PALO ALTO SENIOR HOUSING PROJECT INC

EIN: 946115413 501(c)(3) Housing & Shelter

PALO ALTO, CA

Total Revenue
$754,185
Total Expenses
$110,583
Total Assets
$11,334,719
Net Assets
$-2,567,315
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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
1965
Legal Domicile
CA
Principal Officer
JOHN WANG
Phone
6504941944
Tax Period
2023-01-01 to 2023-12-31

PALO ALTO SENIOR HOUSING PROJECT INC, founded in 1965, is a small nonprofit in the Housing & Shelter sector that reported $754K in total revenue in fiscal year 2023. The organization ran a surplus of $644K, a strong 85% operating margin.

Mission

OUR MISSION IS TO PROVIDE AFFORDABLE HOUSING WHERE INDEPENDENT, LOW-INCOME SENIORS ENJOY A SAFE AND CARING COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $72,920 Revenue: $686,008

THE ORGANIZATION MANAGES AND OPERATES AN APARTMENT COMPLEX CONSISTING OF 120 UNITS FOR LOW-INCOME ELDERLY AND HANDICAPPED PERSONS UNDER HUD SECTION 202 OF THE NATIONAL HOUSING ACT, ON THE BEHALF OF...

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THE ORGANIZATION MANAGES AND OPERATES AN APARTMENT COMPLEX CONSISTING OF 120 UNITS FOR LOW-INCOME ELDERLY AND HANDICAPPED PERSONS UNDER HUD SECTION 202 OF THE NATIONAL HOUSING ACT, ON THE BEHALF OF THE PASHPI STEVENHOUSE LIMITED PARTNERSHIP.

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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 $36,642
Program Service Revenue $686,008
Investment Income $31,535
Other Revenue $0
TOTAL REVENUE $754,185

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $72,920
Other Expenses $110,583
TOTAL EXPENSES $110,583

Year-over-Year Comparison

2023 2022 Change
Revenue $754,185 $722,743 +0.0%
Expenses $110,583 $119,801 -0.1%
Net Income $643,602 $602,942 +0.1%
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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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
10

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
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN WANG PRESIDENT 3.00
Officer Director
$0 $0 $0
JEROLD NUGENT VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
MARK LEVI SECRETARY 1.00
Officer Director
$0 $0 $0
LANIE WHEELER TREASURER 2.00
Officer Director
$0 $0 $0
DAVID CHAPPLE DIRECTOR 1.00
Director
$0 $0 $0
GRACE MAH DIRECTOR 1.00
Director
$0 $0 $0
SUSAN XU OTTE DIRECTOR 1.00
Director
$0 $0 $0
WALTER FRANK ENG DIRECTOR 1.00
Director
$0 $0 $0
EDIE KEATING DIRECTOR 1.00
Director
$0 $0 $0
TERRY ROBERTS DIRECTOR 1.00
Director
$0 $0 $0
DAN BARRITT DIRECTOR 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 $754,185 $110,583 $11,334,719 $643,602
2022 $722,743 $119,801 $10,557,650 $602,942
2021 $1,163,322 $14,780,588 $9,912,770 $-13,617,266
2020 $909,847 $107,280 $22,450,342 $802,567
2019 $996,657 $100,742 $20,388,036 $895,915
2018 $927,263 $90,119 $18,176,926 $837,144
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