EVERGREEN TERRACE HOUSING CORPORATION (EIN 942831240) - 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

1982

Legal Domicile

Principal Officer

BISHOP LAWRENCE

Phone

9259247100

Tax Period

2023-09-01 to 2024-08-31

EVERGREEN TERRACE HOUSING CORPORATION, founded in 1982, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

PROVIDES HOUSING TO LOW INCOME ELDERLY AND DISABLED PERSONS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT UNDER AGREEMENT WITH THE DEPARTMENT OF HUD.

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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 $1,771,239

Program Service Revenue $401,110

Investment Income $26,439

Other Revenue $1,094

TOTAL REVENUE $2,199,882

Expense Breakdown

Grants Paid $0

Salaries & Benefits $276,079

Fundraising Expenses $0

Program Expenses $2,243,820

Other Expenses $2,052,118

TOTAL EXPENSES $2,328,197

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,199,882	$1,990,555	+0.1%
Expenses	$2,328,197	$1,782,801	+0.3%
Net Income	$-128,315	$207,754	-1.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMMA BURKS	DIRECTOR	1.00	Director	$0	$0	$0
BISHOP LAWRENCE	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARILYN MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
LYDIA TAYLOR	SECRETARY	1.00	Officer 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	$2,199,882	$2,328,197	$6,261,598	$-128,315
2023	$1,990,555	$1,782,801	$5,807,130	$207,754
2022	$1,992,754	$2,191,623	$5,667,249	$-198,869
2021	$1,936,667	$2,118,931	$5,719,260	$-182,264
2020	$1,916,431	$2,027,835	$5,896,761	$-111,404
2019	$1,871,200	$1,969,839	$6,065,549	$-98,639

EVERGREEN TERRACE HOUSING CORPORATION