISOLATION AND QUARANTINE, MANY OF THE SERVICES PROVIDED BY THE SERVICE COORDINATOR FOCUSED ON COVID VACCINE AND TESTING INFO, ADVOCACY, ASSESSMENTS, CASE MANAGEMENT, HOMEMAKER SERVICES, HEALTHCARE SERVICES, LEGAL ASSISTANCE, AND TRANSPORTATION. AS COIVD RESTRICTIONS LIFTED TOWARD THE END OF THE YEAR, RESIDNET ACTIVITIES SUCH AS EXERCISE CLASSES AND BINGO RESUMED.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,517,682

Investment Income $376

Other Revenue $0

TOTAL REVENUE $1,518,058

Expense Breakdown

Grants Paid $0

Salaries & Benefits $739,253

Fundraising Expenses $0

Program Expenses $1,421,484

Other Expenses $1,219,911

TOTAL EXPENSES $1,959,164

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,518,058	$1,257,383	+0.2%
Expenses	$1,959,164	$1,196,106	+0.6%
Net Income	$-441,106	$61,277	-8.2%

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

$158,080

Total Directors

$265,848

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC LUSTER	PRESIDENT/CHAIRPERSON	40.00	Officer Director	$158,080	$0	$158,080
JAKE MEHLBERG	DIRECTOR	2.00	Director	$107,768	$0	$107,768
JOHANNAH URIRI-GLOVER	VICE PRESIDENT/VICE CHAIRPERSON	2.00	Officer Director	$0	$0	$0
STANLEY HENDERSON	SECRETARY	2.00	Officer Director	$0	$0	$0
BARBARA ROBERTS	DIRECTOR	2.00	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
2023	No data	No data	No data	No data
2022	$1,518,058	$1,959,164	$14,532,424	$-441,106
2021	$1,257,383	$1,196,106	$15,200,840	$61,277
2020	$1,235,242	$935,508	$1,191,830	$299,734
2019	$1,248,291	$1,039,661	$910,757	$208,630
2018	$1,263,659	$1,043,396	$930,847	$220,263