VILLAGE EAST SENIOR HOUSING ASSOCIATION (EIN 911790812) - 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

1996

Legal Domicile

Principal Officer

KOREN SMITH

Phone

4252589222

Tax Period

2023-01-01 to 2023-12-31

VILLAGE EAST SENIOR HOUSING ASSOCIATION, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $567K in total revenue in fiscal year 2023. Expenses of $488K left a modest 14% surplus.

Mission

HOUSING FOR LOW INCOME ELDERLY

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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 $389,773

Program Service Revenue $175,945

Investment Income $1,134

Other Revenue $0

TOTAL REVENUE $566,852

Expense Breakdown

Grants Paid $0

Salaries & Benefits $135,457

Fundraising Expenses $0

Program Expenses $428,821

Other Expenses $353,034

TOTAL EXPENSES $488,491

Year-over-Year Comparison

	2023	2022	Change
Revenue	$566,852	$542,132	+0.0%
Expenses	$488,491	$419,428	+0.2%
Net Income	$78,361	$122,704	-0.4%

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

$443,332

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN FORSYTH - INTERIM EXEC	DIRECTOR (THROUGH NOV. 2023)	1.00	Officer	$0	$31,395	$222,080
ASHLEY LOMMERS-JOHNSON	EXEC. DIRECTOR (THROUGH APRIL 2023)	1.00	Officer	$0	$12,502	$137,692
MAJOR GALLOWAY III	EXECUTIVE DIRECTOR	1.00	Officer	$0	$5,995	$83,560
CHIP BURGESS	PRESIDENT	1.00	Officer Director	$0	$0	$0
KOREN SMITH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CYNTHIA ANDREWS	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL MANSELLE	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE PEREZ JR	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN TRAYNOR	BOARD MEMBER	1.00	Director	$0	$0	$0
BENJAMIN YOUNG	BOARD MEMBER	1.00	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
2024	No data	No data	No data	No data
2023	$566,852	$488,491	$1,878,264	$78,361
2022	$542,132	$419,428	$1,816,785	$122,704
2021	$507,190	$340,495	$1,670,203	$166,695
2020	$295,171	$338,968	$1,504,503	$-43,797
2019	$281,918	$332,612	$1,606,066	$-50,694
2018	$240,700	$324,616	$1,615,215	$-83,916

VILLAGE EAST SENIOR HOUSING ASSOCIATION