Liabilities / Assets
89th percentile
Higher debt load relative to assets than 89% of similar nonprofits.
Elm Manor Homes Inc
EIN 54-1236735 • 501(c)3 • Roanoke, VA
Profile
The organization's primary exempt purpose is to provide qualifying low-income elderly and mentally handicapped persons with affordable low-income housing and services with section 8 housing assistance on a non-profit basis.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.65x
Liabilities / Revenue
94th percentile
Higher debt load relative to revenue than 94% of similar nonprofits.
Net Margin
37th percentile
Higher net margin than 37% of similar nonprofits.
Top Officer Pay
55th percentile
Higher top officer pay than 55% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
26th percentile
Faster asset growth than 26% of similar nonprofits.
Revenue Growth
44th percentile
Faster revenue growth than 44% of similar nonprofits.
Balance Sheet
Assets
Down$949,443
Down $61,729 (-6.1%) from 2023
Liabilities
Down$617,648
Down $55,951 (-8.3%) from 2023
Net Assets
Down$331,795
Down $5,778 (-1.7%) from 2023
Revenue
Up$408,900
Up $12,461 (+3.1%) from 2023
Expenses
Up$414,678
Up $38,223 (+10%) from 2023
Net Income
Down-$5,778
Down $25,762 (-129%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $949,443
- Liabilities
- $617,648
- Net assets
- $331,795
- Revenue
- $408,900
- Expenses
- $414,678
- Net income
- -$5,778
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Nov 1, 2023 to Oct 31, 2024
- Signed
- Apr 28, 2025
- Return Version
- 2023v6.0
- Gross Receipts
- $408,900
Mission and Program Overview
Mission
The organization's primary exempt purpose is to provide qualifying low-income elderly and mentally handicapped persons with affordable low-income housing and services with section 8 housing assistance on a non-profit basis.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $856,831 | $828,536 | ▼ $28,295 |
| Accounts Receivable | $15,806 | $26,074 | ▲ $10,268 |
| Prepaid Expenses and Deferred Charges | $13,158 | $11,205 | ▼ $1,953 |
| Cash and Non-Interest-Bearing Accounts | $9,400 | $4,599 | ▼ $4,801 |
| Total Assets | $1,011,172 | $949,443 | ▼ $61,729 |
| Other Assets Total | $115,977 | $79,029 | ▼ $36,948 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $649,070 | $581,522 | ▼ $67,548 |
| Accounts Payable and Accrued Expenses | $13,543 | $24,420 | ▲ $10,877 |
| Other Liabilities | $10,146 | $9,553 | ▼ $593 |
| Deferred Revenue | $840 | $2,153 | ▲ $1,313 |
| Total Liabilities | $673,599 | $617,648 | ▼ $55,951 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $337,573 | $331,795 | ▼ $5,778 |
| Total Net Assets Fund Balance | $337,573 | $331,795 | ▼ $5,778 |
| Total Liabilities and Net Assets / Fund Balance | $1,011,172 | $949,443 | ▼ $61,729 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $524,031 | $1,260,124 | $1,784,155 |
| Other Land Buildings | $80,533 | $191,664 | $272,197 |
| Land | $164,736 | - | $164,736 |
| Equipment | $59,236 | $95,395 | $154,631 |
| Other Assets Org | $10,609 | - | - |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Thomas R Schroeder | President |
| Wayles Dandridge | 1st Vice President |
| Lisa Cayse | Minister - Parish Administ |
| Anderson Douthat Iv | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $30,695
- Program Service Revenue
- $377,191
- Investment Income
- $1,014
- Other Revenue
- $0
- Change in Net Assets
- $-5,778
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $408,900
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $0
- Total Revenue per Audited Statements
- $408,900
- Total Revenue per Form 990
- $408,900
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $301,606 |
| Salaries, Compensation, and Employee Benefits | $113,072 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $94,711 | - | - | $94,711 |
| Depreciation Depletion | $72,546 | - | - | $72,546 |
| Insurance | $30,313 | - | - | $30,313 |
| Office Expenses | $13,709 | $13,709 | - | $27,418 |
| Fees for Services Management | - | $26,983 | - | $26,983 |
| Occupancy | $21,379 | - | - | $21,379 |
| Interest | $17,802 | - | - | $17,802 |
| Other Employee Benefits | $13,831 | - | - | $13,831 |
| Fees for Services Accounting | - | $10,200 | - | $10,200 |
| All Other Expenses | $6,565 | - | - | $6,565 |
| Advertising | - | $4,689 | - | $4,689 |
| Payroll Taxes | $4,530 | - | - | $4,530 |
| Other Expenses | $4,231 | - | - | $4,231 |
| Fees for Services Legal | - | $1,720 | - | $1,720 |
| Total Functional Expenses | $357,377 | $57,301 | $0 | $414,678 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Total Expenses per Form 990 | $414,678 |
| Expenses per Audited Statements | $414,676 |
| Total Expenses per Audited Statements | $414,676 |
| Expenses Not Reported on Financial Statements | $2 |
| Other Expense Adjustments | $2 |
| Expenses Not Reported on Form 990 | $0 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Tenant Security Deposits | $9,553 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- Yes
- Backup withholding compliance
- Yes
- Business relationship with 35% controlled entity
- No