SILVER SAGE MANOR INC

EIN: 880266437 501(c)(3) Unknown

RENO, NV

Total Revenue
$524,520
Total Expenses
$408,794
Total Assets
$5,598,925
Net Assets
$5,508,261
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
NV
Principal Officer
KENNETH W NARDUCY
Phone
7753291155
Tax Period
2023-01-01 to 2023-12-31

SILVER SAGE MANOR INC, founded in 1991, is a small nonprofit in the Unknown sector that reported $525K in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $116K, a strong 22% operating margin.

Mission

SERVING THE NEEDS OF SENIORS BY DEVELOPING HIGH-QUALITY AFFORDABLE HOUSING

Program Service Accomplishments

Program 1
Expenses: $205,523 Revenue: $336,291

SILVER SAGE MANOR, INC. PROVIDES HIGH QUALITY AFFORDABLE HOUSING FOR SENIORS AT OR BELOW 50% OF AREA MEDIAN INCOME IN 4 COMPLETED PROPERTIES. IN TOTAL THE PROPERTIES PROVIDE HOUSING FOR 152 SENIOR...

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SILVER SAGE MANOR, INC. PROVIDES HIGH QUALITY AFFORDABLE HOUSING FOR SENIORS AT OR BELOW 50% OF AREA MEDIAN INCOME IN 4 COMPLETED PROPERTIES. IN TOTAL THE PROPERTIES PROVIDE HOUSING FOR 152 SENIOR HOUSEHOLDS. SILVER SAGE MANOR, INC. IS NEARING COMPLETION OF A NEW DEVELOPMENT THAT WILL ADD AN ADDITIONAL 40 UNITS OF AFFORDABLE SENIOR HOUSING TO ITS PORTFOLIO.ADDITIONALLY, SILVER SAGE MANOR, INC. SUPPORTS THE RESIDENTS OF ITS PROPERTIES WITH SENIOR SERVICES COORDINATORS ENGAGING WITH RESIDENTS TO ASSIST THEM IN CONNECTING WITH RESOURCES THAT ALLOW THEM TO SUCCESSFULLY AGE IN PLACE. OUR SENIOR SERVICE COORDINATORS ASSIST RESIDENTS WITH A WIDE VARIETY OF NEEDS. IN 2023 OVER 6500 INTERACTIONS WERE RECORDED WITH OUR COORDINATORS.

Program 2
Expenses: $103,839 Revenue: $63,449

RENTAL ACTIVITY FOR AN EIGHT UNIT APARTMENT COMPLEX FOR LOW INCOME HOUSING SERVING THE ELDERLY, LOCATED ON MORAN STREET IN RENO, NV

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $399,740
Investment Income $124,780
Other Revenue $0
TOTAL REVENUE $524,520

Expense Breakdown

Grants Paid $0
Salaries & Benefits $231,317
Fundraising Expenses $0
Program Expenses $309,362
Other Expenses $177,477
TOTAL EXPENSES $408,794

Year-over-Year Comparison

2023 2022 Change
Revenue $524,520 $1,041,967 -0.5%
Expenses $408,794 $350,779 +0.2%
Net Income $115,726 $691,188 -0.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
4
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
5
$110,027
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEN NARDUCY PRESIDENT 5.00
Officer Director
$0 $0 $0
DIANE TORRY VICE-PRESIDENT 2.00
Officer Director
$0 $0 $0
LINDA CANAVAN TREASURER 4.00
Officer Director
$0 $0 $0
JERRY MULLEN SECRETARY 2.00
Officer Director
$0 $0 $0
PATTI BENGTSON TRUSTEE 1.00
Director
$0 $0 $0
MARK MACDONALD TRUSTEE 1.00
Director
$0 $0 $0
STEPHEN NOVACEK TRUSTEE 1.00
Director
$0 $0 $0
JAMES ROBERTS TRUSTEE 1.00
Director
$0 $0 $0
GRACE SCHOENFELD TRUSTEE 1.00
Director
$0 $0 $0
GEORGE A SUMMERHILL TRUSTEE 1.00
Director
$0 $0 $0
JULIE OTT TRUSTEE 1.00
Director
$0 $0 $0
HARRY HOBSON EXECUTIVE DIRECTOR 40.00
Officer
$110,027 $0 $110,027
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
2024 No data No data No data No data
2023 $524,520 $408,794 $5,598,925 $115,726
2022 $1,041,967 $350,779 $5,373,097 $691,188
2021 $199,355 $306,114 $5,416,591 $-106,759
2020 $216,541 $324,209 $5,284,841 $-107,668
2019 $384,632 $334,872 $5,141,487 $49,760
2018 $285,530 $297,455 $4,804,898 $-11,925
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