THE SALVATION ARMY LAKE VIEW TERRACE RESIDENCES (EIN 954784963) - 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

2000

Legal Domicile

Principal Officer

DOUGLAS RILEY

Tax Period

2022-10-01 to 2023-09-30

THE SALVATION ARMY LAKE VIEW TERRACE RESIDENCES, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $620K in total revenue in fiscal year 2022. Expenses of $792K exceeded revenue, resulting in a 28% operating deficit.

Mission

THE SALVATION ARMY LAKE VIEW TERRACE 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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $330,440

Program Service Revenue $282,009

Investment Income $7,734

Other Revenue $0

TOTAL REVENUE $620,183

Expense Breakdown

Grants Paid $0

Salaries & Benefits $167,781

Fundraising Expenses $0

Program Expenses $696,471

Other Expenses $624,359

TOTAL EXPENSES $792,140

Year-over-Year Comparison

	2022	2021	Change
Revenue	$620,183	$576,133	+0.1%
Expenses	$792,140	$791,218	+0.0%
Net Income	$-171,957	$-215,085	-0.2%

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

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

$401,498

Total Directors

$1,307,770

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
STEPHEN SMITH	DIRECTOR	Director	$0	$29,417	$228,064
MARCIA SMITH	DIRECTOR	Director	$0	$29,417	$228,064
COLLEEN RILEY	DIRECTOR	Director	$0	$32,694	$222,625
DOUGLAS RILEY	PRESIDENT	Officer Director	$0	$32,694	$222,625
KELLY PONTSLER	TREASURER	Officer Director	$0	$46,038	$94,817
GENEVERA VINCENT	DIRECTOR	Director	$0	$38,167	$84,056
EDDIE VINCENT	VP	Officer Director	$0	$38,167	$84,056
PHILIP LUM	DIRECTOR	Director	$0	$29,288	$72,728
DEBBIE LUM	DIRECTOR	Director	$0	$29,288	$70,735
KENNETH HODDER	CHAIRMAN	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	$620,183	$792,140	$5,164,797	$-171,957
2022	$576,133	$791,218	$5,363,913	$-215,085
2021	$575,421	$863,327	$5,546,990	$-287,906
2020	$533,937	$842,633	$5,818,180	$-308,696
2019	$526,107	$751,196	$6,107,339	$-225,089
2018	$515,999	$764,317	$6,315,420	$-248,318

THE SALVATION ARMY LAKE VIEW TERRACE RESIDENCES