THE SALVATION ARMY ESCONDIDO RESIDNCES INC

EIN: 954605506 501(c)(3) Housing & Shelter

RANCHO PALOS VERDES, CA

Total Revenue
$685,588
Total Expenses
$1,039,000
Total Assets
$3,612,898
Net Assets
$2,837,351
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
CA
Principal Officer
DOUGLAS RILEY
Tax Period
2023-10-01 to 2024-09-30

THE SALVATION ARMY ESCONDIDO RESIDNCES INC, founded in 1995, is a small nonprofit in the Housing & Shelter sector that reported $686K in total revenue in fiscal year 2023. Expenses of $1.0M exceeded revenue, resulting in a 52% operating deficit.

Mission

THE SALVATION ARMY ESCONDIDO 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 (2023)

Revenue Breakdown

Contributions & Grants $345,845
Program Service Revenue $325,211
Investment Income $14,532
Other Revenue $0
TOTAL REVENUE $685,588

Expense Breakdown

Grants Paid $0
Salaries & Benefits $198,287
Fundraising Expenses $0
Program Expenses $949,391
Other Expenses $840,713
TOTAL EXPENSES $1,039,000

Year-over-Year Comparison

2023 2022 Change
Revenue $685,588 $662,395 +0.0%
Expenses $1,039,000 $881,558 +0.2%
Net Income $-353,412 $-219,163 +0.6%
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

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Liquidity & Cash Position

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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 VINCENT DIRECTOR 0.00
Director
$0 $38,650 $90,938
EDDIE VINCENT VP 0.00
Officer Director
$0 $38,650 $90,938
IVAN WILD DIRECTOR 0.00
Director
$0 $28,016 $82,670
JENNIFER 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 $685,588 $1,039,000 $3,612,898 $-353,412
2023 $662,395 $881,558 $3,845,458 $-219,163
2022 $647,976 $802,530 $4,041,743 $-154,554
2021 $638,163 $782,721 $4,210,393 $-144,558
2020 $602,684 $771,163 $4,434,637 $-168,479
2019 $545,628 $936,355 $4,712,780 $-390,727
2018 $527,691 $716,626 $4,892,000 $-188,935
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