SHERMAN WAY SENIOR CITIZEN HOUSING CORP (EIN 953866934) - 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

1983

Legal Domicile

Principal Officer

DOUGLAS COPE

Phone

3104756083

Tax Period

2023-04-01 to 2024-03-31

SHERMAN WAY SENIOR CITIZEN HOUSING CORP, founded in 1983, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2023. The organization ran a surplus of $350K, a strong 24% operating margin.

Mission

SHERMAN WAY SENIOR CITIZEN HOUSING CORPORATION, A CALIFORNIA NONPROFIT CORPORATION, WAS FORMED TO OWN A 74-UNIT RENTAL HOUSING PROJECT FOR THE ELDERLY LOCATED IN VAN NUYS, CALIFORNIA. THE OPERATIONS OF THE PROJECT BEGAN DECEMBER 1991. THE CORPORATION IS OPERATED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE CORPORATION HAS EXECUTED A REGULATORY AGREEMENT WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, WHICH GOVERNS THE OPERATION OF THE PROJECT WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS.

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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 $1,148,110

Program Service Revenue $293,813

Investment Income $5,929

Other Revenue $4,505

TOTAL REVENUE $1,452,357

Expense Breakdown

Grants Paid $39,737

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $772,407

Other Expenses $1,063,046

TOTAL EXPENSES $1,102,783

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,452,357	$1,389,097	+0.0%
Expenses	$1,102,783	$1,116,203	0.0%
Net Income	$349,574	$272,894	+0.3%

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

$317,359

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH WEISER	CHAIR	0.10	Officer Director	$0	$0	$0
DAVID GOLDMAN	TREASURER	0.10	Officer Director	$0	$0	$0
ELISA PASTER	SECRETARY	0.10	Officer Director	$0	$0	$0
RICHARD ROMANOFF	BOARD MEMBER	0.10	Director	$0	$0	$0
DOREEN KLEE	BOARD MEMBER	0.10	Director	$0	$0	$0
JON PYNOOS	BOARD MEMBER	0.10	Director	$0	$0	$0
LANCE BOCARSLY	BOARD MEMBER	0.10	Director	$0	$0	$0
JODI COHN	BOARD MEMBER	0.10	Director	$0	$0	$0
DOUG DWORSKY	BOARD MEMBER	0.10	Director	$0	$0	$0
DOUGLAS COPE	PRESIDENT	2.00	Officer	$0	$7,252	$317,359
ANGEL JARAMILLO	CONTROLLER	2.00	Highest	$0	$18,221	$194,943
JUSTIN DEIMEL	FACILITIES DIRECTOR	2.00	Highest	$0	$22,566	$175,027
DAWN BEEBE	DIRECTOR OF OPERATIONS	2.00	Highest	$0	$22,407	$168,368

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
2025	No data	No data	No data	No data
2024	$1,452,357	$1,102,783	$5,231,361	$349,574
2023	$1,389,097	$1,116,203	$5,028,964	$272,894
2022	$1,220,731	$1,192,006	$4,887,325	$28,725
2021	$1,138,814	$1,036,942	$5,010,487	$101,872
2020	$1,117,520	$1,011,552	$5,013,057	$105,968
2019	$1,095,688	$983,877	$5,042,322	$111,811

SHERMAN WAY SENIOR CITIZEN HOUSING CORP