THE SALVATION ARMY TURLOCK RESIDENCE INC

EIN: 943331343 501(c)(3) Housing & Shelter

RANCHO PALOS VERDES, CA

Total Revenue
$686,893
Total Expenses
$880,499
Total Assets
$4,016,218
Net Assets
$3,700,796
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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
2001
Legal Domicile
CA
Principal Officer
DOUGLAS RILEY
Tax Period
2023-10-01 to 2024-09-30

THE SALVATION ARMY TURLOCK RESIDENCE INC, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $687K in total revenue in fiscal year 2023. Expenses of $880K exceeded revenue, resulting in a 28% operating deficit.

Mission

THE SALVATION ARMY TURLOCK RESIDENCES INC IS A NON-PROFIT APARTMENT COMPLEX THAT PROVIDES SUBSIDIZED HOUSING TO LOW INCOME OR HANDICAPPED PERSONS.

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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 $291,395
Program Service Revenue $375,466
Investment Income $20,032
Other Revenue $0
TOTAL REVENUE $686,893

Expense Breakdown

Grants Paid $0
Salaries & Benefits $201,900
Fundraising Expenses $0
Program Expenses $785,980
Other Expenses $678,599
TOTAL EXPENSES $880,499

Year-over-Year Comparison

2023 2022 Change
Revenue $686,893 $661,388 +0.0%
Expenses $880,499 $846,193 +0.0%
Net Income $-193,606 $-184,805 +0.0%
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

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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
4
$411,103
Total Directors
10
$1,479,813
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBBIE LUM DIRECTOR 0.00
Director
$0 $29,517 $323,220
PHILIP LUM DIRECTOR 0.00
Director
$0 $29,517 $271,316
DOUGLAS RILEY PRESIDENT 0.00
Officer Director
$0 $32,394 $217,996
COLLEEN RILEY DIRECTOR 0.00
Director
$0 $32,394 $217,896
KELLY PONTSLER TREASURER 1.00
Officer Director
$0 $46,014 $102,169
GENEVERA VENICENT DIRECTOR 0.00
Director
$0 $38,650 $90,938
EDDIE VINCENT VP 0.00
Officer Director
$0 $38,650 $90,938
JENNIFER WILD DIRECTOR 0.00
Director
$0 $28,016 $82,670
IVAN WILD DIRECTOR 0.00
Director
$0 $28,016 $82,670
KENNETH HODDER CHAIRMAN 0.00
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 $686,893 $880,499 $4,016,218 $-193,606
2023 $661,388 $846,193 $4,202,162 $-184,805
2021 $634,634 $775,120 $4,519,914 $-140,486
2020 $631,877 $763,009 $4,659,465 $-131,132
2019 $618,401 $729,174 $4,799,098 $-110,773
2018 $621,481 $748,450 $4,911,309 $-126,969
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