THE SALVATION ARMY GLENDALE RESIDENCES INC

EIN: 954605502 501(c)(3) Housing & Shelter

RANCHO PALOS VERDES, CA

Total Revenue
$616,082
Total Expenses
$881,206
Total Assets
$5,956,081
Net Assets
$3,315,333
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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
1995
Legal Domicile
CA
Principal Officer
DOUGLAS RILEY
Tax Period
2022-10-01 to 2023-09-30

THE SALVATION ARMY GLENDALE RESIDENCES INC, founded in 1995, is a small nonprofit in the Housing & Shelter sector that reported $616K in total revenue in fiscal year 2022. Expenses of $881K exceeded revenue, resulting in a 43% operating deficit.

Mission

THE SALVATION ARMY GLENDALE RESIDENCES INC IS A NON-PROFIT APARTMENT COMPLEX THAT PROVIDES SUBSIDIZED HOUSING TO LOW INCOME ELDERLY 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 (2022)

Revenue Breakdown

Contributions & Grants $324,658
Program Service Revenue $273,347
Investment Income $18,077
Other Revenue $0
TOTAL REVENUE $616,082

Expense Breakdown

Grants Paid $0
Salaries & Benefits $184,263
Fundraising Expenses $0
Program Expenses $787,584
Other Expenses $696,943
TOTAL EXPENSES $881,206

Year-over-Year Comparison

2022 2021 Change
Revenue $616,082 $630,281 0.0%
Expenses $881,206 $707,250 +0.2%
Net Income $-265,124 $-76,969 +2.4%
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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Governance

Voting Members
10
Independent Members
10
Employees
3
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
$401,498
Total Directors
10
$1,307,770
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN SMITH DIRECTOR 0.00
Director
$0 $29,417 $228,064
MARCIA SMITH DIRECTOR 0.00
Director
$0 $29,417 $228,064
COLLEEN RILEY DIRECTOR 0.00
Director
$0 $32,694 $222,625
DOUGLAS RILEY PRESIDENT 0.00
Officer Director
$0 $32,694 $222,625
KELLY PONSLER TREASURER 1.00
Officer Director
$0 $46,038 $94,817
GENEVERA VINCENT DIRECTOR 0.00
Director
$0 $38,167 $84,056
EDDIE VINCENT VP 0.00
Officer Director
$0 $38,167 $84,056
PHILIP LUM DIRECTOR 0.00
Director
$0 $29,288 $72,728
DEBBIE LUM DIRECTOR 0.00
Director
$0 $29,288 $70,735
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 No data No data No data No data
2023 $616,082 $881,206 $5,956,081 $-265,124
2022 $630,281 $707,250 $5,872,843 $-76,969
2021 $605,987 $739,439 $5,982,705 $-133,452
2020 $571,700 $765,912 $6,105,478 $-194,212
2019 $537,406 $673,835 $6,297,817 $-136,429
2018 $516,582 $704,996 $6,429,190 $-188,414
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